Managing a Budget

No company in a production and manufacturing business can survive and be profitable if the production costs go out of control. It is a must that the investments and production costs are kept under...

It doesn't matter if you already own a large company or you are just starting out, managing your cash flow is essential to the health of your business. Combining your cash flow budget along with...

It is becoming more common place to outsource IT services, in cost cutting times like ours. Why deal with the hassle and risks of IT when it has nothing to do with your company's core competency?...

For most businesses, achieving a higher bottom line is a function of better asset utilization. Fixed assets are especially complicated due to depreciation and amortization conventions. Finding the...

Cost of Goods Sold, or COGS, is the amount a merchandising company paid for the goods sold during a given period. It's important to know that this is not price at which the goods were sold but the...

Cash flow is the lifeblood of business. It is the surplus cash on hand after obligatory cash outlays, which include overhead, payroll, purchases, debt, and taxes. Both a business's immediate...

LIFO and FIFO are used as descriptions for inventory. LIFO stands for "last in first out," which means that the product put into the warehouse last or more recently is what will leave the...

Planning a budget is paramount to the continued success of any business. A budget allows managers to estimate and properly manage resources. Many components of properly planned corporate budget...

With the economy in the mess its in. Here is my way to cut food cost in a restaurant kitchen. It all boils down to numbers. The big numbers game.

Liquidation value is known as the amount you can sell an asset for today. No liquidation is the same; situations and asset values change. However, there are some common steps that can serve as...

In order to calculate inventory turnover, take the total cost of the goods sold and divide that by the current value of the inventory in a store. Learn about how to calculate inventory turnover...

Stock turnover is the same as inventory turnover. To maintain a profitable business a firm must find the right inventory balance. The stock turnover ratio compares the cost of goods sold with the...

When a company borrow money from a lender like a bank and secures it with its inventory, it is called inventory financing. Companies do this to free up cash that otherwise would be tied up in...

So, it's tax season and you want to take advantage of any legal tax breaks available to you. Inventories are unused assets that are tax deductible. Unfortunately, it is all too often one of those...

Inventory turnover ratio is the number of times that inventory is sold and replenished in a given period. Determine inventory turnover ratio by calculating the cost of sales divided by the average...

Inventory turn is used to measure the efficiency of a business by looking at the number of time inventory has been bought and sold. Find out more about inventory turn, and how it looks at...

Peachtree Accounting is not be the easiest accounting program to learn. The software is very comprehensive as well as complex. However, the benefit to Peachtree over other similar programs is that...

Sales is the key element to create profit. Tracking sales by the dollar you earned at the end of the day is easy. But calculating sales in a more itemized way will prove to be more effective. This...

Working Capital Management is as important as pooling together the financial resources to invest into a particular business. The first rule of thumb is to understand and practice successfully...

Inventory turnover is represented by a calculated number of how many times a company has cycled through its inventory during a given financial reporting period. It can be measured for...

The Cost Of Goods Manufactured is an important figure for every business to know. It is not just for your accountant to calculate. The Cost Of Goods Manufactured can give you an indication of...

Getting a coffee shop stocked is no small task. Keeping inventory up to date and fresh takes computing skills and the right person to consistently count what's left in the store at the end of the...