The Cost of Goods Sold formula (COGS) is a fundamental tool for businesses to measure profitability and make informed financial decisions.
Accounting & Software Solutions
Bookkeeping for Etsy accounting and Etsy Sellers
Managing your Etsy accounting when you have an Etsy store can be creatively rewarding, but keeping track of your finances is fundamental if not vital to sustainable success.
What Is An Inventory? Definition, Examples, Tips
Effective inventory management is crucial for businesses, especially for an ecommerce business, aiming to optimize their operations and boost profitability. As a business advisor with extensive experience in guiding companies towards growth, I’ve witnessed firsthand the impact of well-executed inventory strategies on a company’s bottom line.
Warning : This chart of accounts mistake could cost your business thousands
Creating a well-structured chart of accounts is essential for effective financial management in any consulting firm. An income statement account is essential for summarizing a business’s revenue and expenses over time.
Success Accounting: The Path to Financial Mastery
The Vital Role of Accounting in Business In today’s fast-paced and constantly evolving business...
The importance of cash management
What is cash management in accounting and why is it important? Cash management is a crucial aspect...
Cost accounting for a startup
Cost accounting for a startup, also known as management accounting, allows you to track costs and...
Raising funds for a startup: What is the role of a chartered accountant?
Raising funds for a start-up is a decisive step for an entrepreneur. In this context, what is the role of a chartered accountant? Over the last three years, fundraising in France has reached an impressive €31 billion. For entrepreneurs and startups, this figure is more than just a statistic – it’s a reflection of a dynamic, fast-growing ecosystem. Private equity investors inject millions of euros into innovative projects, propelling technology and startups to the forefront of the world stage.
Accounting for Climate Change
Accounting for Climate Change: An In-Depth Analysis Climate change has rapidly become one of the...
Cost of goods sold (COGS)
Understanding the Cost of Goods Sold (COGS) Cost of Goods Sold (COGS) is a central concept in...
How To Book Keep Your Company
Effective bookkeeping serves as the foundation of any successful business, ensuring that financial records are accurate, organized, and current. Accounting software like Finotor and accounting automation software can help you efficiently with the best accounting teams and finance teams. QuickBooks Online is a versatile accounting solution that integrates with other platforms. Bookkeep your company with accounting automation tools can focus on providing strategic insights and advisory services. This shift enhances their value within organizations.
What is Customer Lifetime Value (CLV)?
What is Customer Lifetime Value (CLV)? What is Customer Lifetime Value (CLV)? Customer Lifetime...