Accounting

Master inventory accounting, formulas and ratios with beautiful, easy to follow examples.

Moving average formula for calculating cost

By Thomas Wong  •  Read Time 2:15
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The Moving Average Formula is a third way to calculate your product costs. This method eschews the use of costing layers and requires you to recalculate your costs every time a new purchase order comes in.

By Thomas Wong  •  Read Time 2:15
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FIFO method for valuating your inventory (Oh, and LIFO too!)

By Thomas Wong  •  Read Time 3:24
First-in-First-out

Depending on how you count the value of the products you’ve just sold, the amount of profit that you report can be very different. In this article we’ll take a look at the FIFO costing method, and also dig into why you may or may not be able to use its counterpart, LIFO.

By Thomas Wong  •  Read Time 3:24
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How to calculate margin vs. markup

By Thomas Wong  •  Read Time 4:47
Margin vs markup

If you’ve been wondering about the differences between Margin and Markup and how to calculate those figures, this is the article for you! We’ll explore the relationship between cost, price, markup, and margins.

By Thomas Wong  •  Read Time 4:47
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Accounting 101

By Matthew Kostanecki  •  Read Time 3:51
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This article will give you a general overview of inventory accounting and the related equations, formulas, and ratios critical to your business success.

By Matthew Kostanecki  •  Read Time 3:51
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