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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...
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Business Accounting Explained

Having a good understanding of business accounting is essential to run a successful company. Even wi...
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101-A Beginner's Guide to Bookkeeping

This article describes the bookkeeping process, whether it is performed by bookkeepers, accountants,...
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What Are The Software Needs Of Accounting Firms?

Businesses of all sizes depend on accounting firms to help them manage their financial needs. To pro...
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Best Inventory Management Software 2020

Keeping an accurate inventory is essential for almost any business. Whether you are in retail, whole...
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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...
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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...
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How To Choose the Best Church Accounting Software?

Churches are places to gather and come together to achieve a purpose and help their surrounding comm...
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Save Time And Money With Inventory Management Accounting Software

Want to save some time and money for your business? Throw out your inventory management software and...
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Accounting For Every Dollar

Are you looking for ways to improve your bottom line, but not sure where to begin? An easy place to ...
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5 Steps to Building Highly Profitable Accounting Services

You’re providing value to your customers with client accounting services - so why aren’t you making ...
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The Battle of Accounting Software: ZarMoney vs. QuickBooks

Quickbook has been a staple among small business bookkeeping software for quite some time. But a new...
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