A cash ratio between 0.5 and 1.0 is generally healthy for most large, mature tech companies. These firms often generate steady cash flows and don’t need to hold excessive cash. It tells you how much investors are paying for each dollar of actual operating cash flow. The distinctions between cash flow coverage ratio interpretation and debt [Continue]

Manage complex financials, inventory, payroll and more in one secure platform. From sole traders who need simple solutions to small businesses looking to grow. These audits can identify areas of waste, inefficiency, and overpayment, leading to actionable insights for cost reduction. Shaun Conrad is a Certified Public Accountant and CPA exam expert with a passion [Continue]

These techniques affect the calculation of the cost of goods sold and, consequently, a company’s overall financial health. Understanding these differences is essential for accurate financial reporting and strategic decision-making. The last-in, last-out (LIFO) inventory costing method records the most recently purchased inventory or produced items (i.e., last in) as sold first. The cost of [Continue]

There are different circumstances and business climates that might necessitate selecting one inventory costing method over another. You might also select a method based on its effect on the company’s balance sheet. Weighted average cost inventory costing (WAC) is a method that uses average unit cost to calculate COGS and ending inventory. Understanding these costs [Continue]

Consumer Packaged Goods or CPG industry manufactures products used in everyday life with a limited shelf-life in general. Remaining informed and agile in strategy is crucial for converting the industry’s challenges into opportunities. By aligning financial expertise with technological capabilities, investors and businesses alike are better equipped to harness the growth and innovation potential inherent [Continue]

In the CPG industry, companies like Procter & Gamble and Coca-Cola leverage established brand strength to achieve consistent returns. Economies of scale are pivotal for CPG firms because they lead to cost advantages that competitors might not easily replicate. Such financial leverage is exemplified by large-scale production and distribution systems, automated manufacturing processes, and global [Continue]

Accounting software helps business owners understand how money flows in and out of their businesses. This can help you save time and make financial decisions quickly. Wave Accounting excels at simplifying financial management for small and medium-sized businesses with its dashboard and easy-to-use features, making it comparable to alternatives like QuickBooks Online. The next product [Continue]

It also complies with accounting standards and uses double-entry accounting, which can help ensure accuracy. Wave Accounting is a cloud-based financial management software for small businesses that includes invoicing, expense tracking, receipt scanning, and financial reporting. Along with a free-for-life accounting and invoicing plan, Wave offers a paid plan with unlimited receipt scanning, thorough automation [Continue]

We try our best to keep you with the bookkeeping team you’re assigned when you come on board. If there’s any change in your bookkeeping team, we’ll let you know as soon as possible and make sure the transition is a smooth one. Your bookkeeping team consists of 3 professionally trained bookkeepers, including one senior [Continue]

Please remember to take care of yourselves and one another as we unify to undertake these historic changes and challenges. An amazing group of people who just happen to do incredible accounting. QuickBooks and other bookkeeping software give you a tool to do your own bookkeeping. Get free guides, articles, tools and calculators to help [Continue]