Net sales, on the other hand, subtracts deductions—hence the distinction between net and gross. To calculate your net sales, you first need to calculate your gross sales. Net sales represent…
We've listed some of the key differences when it comes to the requirements and job market for each. Generally, the end of quarters and the end of the year are…
For example, by analyzing profit margins, dealerships can identify which vehicle models or services generate the highest returns. This information can guide their marketing and sales strategies, focusing on the…
As a Priority Circle member, you get access to a dedicated customer success manager who can assist you with any questions or issues you have with your software. You will…
Real estate agents use dedicated bookkeeping to streamline their real estate business and ensure accurate accounting. Understanding the aspects of real estate accounting, such as creating a chart of accounts…
CFMA develops and provides customized education and learning opportunities for professionals in the construction industry. CFMA offers group education for new and seasoned construction financial professionals as well as non-financial…
However, when the depreciation rate is determined this way, the method is usually called the double-declining balance depreciation method. Though, the double-declining balance depreciation is still the declining balance depreciation…
It supports various functions such as creating and distributing invoices, processing payments, sending payment reminders, reconciling accounts, and analyzing AR data. A good top 10 best mac accounting software for…
If a company’s DSO is increasing, it's a warning sign that something is wrong. Customer satisfaction might be declining, or the salespeople may be offering longer terms of payment to…
The lender is likely to sell your debt to collections, and the collection agency can choose to pursue legal action if you don't pay the debt. A defaulted loan can…