Furthermore, keeping records up-to-date helps businesses make informed decisions about staffing and budgeting and stay on top of any tax regulations or employee withholdings changes. Benefits withholding refers to deducting an employee’s share of the benefit plan from their gross compensation. Depending on your arrangement with your employees, you may cover a portion, or all […]
Financial institutions use trend analysis to monitor market conditions and predict economic changes. This allows them to adjust their investment strategies and offer customers timely advice based on real-time market trends. Seasonal trends refer to patterns in data that occur at regular intervals, typically influenced by seasonal factors such as holidays, weather patterns, or cultural […]
If the range of your thinking and planning extends beyond the upcoming tax cycle and into your retirement years, you may want to look into the tax and other advantages of a solo 401(k) plan. This would be a good time to talk with your accountant or tax preparer to see what the best steps […]
Calculate reorder point with lead time variability using our advanced settings that account for supplier performance history and delivery variations. Yes, you can calculate reorder point without safety stock for extremely stable products, but we recommend including at least minimal safety stock for protection. Partner with AMZ Prep to streamline your inventory with smart forecasting, […]
Carefully consider your financial situation, including investment objective, time horizon, risk tolerance, and fees prior to making any investment decisions. No level of diversification or asset allocation can ensure profits or guarantee against losses. Article contributors are not affiliated with Acorns Advisers, LLC. Acorns is not engaged in rendering tax, legal or accounting advice. You […]
Sage Intacct provides customized pricing options tailored to meet the specific needs of your business. FaaS gives you a plug-and-play finance function that can produce GAAP-compliant financials and handle complex AP needs virtually overnight. Even when companies have different compliance needs, AI can be adjusted to follow their specific rules. If you want to learn […]
Electronic payments also eliminate the risk of a check being lost in the mail or delayed in processing. Regardless of the option you choose, it’s essential to keep accurate records of all stale-dated checks. This includes the date the check was issued, the date it was deposited or returned, and any communication between you and […]
These documents provide a comprehensive overview of the organization’s financial health, detailing assets, liabilities, revenues, and expenses. Unrestricted net assets provide nonprofit organizations with the flexibility to respond to unforeseen circumstances or emergencies that may arise. By having a pool of unrestricted funds, organizations can adapt to changing needs without being constrained by donor restrictions. […]
Capital cost can be calculated by multiplying the average inventory value by the annual interest rate or the cost of capital. The average inventory value can be estimated by dividing the sum of the beginning and ending inventory values by two, or by using the economic order quantity (EOQ) formula. The annual interest rate or […]
It’s one of several ways to look at a company’s profitability, and indicates how well the business is generating cash from its operating activities. The EBITDA figure gives you the opportunity to assess the result of the operating activities of a company and to compare it with others. However, it does not reflect key factors […]
