Throughput accounting 101: Everything you need to know Discover the definition of throughput accounting and the theory of constraints, how to calculate and measure throughput performance in accounting, how to deal with bottlenecks, and some tips to improve throughput accounting ratios in the article.
What is the importance of accounting in business? Accounting is important to businesses for a variety of reasons. Discover what accounting is, the importance of accounting, its purpose and its benefit in business, also the different types of accounting.
6 January 2022
The key differences between accounting vs bookkeeping The distinctions between accounting and bookkeeping are subtle but important to understand when considering a career in either field. So what is the difference between accounting vs. bookkeeping and accountant vs. bookkeeper?
Single Entry Bookkeeping: the method for upcoming businesses Are you an owner of a small business or simply are planning to open one? Then you have stumbled upon the right article. This single entry bookkeeping will help you get started. You'll learn to track your transactions, and also do so without having to break your piggy bank.
Raw Material Turnover- What You Need to Know Do you have an inventory driven business? Do you struggle turning raw materials into WIPs and Finished goods in a timely manner? Read here to find out how you can change that!
15 November 2021
Types of Inventory in Accounting and How They Work Inventory can be seem like a daunting task, knowing the difference between the types of inventory can be valuable for any business that has stock. Find out what they are and how they can help your business.