Inventory Turnover How to Calculate Inventory Turns

Depending on the industry that the company operates in, inventory can help determine its liquidity. For example, inventory is one of the biggest assets that retailers report. If a retail company reports a low inventory turnover ratio, the inventory may be obsolete for the company, resulting in lost sales and additional holding costs. The inventory […]

9 Best Payroll Services For Small Business August 2023

For additional features, these were elements that fell into the “nice-to-have” category that not all software providers offered, either as part of their regular plan or as a paid add-on. Both kinds of features combined to account for 60% of our total score. It’s also ideal for brand-new businesses because FinancePal can help with entity […]

Capital Accounts Explained: How It Works and Why It’s Important

Common forms of capital account transactions include foreign direct investment or loans from foreign governments. The vast majority of global capital account transfers take place between the world’s wealthiest businesses, banks, and governments. Capital controls are measures imposed by a state’s government aimed at managing capital account transactions. Owners typically use spreadsheets or accounting programs […]

Ghana power producers threaten outage over non-payment of arrears

Seeing “arrears” in a contract or agreement simply indicates that the payment will not be made in advance. The two most popular types of billing processes conducted by small businesses are billing in advance and billing in arrears. Simply put, billing in advance is collecting payments before delivering a product or service. Billing in arrears […]

Amortization Of Prepaid Expenses

As an employer, you may have to make payments to a state unemployment compensation fund or to a state disability benefit fund. If real estate is sold, the real estate taxes must be allocated between the buyer and the seller. The below-market interest rules do not apply to a loan owed by a qualified continuing […]