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All the hottest topics in accounting, inventory, and manufacturing
What is a Good Inventory Turnover Ratio?
Discover the optimal inventory turnover ratio for different types of businesses
Understanding Cost Accounting: A Guide for Manufacturers
Cost accounting helps manufacturers control costs, optimize pricing, and improve profitability by detailing production expenses. Automated tools like Superunit can handle up to 80% of these tasks with 3x the accuracy, letting manufacturers focus on strategic growth while ensuring precise cost tracking and scalability.
The Essential Guide to Automated COGS Tracking for Inventory Businesses
Accurate COGS tracking is key for inventory businesses' unit economics and profitability. Automate calculations for real-time cost visibility, precise gross margins, time savings. Learn strategies like AI matching, duty allocation, seamless data integration.
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The Cost of Goods Sold Formula Explained
This comprehensive guide explains the cost of goods formula in detail using real world examples Topic covered include beginning inventory, purchases, ending inventory, and how these elements interact. Discover the significance of this formula in financial reporting, inventory valuation, and overall business decision-making.
Is Cost of Goods Sold a Debit or Credit? An Explanation (with examples)
A detailed explanation on the question is cost of goods sold a debit or credit? See real-world examples, formulas, and the importance of accurate COGS reporting for inventory businesses.
Mastering the Cost of Goods Sold Journal Entry in 2024
Learn how to accurately record Cost of Goods Sold (COGS) in your journal entries for 2024. Our guide covers the importance of COGS, step-by-step instructions for calculating and recording COGS, and common mistakes to avoid. Improve your financial reporting and inventory management with our expert tips.
Strategies on How to Improve Profit Margin for Inventory Businesses in 2024
Learn how to improve profit margin for your inventory business with these proven strategies. Boost revenue and reduce costs through effective pricing, inventory management, automation, and more. Discover practical tips and examples to optimize your operations and achieve sustainable profitability.
Demystifying Contribution Margin for Online Sellers
Learn how to calculate and leverage contribution margin to skyrocket your online business's profitability. Discover the power of this essential ecommerce financial metric and make data-driven decisions to optimize your product mix, pricing strategy, and marketing efforts.
Cost of Sales vs. COGS Explained
Understand the differences between Cost of Sales and COGS in this comprehensive guide. Learn how these financial metrics impact your business's profitability and reporting.
What Is a PO? Your No-Nonsense Guide to Purchase Orders
Discover what a purchase order is and how it streamlines procurement processes. Our comprehensive guide explores the key components of a PO, its benefits for buyers and sellers, and best practices for creating and managing purchase orders. Learn how to optimize your purchasing process, minimize errors, and build strong vendor relationships
3 Way Match: A Comprehensive Guide to Streamlining Invoice Processing
What is 3-way matching and how can it improve the efficiency of your supply chain?
Periodic vs. Perpetual Inventory Systems: Which One is Right for Your Business?
This article compares periodic and perpetual inventory systems, helping businesses determine which method best suits their needs.
Process Costing 101: How to Allocate Costs in Manufacturing
A comprehensive guide to understanding process costing and methods for allocating costs in manufacturing operations.
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