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Cost of goods sold COGS

Inventory is the difference between your COGS Expense and Purchases accounts. Along with being on oh-so important financial documents, you can subtract COGS from your business’s revenue to get your gross profit. Knowing your business’s COGS helps you determine your company’s bottom line and calculate net profit. FIFO and specific identification track a single item … Read more

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Operating Expenses: Accounting Explained

As a business owner, establishing good financial controls and creating an operating budget to account for spending will help keep your business expenses in check. If the employee is salaried, their pay will be considered a fixed operating expense because it’s consistent. Hourly wages, on the other hand, are a variable expense because they fluctuate … Read more

Narcissist Alcoholic: The Dangerous Intersection of Two Disorders

Diagnosis and treatment for individuals with both AUD and NPD can be challenging due to overlapping symptoms. In many cases, an alcoholic doesn’t start with NPD, but their alcoholic personality leads them to act in ways that are similar to an individual with narcissistic tendencies. People with NPD may display a pattern of grandiose behaviour, … Read more

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Accounts receivable accounting

You do not need to worry about complex accounting rules or matching expenses with revenues. When looking at cash vs accrual accounting and deciding which method will work best for your business, you should consider various factors, including your company size, complexity, and regulatory requirements. When it comes to managing the finances of your business, … Read more

Top 20 Consistency Examples & Definition

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EPICENTER Definition & Meaning

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