Inventory turnover ratio ITR definition, explanation, formula, example and interpretation

A higher ratio is more desirable than a low ratio becau…

What is Inventory? Definition, Importance, Examples & Types

MRO goods can include things like employee uniforms, cl…

What happens if I change the retained earnings account?

Lenders are interested in knowing the company’s ability…

Accounting Equation: What It Is and How You Calculate It

It includes capital contributed by owners (common stock…

Free gross margin and contribution margin calculator

When a business registers a higher contribution margin …

Economic Order Quantity: EOQ Formula + Excel Guide

For multiple products, adjustments or different invento…

Bookkeeper360: Bookkeeper360 Review: Pricing, Features, and Top Alternatives

Moreover, it integrates with two of our best small…

Adjusting Entries In Accounting Beginner’s Guide

These expenses typically arise when services are receiv…

Phoenix CPA Pros & Arizona Accounting Firm

Our Phoenix office provides tax, accounting, and busine…

Surely I have to be good at maths to study accounting?

Accounting software is designed to simplify complex pro…