Obsolete Inventory Definition

Be aware of the tax implications and consider the financial impact on your business before making this decision. Writing off inventory can provide some relief and allow you to focus on more successful products. Everyone loves a bargain, so discounted sales and...

Financial Ratios Complete List and Guide to All Financial Ratios

Return on assets, or ROA, is a metric expressed as a percentage for measuring the performance of a company or other investment. The better its ROA, the more efficiently a company may be using its invested resources. A lower ROA may indicate a company that, while still...

What is Job Order Costing? Definition, Importance, Formula

All manufacturing, or product costs, that are not direct material or direct labor, are recorded in the Manufacturing Overhead account. Direct material and direct labor are applied directly to the jobs and do not flow through the Manufacturing Overhead account. When...

8 Best Real Estate Accounting Software Updated for 2023

Overall, Buildium is a comprehensive property management solution that provides powerful accounting features, seamless integration options, and user-friendly interfaces. In addition, ERP software often includes a customer real estate accounting relationship management...