People, myself included, are generally more hesitant with taking credit cards for business on anything major… and I don’t blame them! There’s typically a 2% charge on sales. However, if you use your credit cards the correct way, it may be worth considering. To save you time and risk, here’s a few things that we learned from using
See Also: Net Profit Margin Ratio Gross Profit Margin Opportunity Profit Margin Ratio Financial Ratios Net Income What is Profitability Index (PI)? Net Profit Margin Definition The net profit margin, also known as net margin, indicates how much net income a company makes with total sales achieved. A higher net profit margin means that a
See Also: Margin vs Markup Markup Percentage Calculation Retail Markup Gross Profit Margin Ratio Analysis Net Profit Margin Analysis Margin Percentage Definition Gross margin defined is Gross Profit/Sales Price. All items needed to calculate the gross margin percentage can be found on the income statement. The margin percentage often refers to sales or profitability which
How to Maintain an Effective Job Schedule Accounting’s main function in Construction is to properly manage the financial stability of the organization. One of the tools that accounting uses to do this is the construction job schedule. This schedule shows the performance of each construction job. Project management works with accounting to furnish the contract
COGS and the Balance Sheets for a Service Based Business If you are running a business with inventory, it’s easy to understand the G in COGS (Cost of Goods Sold). But if your Goods are employee time, how do you note your goods in the P&Ls? How do you list the time on your balance
See Also: Value Drivers: Building Reliable Systems to Sustain Growth Mining the Balance Sheet for Working Capital Inventory to Working Capital How to Run an Effective Meeting How to evaluate IT systems Are You Collecting Business Data? It seems simple enough. You’re making a decent gross profit. You know who your customers are, you know
“It seems simple enough. You’re making a decent gross profit. You know who your customers are, you know how much you are charging them for your product and you know how much they are buying. So no worries, right? Are You Collecting the Data You Need to Run Your Business? Well, do you know how
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