If you are involved in hiring suppliers for your business, a price quote is a necessity. The same can be said for the suppliers. It is the suppliers’ job to provide price quotes to potential clients so that the clients know just how much a job or a product costs in order to make adequate …
Deferred taxes are created when taxes are paid but not yet reflected in the income statement. Calculating this is important so you may use your deferred taxes to carry over to your future income tax expenses. Whether you are a business owner, a self-employed professional or employee, you need to know your deferred tax rate in order …
If there’s a pie chart, there’s also a donut chart. A donut chart is actually similar to a pie chart, only it has a hole in the middle, Using Excel, you can easily and conveniently turn your numerical data into a donut chart, and then use formatting and style features to customize your chart.
As a business owner or manager involved in sales of products or services, you would know the crucial part a cost of sales analysis plays in your sales strategy and the whole sales process. A cost of sales analysis includes the costs that are directly attributed to the production of goods or supply of services that …
If you are in sales or business in general, then you know the importance of a sales pipeline. A sales pipeline is one of the most valuable and important indicators of a company’s health in terms of finances. From the term itself, it is a visual and systematic approach to selling your products or services, …
Whatever industry you are involved in, you may often find the need to keep a logbook. Whether you are in security, airline transportation, maritime transportation, engineering, science, research, or any other field, keeping a logbook is crucial in accomplishing your tasks and succeeding in them. Log books must be maintained consistently and methodically to keep …
If you are involved in sales and get incentives for your figures, then you know how important it is to create accurate and timely monthly sales reports. As a sales agent, you need to be able to meet sales goals, as well as predict your sales in the succeeding months based on the sales trends. …
Hiring the services of a third-party designer and printer can cost you a lot, especially if you are producing hundreds of calendars to give to your clients, customers, partners and suppliers. There has to be a far more economical way, right?
Companies, especially those who are selling finished products or supplies in order to operate and do business, will often keep an inventory to ensure that everything is in proper order and that they are within certain quality standards and fiscal considerations. Furthermore, keeping an accurate inventory, such as a warehouse inventory, helps in a lot of a …
Companies have opening day balance sheets to keep track of various aspects of their finances such as assets, liabilities, and owner’s equity. It is called a balance sheet because your assets must be equal to your liabilities and owner’s equity, maintaining balance. This can be tricky when you don’t have much of an accounting background, …
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