Bookkeeping

Accounts receivable is the amount of money a company has billed its customers but not yet collected. It's how a business can track the income it has accrued on its financial statements. Once the money has been accrual method of accounting paid, the company deducts...

If you switch to a cheaper material for your units or find ways to complete the same tasks with fewer labor hours, you’ll also save. These are all valid ways to cut fixed vs variable costs variable costs and increase your profit margins. A fixed cost is any business...