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FIFO vs. LIFO method: Definitions, Differences, Examples, Advantages and Disadvantages
FIFO and LIFO are two accounting methods for valuing inventory. FIFO is considered to be superior, but LIFO also has its merits. This post discusses both methods and provides an example that...
6 Most Important Small Business Accounting Tips
Most successful small businesses have one thing in common. Their accounting records are error-free a...
The Best (Free) Accounting Software For CPAs, Accountants And Bookkeepers
Are you on the hunt for the best accounting software for CPAs, accountants and bookkeepers? Preferab...
5 Myths of Cloud-Based Accounting Software: Debunked
The cloud allows you to access to your data in real-time and from anywhere with an internet connecti...
How to Keep Accounting Data Secure When Working From Home
What do you get when you cross work-from-home orders and highly confidential accounting data? An opp...
What Makes Cloud Accounting Software So Great?
Understanding where a file goes when you save it to your PC is a fairly simple concept. It lives on ...
How Much Inventory Do I Need For My Small Business?
Business owners and financial managers need to control inventory levels. Establishing the right inve...
11 Ways to Spend Leftover Accounting Inventory Budget
It’s the time of year for daydreaming about creatively using leftovers. What if we apply some of tha...
When To Start Saving For Retirement And The Mindset Behind It
Experts offer advice on retirement plans, investments, tax law, and when to start saving for retirem...
Tax Laws, Regulations And Other Market Changes Coming In 2021
Many economic changes are expected for 2021; it would be smart to make plans for your business accor...
How Changes Of Minimum Wage Laws Affect Your Business?
The 2021 laws regarding increases to the minimum wage may raise the hourly pay rate from the current...
5 Great Reasons To Switch To Cloud Based Accounting
From tech experts to small business insiders, everyone is talking about how 2021 is the year that bu...
Protect and Preserve What You’ve Built
One of the biggest fears of any business owner is the lack of reliable, consistent clientele. You ma...
5 Ways Modern Accounting Software Makes Your Old Bookkeeping Abandoned
Relationship experts say that you never truly get over a lost love until you meet someone new. That’...
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