Every business will have to deal with dead stock at some point. It’s an unfortunate truth, but knowing this means you can prepare beforehand. That doesn’t mean you have to plan out every little detail ahead of time, but having a rough idea will go a long...
With an estimated 80% US market share in 2018, Intuit’s QuickBooks is wildly popular with businesses, and for good reason! Not only does it offer every tool that an accountant needs, it’s also easy to integrate into existing workflows and easy for workers to pick up...
Inventory shortages can affect a company’s profits directly and indirectly. Not having materials for production or products to fill orders leads to lost business in the short term. Shortages also affect long-term revenue because clients or retail customers may...
In the 21st century, businesses don’t need to be brick-and-mortar. In fact, many successful businesses are run through e-commerce websites that provide goods and services for customers around the world. If you run an e-commerce business, it’s important to manage...
Something that business owners learn very quickly is the importance of time. Not only is it a highly limited resource, but it’s also required to get anything done, making it a valuable currency. It’s the main reason businesses are always looking for ways to increase...