دسته: Bookkeeping

The economics of a taproom vs distribution for craft breweries

However, don’t forget to mind your product margins as you’re growing sales. The wholesaler, retailer, and brewery are making their required margins. This template is useful when pricing new beers so that you can achieve necessary financial targets. The beer wholesaler, retailer, and brewery need to make a proper margin in order to stay profitable […]

Outsourcing Vs In-House Accounting Whats Right for Your Business?

With no external oversight and a “we’ve always done it this way” mentality, there is no room for improvement or even validation that things are done correctly. Traditionally, in-house accounting and bookkeeping were the default option for many companies — particularly small ones. CEOs and business owners felt this was the best way to keep […]

How to do bookkeeping for painting contractor?

These programs tend to generate customer loyalty and can encourage word-of-mouth marketing that helps your business grow. Additionally, you should ask permission to snap pictures of completed projects, particularly if you’re working in a private residence. You can add these images to your website or social media profiles to show off the quality of your […]

What is the difference between Notes Payable and Accounts Payable?

For the interest that accrues, you’ll also need to record the amount in your Interest Expense and Interest Payable accounts. There are other instances when notes payable or a promissory note can be issued, depending on the type of business you have. If the borrower decides to pay the loan before the due date of […]

Static Budget Definition, Limitations, vs a Flexible Budget

However the most important role of the static budget is that it acts as a good cash management tool. This is because the static budget can be used to monitor and prevent an organization from exceeding its anticipated expenses. A static budget remains unchanged for the duration of the period and does not take changes […]

Residual Value Meaning, Use Cases, and Example Calculations

Residual income is calculated as operating income minus desired income or minimum income required. An asset’s disposal costs include expenses directly related to the disposal of the asset. When these two estimated figures– salvage value and disposal costs– have been determined, the residual value can be calculated. Residual value calculations may vary slightly by industry, […]

Designing Factory Building: 10 Considerations

Building design varies with the type of product to be manufactured and the equipment utilised. Visit the API catalog often to see the latest NVIDIA NIM microservices for vision, retrieval, 3D, digital biology, and more. Note that an NVIDIA AI Enterprise License is required to download and use NIM. Using a single optimized container, you […]

How to Price a Bond: An Introduction to Bond Valuation

Because income from most bonds is fixed, such instruments can have their values eroded by external factors such as interest rates and inflation. If market interest rates fall to 4%, the value of the bond will rise and the bond trade above par since the 5% coupon rate is more attractive than 4%. If a […]