par PatrickBertrand | Mar 12, 2025 | Bookkeeping
By understanding and managing the LIFO Reserve effectively, businesses can make informed decisions regarding inventory levels, pricing strategies, and financial performance, ultimately optimizing their operations and profitability. This includes regular evaluation of...
par PatrickBertrand | Jan 8, 2025 | Bookkeeping
Our goal is to make you more efficient and profitable. The magic happens when our intuitive software and real, human support come together. Book a demo today to see what running your business is like with Bench. Regardless of the size or experience of your in-house...
par PatrickBertrand | Oct 17, 2024 | Bookkeeping
A higher current ratio generally indicates a greater ability to meet short-term obligations. By adding together the totals for current assets and current liabilities in the balance sheet, a very important figure can be calculated – working capital. Working capital...
par PatrickBertrand | Août 30, 2024 | Bookkeeping
This is because it is always worthwhile to invest in an opportunity in which there is enough net revenue to cover the initial cost. Jim estimates that the new buffing wheel will save 10 labor hours a week. Thus, at $250 a week, the buffer will have generated enough...
par PatrickBertrand | Juin 28, 2024 | Bookkeeping
By monitoring key performance indicators, such as click-through rates or conversion rates, companies can refine their advertisements and get the most out of their investments. A survey by Nielsen Global Connect showed that businesses with consistent ad spending have...
par PatrickBertrand | Mai 2, 2024 | Bookkeeping
Accurate cost behavior analysis ensures that the flexible budget remains realistic and useful. To compute the value of the flexible budget, multiply the variable cost per unit by the actual production volume. Here, the figure indicates that the variable costs of...
