by truby | May 31, 2022 | Bookkeeping
In addition, accounting profit can be used to compare a business’s performance with other companies within the same industry, providing valuable insights into market competition. While it can deduct most of its expenses from its revenues when calculating its taxable...
by truby | Oct 5, 2021 | Bookkeeping
Such insights can only be gained with the proper application of the concept of the activity base. The right activity base should reflect the critical operational activities contributing to resource usage. For instance, for a manufacturing company, the activity base...
by truby | Jul 14, 2021 | Bookkeeping
As an example, moving from a hybrid to fully automated customer chatbot support is one way service centers lower costs and optimize customer support with hyperautomation. Business process improvement (BPI) is where you take action on everything you’ve learned. After...
by truby | Jun 29, 2021 | Bookkeeping
Utilities stocks, healthcare stocks and consumer staples stocks are all considered defensive investments. That’s because their revenue—and potentially their stock prices—remain steady in boom and bust economies. To find these shares, value investors look for companies...
by truby | Feb 10, 2021 | Bookkeeping
If your clients are expected to pay within 30 days, that’s a pretty quick turnaround. Terms for business lines of credit vary but may last anywhere from 12 weeks to 18 months, while some lines of credit may even be open-ended, renewing annually. Say you’re a small...
by truby | Jan 18, 2021 | Bookkeeping
A single payment loan requires only one payment, which is why many people gravitate towards this simple loan option. But owing only one solitary payment may actually work against you. If the interest rate is less than what you’d pay on a credit card or other...
