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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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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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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 to Succesfuly Prospect On Social Media? By This Simple 4-Step Formula

Tapping into social networks to generate and cultivate leads in a mutually beneficial way provides a...
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The 5 Most Common Ways To Adjust Accounting Entries

At the end of any accounting period, it’s crucial to make adjusting entries to your accounting journ...
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The Largest Trends in Invoicing Software Programs for 2021

A significant portion of small businesses struggle to stay on top of their financial and reporting r...
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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...
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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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