Bookkeeping

Journal Entry for Prior Year Adjustment Example

It’s crucial to ensure the accuracy of all financial transactions and records at all times. The quicker the error is corrected, the less impact it is likely to have on the business’s financial standing and decision making. A correcting entry in accounting fixes a mistake posted in your books. For…

gross margin definition 6

Gross Margin: Formula, Definition, and How to Calculate Gross profit margin is a vital metric that quantifies the proportion of total revenue that exceeds the cost of goods sold (COGS). However, multiple factors can impact this figure, both internally and externally. Understanding gross margin is essential for investors, business owners,…

5 tips on how to hire employees with no money 6

Hiring an Employee with No Money: A Comprehensive Guide I was able to explore different areas of marketing and found out more core skills. Outsourcing to the Philippines is cost-effective for startups, particularly those based in high-cost regions like the US, UK, or Australia. Hiring employees for your startup is…