<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1674501896101296&amp;ev=PageView&amp;noscript=1">

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...
Continue Reading

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...
Continue Reading

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...
Continue Reading

How Much Inventory Do I Need For My Small Business?

Business owners and financial managers need to control inventory levels. Establishing the right inve...
Continue Reading

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...
Continue Reading

5 Common Accounting Mistakes To Avoid With Your Inventory Management System

Managing inventory is essential in business. In retail, excellent inventory management determines a ...
Continue Reading

5 Most Important Things to Know When Hiring Your First Employee

For most business owners, the realization eventually hits that there’s just too much for one person ...
Continue Reading

7 Ways to Protect Your Small Business From Fraud

It’s an unfortunate fact of life, but the hard work you put into building up a successful business m...
Continue Reading

Related Posts