Courtney joined ProLedge Inc. in 2011 and soon became VP of Operations. She provides administrative, technology, and client related support for the entire Proledge team. Every bookkeeper on our business’s team is a fully qualified and competent professional. Our QuickBooks experts are always available to provide you with the support you need in implementing the…

You may also want to consider using a software program or online tool to help you track your purchases. This can help eliminate the possibility of mistakes being made in the journal. For example, there is company B ltd, which is manufacturing and selling watches in the market on a large scale. On 1st July…

As an investor, it’s smart to look at key financial metrics to make well-informed decisions about the companies you add to your portfolio. One important metric is the gross profit margin, which you can calculate by subtracting the cost of goods sold from a company’s revenue. Gross profit percentage is a measure of profitability that…

The use of the term “reserve” in this concept is discouraged, since it implies the recordation of a contra asset against the inventory line item in the balance sheet. In a persistently deflationary environment, it is possible for the LIFO reserve to have a negative balance, which is caused by the LIFO inventory valuation being…