Master inventory accounting, formulas and ratios with beautiful, easy to follow examples.
The FIFO method stands for first in first out, and LIFO method stands for last in first out. FIFO and LIFO have a huge effect on how you end up reporting on your business profits. Depending on the type of business you run — and where you run it — you may not actually have […]
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.
This article will give you a general overview of inventory accounting and the related equations, formulas, and ratios critical to your business success.