1207, 2023

Controller vs CFO: 6 Key Differences to Understand

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July 12, 2023
Bookkeeping
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We’ll also provide advice on ways to reduce costs and improve revenue. CFOs and financial controllers usually come from an accounting background and start off as accountants. The accountant’s role is that of record-keeping and financial reporting. Some call it, somewhat tongue-in-cheek, scorekeeping or bean-counting. In a business, the chief financial officer (CFO) and controller work closely together. A controller prepares financial reports like income statements and balance sheets. They also monitor

0607, 2023

Voucher Definition & Meaning

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July 6, 2023
Bookkeeping
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18

They are also called source documents as they help in identifying the source of a transaction. A few examples of vouchers include bill receipts, cash memos, pay-in-slips, checks, an invoice, a debit or credit note. The voucher, which is a cover page that explains the attached documents, includes the purchase order, shipping receipt, and the invoice. The purchase amount is added and recorded to accounts payable on the balance sheet until

1302, 2023

Comerica expects net interest income to decline in Q4

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February 13, 2023
Bookkeeping
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Revenue rose to $25.2 billion from $24.5 billion in the year-ago quarter and was slightly ahead of the FactSet consensus of $25.13 billion. Provision for credit losses was $1.38B, less than the Visible Alpha consensus of $2.52B, and compared with $2.90B in Q2 and $1.53B in Q3 2022. Q3 EPS of $4.33, vs. the average analyst estimate of $3.97, fell from $4.75 in Q2 and rose from $3.12 in Q3

2511, 2022

QuickBooks Online Level 1 U S. Small Business Administration

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November 25, 2022
Bookkeeping
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We’ve analyzed the best bookkeeping services to help you find the right solution quickly and easily. We selected these services based on their service options, pricing, customer service, reputation and more. More questions about accounting software, online tax and payroll services, or anything else to do with bookkeeping services? One thing you should not skip is finding a great business banking account. Azlo offers a free, online business checking account

1710, 2022

Fixed Costs Overview, Production Costs, Example

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October 17, 2022
Bookkeeping
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For example, additional machinery may need to be purchased to add production capacity. In addition to financial statement reporting, most companies closely follow their cost structures through independent cost structure statements and dashboards. In this case at a production level of 1,000 units the FC per unit is 120. Companies with business models characterized as having high operating leverage can profit more from each incremental dollar of revenue generated beyond the break-even

0407, 2022

10 Greatest Sales Books of All Time You Should Read as of 2023

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July 4, 2022
Bookkeeping
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In this book, you’ll learn more about inbound sales, including a step-by-step approach for inbound sales professionals and what it means to lead a team of inbound sellers. There are hundreds of thousands of books about sales, but only a few that stood the test of time. If you plan on being a serious salesperson we highly recommend picking up a few of the classical books on selling in order

0802, 2022

Gross Profit Percentage Definition & Formula

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February 8, 2022
Bookkeeping
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This means that for every dollar Apple generated in sales, the company generated 43 cents in gross profit before other business expenses were paid. A higher ratio is usually preferred, as this would indicate that the company is selling inventory for a higher profit. Gross profit margin provides a general indication of a company’s profitability, but it is not a precise measurement. In the last fiscal year, Real Estate Rules, LLC had a gross profit percentage