eBay Dropshipping: Benefits, How It Works & What to Expect Running an online business has become one the largest trends of the last decade, and people have slowly grown accustomed to getting everything and anything they need without having to go to offline stores and shops. This has, in turn, required entrepreneurs and online businesses […]
One of the most important calculations to factor in when running a business is the concept of margin. A margin calculator is bound to be your best friend when calculating an item’s revenue. Defining the gross margin of an item is relatively easy to understand and has a straightforward method that directly influences the core elements of […]
Days sales in inventory, also known as inventory outstanding, refer to the number of days it takes for stock to turn into sales. While the days in inventory formula may vary from sector to sector, the general rule of thumb is the lower the days sales in inventory, the more optimal inventory management is. The days […]
 Forecasting: What is Forecasting and Why is it Important for Businesses Today’s business world requires an agile strategy interpretation and an effective operational management system in order to evolve beside the rapidly changing business climate. At this stage, forecasting comes into play and enables companies to plan ahead for unexpected events. Here you can find […]
A perpetual inventory system is an inventory management accounting method designed to update all the relevant information regarding the company’s accounting process. Perpetual inventory records real-time transactions that have been received or transactions related to sold stock. While this method is usually considered more efficient and handy than a periodic inventory system, it also involves updating and tracking inventory […]
Ending Inventory Key Takeaways If you’re an interested businessman and sell goods, you’ve most probably heard about “ending inventory” This term explains the total value of products a company still has for sale at the end of an accounting period. It is a piece of vital information for businesses not only for the chance of […]
