Bookkeeping

Ariel has yet to receive money from a customer who purchased a bracelet for $100 a year ago. After repeated attempts to reach the customer, Ariel concludes that she will never receive her $100 and chooses to close the account. Bad debt, or the inability to collect money owed to you, is an unfortunate reality […]

This, in turn, impacts the accuracy of financial statements and key performance indicators. Comparing the different cost flow methods, it becomes evident that there is no one-size-fits-all solution. Each method has its own advantages and disadvantages, and the best option depends on the specific circumstances of the business. For businesses with stable or rising costs,