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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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6 Most Important Small Business Accounting Tips

Most successful small businesses have one thing in common. Their accounting records are error-free a...
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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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A Business Owner's Guide to Accounting Methods

Tracking your revenues and earnings is one of the most important functions of operating your busines...
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The Types Of Financial Statements And Why Each Is Important

Your company’s financial statements provide you with a wealth of information. They help you control ...
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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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How Much Inventory Do I Need For My Small Business?

Business owners and financial managers need to control inventory levels. Establishing the right inve...
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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...
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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...
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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...
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The Best Ways to Secure More Business Funding For Your Company

Running a business is a full-time job, even if you do have ZarMoney cloud accounting to make your jo...
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How Obamacare Rules Impact Your Business

It’s clear that 2016 could be a pivotal year for many small businesses, as the Affordable Care Act (...
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