To determine the value of ending inventory and, ultimately, margins, many retailers have stuck with an accounting practice known as the retail inventory method — in some cases for more than 100 ...

Account reconciliation made simple: what it is, how it works, and the types you need to know to close your books confidently.

Differential cost analysis focuses your attention on the expense side of the equation. For example, a company might engage in differential analysis in accounting when deciding where to outsource ...

Accountants use self-balancing accounts as part of a record-keeping system that automatically generates offsetting accounting entries. The accounting process relies on balancing entries. Companies ...

Transferred-in costs are the expenses passed along from previous departments or steps in a company's production cycle.

Analysis of cost accounting with a strategic emphasis. Selected topics include job costing, activity-based costing, variance analysis, joint cost allocations, and the use of relevant cost in business ...

Mark is an expert in maintenance management, having racked up an impressive track record during his time working in the field ...

Digital health interventions (DHIs) show promise for the treatment of mental health disorders. However, existing ...

Zoho Books is our pick for the best accounting software for microbusinesses. It is affordable and offers a simple online accounting app that lets you create and send invoices, track expenses, and ...

Aging is an accounting method to assess a company's unpaid invoices according to how long they have been outstanding. Learn how it is used to measure financial health.

Maximize your recruiting dollars with a step-by-step onboarding process. Our sample onboarding steps and how to create an onboarding process guide will get you started.

Learn four best cost accounting principles to reduce costs, improve efficiency, and increase profitability and customer value.