Accounting Tools

MAY 19, 2023

A well-managed organization minimizes its use of receivables , inventory , and fixed assets while still generating the largest-possible amount of revenue. Receivables Turnover Ratio The receivables turnover ratio is credit sales divided by average accounts receivable. The most common activity ratios are noted below.

Accounts Payable 40

Accounts Payable Accounts Payable Financial Statements Collections 40

Accounting Tools

JULY 17, 2023

Related Courses Constraint Management Inventory Management Purchasing Guidebook What is Materials Management? Materials management is a cluster of processes used to plan for and control the flow of inventory into, through, and out of a business.

40

40

Accounting Tools

SEPTEMBER 9, 2023

Related Courses Accounting for Inventory Inventory Management What is the Obsolete Inventory Percentage? The obsolete inventory percentage is used to derive that portion of inventory that is no longer usable.

Accounting 40

Accounting Accounting 40

Accounting Tools

OCTOBER 14, 2023

This can be achieved by such techniques as issuing less credit to customers , implementing just-in-time systems to avoid investing in inventory , and lengthening payment terms to suppliers. The lender should investigate further to see if the receivable and inventory figures may contain large amounts of obsolete items.

Financial Statements 40

Financial Statements Accounts Payable Accounts Payable Accounts Receivable 40

Accounting Tools

JULY 26, 2023

Related Courses Business Ratios Guidebook Inventory Management The Interpretation of Financial Statements What is Days Inventory Outstanding? Days inventory outstanding measures the average number of days required for a business to sell its inventory.

Financial Statements 40

Financial Statements 40

Accounting Tools

JULY 12, 2023

For example, a company that sells electronic downloads through a website may have an extremely high gross margin, since it does not sell any physical goods to which a cost might be assigned. Gross margin analysis should be accompanied by a consideration of the rate at which inventory turns over.

Financial Statements 40

Financial Statements Budgeting Financial Analysis 40

Accounting Tools

JULY 10, 2023

If the outcome of the calculation is high, this implies that management has minimized the use of debt to fund its asset requirements, which represents a conservative way to run the entity. If the company’s cash flows are variable, then the 67% ratio might be considered rather high.

Collections 40

Collections Financial Statements Accounts Receivable Accounts Receivable 40

Accounting Tools

SEPTEMBER 22, 2023

Related Courses Inventory Management Operations Management Supply Chain Management What is Supply Chain Management? A properly-functioning supply chain management system maximizes the efficiency of product flow, yielding a competitive advantage for every business connected to it.

Tax 40

Tax Computation Invoicing 40

Nanonets

MAY 8, 2023

Invoices can help businesses keep track of what was sold and manage their inventory by knowing when to order more products. This is because accounts receivable can be used to finance inventory, meaning businesses can order more stock without paying for it upfront. What is the accounts receivable turnover ratio?

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables AR 52

Nanonets

FEBRUARY 15, 2024

Specifications Type of Machinery: High-Efficiency CNC Machine Key Features: Advanced automation capabilities Energy-efficient operations Enhanced precision and speed Suppliers: Identified three leading suppliers offering the latest models that match our specifications.

Purchase Order 52

Purchase Order Invoicing Budgeting Collections 52

Accounting Tools

MARCH 5, 2024

What is Inventory Analysis? Inventory analysis is the examination of inventory to determine the optimum amount to keep on hand. Traditionally, this has been done by balancing the costs of ordering and holding inventory (known as the economic order quantity).

Customer Service 40

Customer Service Reconciling Accounting Accounting 40

Cloud Accounting Podcast

SEPTEMBER 1, 2020

Are you tired of repeating the cycle of exporting data from an accounting system, then importing it to Excel, only to repeat the process again and again and again when the data in the accounting system changes? Ever wish that you could just create a formula in Excel, and have it get the data from the accounting system automatically?

Payroll 40

Payroll Tax QuickBooks CPA 40