Inventory Accounting: A Complete Guide

Content How to do inventory accounting with the LIFO method Conduct Physical Counts What is inventory accounting and why is it important? Inventory accounting: IFRS® Standards vs US GAAP What’s the most used accounting software? Reasons for keeping stock How to Account for Inventory Accounting software does more than track your finances and categorize your […]

What is a single-step income statement?

Content What is an income statement? Gross Profit Section Single Step Income Statement Key Elements of Single-Step Income Statement Unlike the operating section, the non-operating section is not split into subcategories. The company whereas non-operating sections detail has to be visible and the gains and losses of indirect activity. The company’s specific source of revenue […]

The Future of Technology in Accounting

According to a Robert Half survey, 71% of managers in the U.S. are either already using some kind of virtual reality or planning to integrate it within three to five years. There’s no question that digital transformation has radically changed the playing field. Big data has become a rich resource that needs to be tapped […]

The Best Accounting Software for Small Businesses in 2023

Accounts receivable is money that is owed to you by your customers, for the goods or services you’ve sold them. These items are listed as assets because the customers are obligated to pay you. The financial transactions are all recorded, but they have to be summarized at the end of specific time periods. For every […]

Job Application for Head of Retail Accounts at Howl

Content Retail method Remember to file tax returns A common data currency to succeed in negotiations and influence category management How to manage VAT How to manage the supply in a retail store? An In-Depth Look at the Retail Accounting Method The primary advantage of the retail method is the ease of the calculation. You […]

Bookkeeping Packages for Small Businesses & Accountants

Content Limited Company VAT Premium PLUS Get better prices for your accounting services from£195 per month How bookkeepers charge Pricing Packages Limited Company Standard PLUS Bookkeeping is concerned with accurately recording the financial data whereas accounting involves interpreting & reporting the same data. You get LIFETIME ACCESS to the training and resources – there is no […]

6 Steps to Create a Small Business Budget +Templates

Contents: Creating your first small business budget Types of business budgets The Ultimate Guide to Budgeting for Small Businesses Free Budget Templates to Use for Your Business Calculate your gross profit. Analysing income and expenditure is essential for producing an accurate budget. The alternative is crunching numbers each time you need to know what your […]