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Net Profit Margin Calculator

The net profit margin is equal to net profit (also known as net income) divided by total revenue, expressed as a percentage. Some industries — like food services — have high overhead costs and by extension low profit margins. Professional services industries — like accounting and attorneys — have lower overhead costs which result in […]

Cost of Sales Definition, Formula, and Examples

For example, airlines and hotels are primarily providers of services such as transport and lodging, respectively, yet they also sell gifts, food, beverages, and other items. These items are definitely considered goods, and these companies certainly have inventories of such goods. Both of these industries can list COGS on their income statements and claim them […]

Variable Cost Formula + Calculator

The key difference between variable and fixed costs is flexibility (or variability). While fixed costs remain constant, variable costs change directly with output. Understanding the behaviour of variable vs. fixed costs is essential for apt budgeting, pricing decisions, and measuring operational efficiency. Managers can control variable costs more easily in the short-run by adjusting […]

Memo debit definition

Instead of a traditional transaction, an adjustment is notified to you via a debit memo. A debit memo or debit note is a notice that clients receive when their account balance how to reconcile supplier invoices has decreased and needs to be rectified. However, it is useful for sellers to send it to purchasers with […]

Small Business Accounting Services: LYFE Accounting

Controller services help you oversee the accounting operations of your business. This can help your bookkeeping process, record complex journal entries, and review financial reporting to ensure accuracy. Small businesses often work with tax advisors to help prepare their tax returns, file them and make sure they’re taking advantage of small-business tax deductions. Though […]

TOP 10 BEST Bookkeeping Services in Dallas, TX Updated 2024

They charge the same rates as independent bookkeepers in Dallas while providing you with the support of a substantial company. Would you hire a freelance bookkeeper to handle your payroll or specialized businesses like Paychex, ADP, or Intuit? Most likely, these big businesses offer you comfort for the same or less money than a freelance […]