by Concrete Oxnard | Aug 30, 2023 | Bookkeeping
Holidays, weather, sporting events, and political events are just a few. Gift cards have a largely positive impact when you sell them, but they negatively impact cash as they’re redeemed. And, as restaurant owners and operators have recently learned, a pandemic with...
by Concrete Oxnard | Jan 25, 2023 | Bookkeeping
Because it works in a service business with low production costs, a legal service company, for example, claims a high gross margin accounting. The gross profit margin (also known as gross profit rate, or gross profit ratio) is a profitability metric that shows the...
by Concrete Oxnard | Sep 16, 2022 | Bookkeeping
Under FIFO, the purchase price of the goods begins with the price of the earliest goods purchased. If you sold more than that batch, you repeat the formula with the next earliest batch. You can use our online FIFO calculator and play with the number of products you...
by Concrete Oxnard | Jan 27, 2022 | Bookkeeping
From identifying where your business is growing to determining how profitable your company and specific products are, gross and net revenue paint the entire financial picture of your gross sales vs net sales business. When it comes to important financial metrics,...
