Auteur/autrice : bee

Then, list out any expenses your company had during the period and subtract the expenses from your revenue. The bottom of your income statement will tell you whether you have a net income or loss for the period. Your income statement gives you insight into your company’s income and expenses. The last line of your… continue reading

Furthermore, providing clear and accurate product descriptions, images, and specifications helps manage customer expectations and lowers the chances of https://www.facebook.com/BooksTimeInc/ returns. Another effective strategy involves investing in automation technology. That could include automated warehouses and order fulfillment systems. By maximizing warehouse space efficiency through methods such as adding shelves, organizers, and wall storage, you can… continue reading

The current liabilities section typically includes accounts payable, accrued expenses and taxes, customer deposits, and other trade debt. It reflects the fluctuations in a company’s short-term assets and liabilities. It shows how efficiently a company manages its current resources, such as cash, inventory, and accounts payable. Positive changes indicate improved liquidity, while negative changes may suggest financial strain…. continue reading

If the two totals do not agree, an error has been made, either in the journals or during the posting process. The error must be located and rectified, and the totals of the debit column and the credit column recalculated to check for agreement before any further processing can take place. A bookkeeping checklist outlines… continue reading