Understanding and setting the right reorder point for your inventory can benefit income summary your business greatly. Whether you’re just starting out with reorder points or fine-tuning them, inFlow can help! The best part is that using inFlow can help with so much more than just reorder points. This allows your individual locations to have […]
If you want to hire a new marketing director, you can look up salary trends to discover how much you need to pay them. Good communication between the program, finance, and development departments and the board is key to monitoring the budget during the year. These projects probably won’t be delivered every year, so separating […]
That transaction would be recorded in the “Office Equipment” account for the pens bought and also a reduction in the “Cash” account for the payment made. Accrual accounting software automates tracking, ensuring precision and efficiency. Real-time financial record updates enable seamless reporting and strategic decision-making. Examples of Long-Term Liabilities Samsung Electronics is an excellent example, […]
Long-term solvency of a company is determined by its ability to pay the long-term liabilities. We take monthly bookkeeping off your plate and deliver you your financial statements by the 15th or 20th of each month. Contingent means something that happens only if specific circumstances or conditions are present. A contingent liability, therefore, exists only […]
