Remove blog what-is-cogs
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HOW TO BREAKOUT SHOPIFY FEES FOR ACCURATE FINANCIALS

Basis 365

In this blog post, we'll discuss how to break out Shopify fees for accurate financials and the benefits of outsourced e-commerce accounting. Understanding Shopify Fees Before we dive into breaking out Shopify fees in your financials, it's essential to understand what they are and how they're charged. to 2% per transaction.

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The Best Tips for Inventory Management for Small Business

Snyder

The first step is to know what’s in-and out of stock with an accurate inventory management system. You can’t manage what you don’t understand! Introduction: What is inventory management? What is an inventory management system? What is the first step of inventory management? Contents: 1.

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Top 5 ways to convert tax return clients into retainer clients

ThomsonReuters

Get to know the business’s tax and accounting needs It’s important to get a deep, intimate understanding of your client’s business, so you can know what they need and provide it. What are your biggest financial pain points? Have you performed a strategic review of your COGS (cost of goods sold) in the last few months?

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Automation Will Replace Accountants Who Don’t Even Want Their Jobs, Says Guy

Going Concern

Jim Cutler might have liked to lighten the firm’s payroll by letting the computer do the work of dozens of people but really the computer’s purpose was as a complement to the various cogs in the advertising machine. Just visit r/aifreakout and you can see what I mean. Oh hey isn’t that a meme?

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Handling Advanced Inventory Tracking Using QuickBooks Online

SchoolofBookkeeping

There are countless (see what I did there) options when it comes to business practices in terms of inventory tracking. It’s a Pandora’s box that deserves a blog of its own, but needs to be mentioned. But time, technology, the evolution of the internet, have changed that and it’s worth looking into again.

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Using a cleanup checklist for successful QBO cleanups

5 Minute Bookkeeping

Watch the video below or keep reading to see what a cleanup checklist can do for you. First things first, what is a cleanup? What is a QuickBooks Online cleanup? Let’s define what I’m talking about just to make sure that we’re all on the same page. What order should I work in? Client information.

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Boost Your Financial Performance: Reports Your FP&A Team Needs

Acterys

In this blog, we look at three main reporting types that FP&A teams must use to monitor the financial health and performance of a business. Types of Financial Reports for FP&A Teams One of the main responsibilities of an FP&A team is to assess the financial well-being of a company by compiling reports.