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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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5 Reasons Why Cloud Accounting is Leading the Way

The accounting industry has changed quite a bit over the past decade. Thanks to cloud-based technolo...
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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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