February 22, 2022
Charles Lutwidge
Payroll Expense: Meaning and Calculation
Employee costs Most business owners cannot immediately answer how much each employee costs them. As a rule, they ignore this topic, pointing to the lack of time and doubts that this will somehow help optimize the business. However, these costs...
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February 21, 2022
Charles Lutwidge
Just in Time Inventory: Basics and Implementation
Overview The emergence of this concept dates back to the late 1950s, when the Japanese company Toyota Motors, and then other automobile manufacturers in Japan began to actively implement the KANBAN system. The original goal of the JIT concept was...
February 18, 2022
Charles Lutwidge
Accrued Vacation Pay: Meaning and Calculation
Overview Every employee deserves to get some rest from work. Many employers offer their employees paid vacation time. This means that the employee will continue to receive their salary or be paid wages as if they worked a normal day...
February 17, 2022
Charles Lutwidge
What Is Days Sales Outstanding?
Definition Selling products and services on credit is almost a must these days if you want to have more customers and generate more money. Unfortunately, making a sale is only half of the work. The other half is making the...
February 16, 2022
Charles Lutwidge
What is Equity Multiplier?
Definition The equity multiplier, which represents what part of all of the company’s available assets were acquired thanks to the equity. It shows how well a company is doing in regards to its debt management strategy. To find the value...
February 15, 2022
Charles Lutwidge
What Is Consolidation Accounting?
Definition Large enterprises are often groups of enterprises that include a parent company and subsidiaries. The creation of groups of enterprises opens up wide opportunities for the members of the group. So, for example, thanks to intra-group operations, there are...
February 14, 2022
Charles LutwidgeWhat to Do If You Missed 1099 Deadline
Small businesses often use the services of contractors or non-employees to save the budget. But in that case, they have to file a 1099 form to the IRS. Study the article to learn what are 1099 forms. What is a...
February 11, 2022
Charles Lutwidge
What Is Expense Management and Why Is It Important
Managing business expenses is a must for every business, organization, and even self-employed person. It’s a rather tedious and challenging process, even if a business is small. It is possible to track expenses manually or with the aid of software....
