Unearned revenue is recorded whenever a customer pays for a service or product before they receive it. Your business receives the money upfront, and then does
If the inventory value included in COGS is relatively high, then this will place downward pressure on the company’s gross profit. For this reason, companies
The RUN Mobile app is available to download from the Google Play store for Android or the Apple App Store for iPhone. The RUN Mobile
Conversely, your inventory team might overstock slow-moving items, tying up valuable cash flow and storage space. That lack of communication disrupts the harmony of the
Learn how to calculate and report bond interest expense, including the implications of different bond types and amortization methods. Things that are resources owned by
Contra accounts are used to track reductions in the value of assets, liabilities, equity, or revenue and provide a more accurate picture of a company’s