Finance and accounting tools, tips, guides, templates and more.
Drafting Business Budgets Many entrepreneurs are launching a business without the prior careful analysis of the financial plan. They reason that they need just to sell enough products to create the profitable business but that’s rare enough to be profitable. … Continued
Monthly Financial Reports Templates The Monthly Financial Reports provide interested parties with the most up-to-date information on your company’s financial performance. Making monthly financial reports summarizes your company’s results over a period of a month. Monthly financial reporting lets you … Continued
Tracking Inventories of Packaging Materials When you deliver products, you not only need to keep track of product inventories, but also inventories. All the packing materials could be cause for waste in addition to duplicate costs. To cope with the … Continued
Contribution Margin Analysis Pros and Cons Contribution margin analysis strategy is approach which makes use of contribution margin, the firm’s product revenue minus variable costs – to evaluate the connection among cost, quantity along with their profit mainly because these … Continued
Cost Models Primarily based cost model information must be applied in defining the finest product – mix of company and grows new product – mix decision model appropriately. The model created provides the fix for by incorporating capability – linked … Continued
ABC System That team must be chosen and allocated to project full-time. Just about all team associates should be open – minded, educated about organization’s operations and highly regarded. Lean accounting approaches are created lately to supply related and thorough … Continued
Financial and HR Management ERP Software In the past business management approaches used to consider financial management and human resources management as being a support activities and functions. However these days it is clear how businesses can gain competitive advatnage … Continued
Manufacturing Cost Accounting Systems Accounting Systems for Manufacturing Companies: Small businesses have many choices in selecting a manufacturing production system. Although some are more appropriate for decision making other are used for outside financial reporting systems – they are being … Continued
Event Budgeting Template The budget is among the biggest challenges facing the event planners and the cause of most of the money issues can be tracked back to initial stages of the plan. It is often best to start designing … Continued
Strategic Cost Management Initiatives Cost management in the industry is the real plan that can lead to greater profitability. The good thing is that once cost management initiatives are set in place they are very easy to run and manage. … Continued