What is Inventory Turnover Ratio? An inventory turnover ratio is the rate at which your inventory is sold. The time taken to sell the inventory from when it was purchased is what referred to as the inventory turnover ratio. Basically, it’s an indicator of how quickly your products are sold and how much time they… Continue reading Inventory Turnover Ratio: How to Calculate, Formula & Tips

What is Vendor Fraud? Vendor fraud is fraudulent actions made by suppliers, contractors, or even employees colluding with one of those parties to steal money or to obtain financial remuneration from an enterprise. This takes place by influencing the procurement process or the billing or vendor payment process, and is often done through weak internal… Continue reading Vendor Fraud Explained: 5 Key Types and How to Prevent Them

💡Fact File According to Forbes, the average highest expenses of companies were observed at $575,300 in April 2024. What Is a Variable Expense? Variable expenses refer to costs that fluctuate in accordance with the company’s production. In simple words, the variable expenses increase as the production level rises. Additionally, it decreases with production levels. Material… Continue reading What Is Variable Expense Ratio? How to Calculate It?

What is the Order to Cash (O2C) Process? Let’s break it down in simple terms. The Order to Cash process is the end-to-end process by which a business receives an order from a customer, fulfills that order, and then receives payment for it. It begins the minute your sales force earns a thumbs-up from a… Continue reading Order to Cash (O2C) Process: Meaning, Steps & Real-World Examples

Defining YTD Meaning & What Does YTD Stand for? YTD stands for Year-to-Date, referring to the period between the start of the calendar year or fiscal year and the current day. It is useful for analyzing business trends and performance. Also, it is useful for comparing performance data with that of competitors. Professionals can analyze… Continue reading Year to Date: What Does It Mean and How to Calculate It?

What Is the Average Cost of Roof Replacement in California? The average cost of replacing a roof in California ranges from $9,000 to $22,000. This cost can range from $27,000 to more, depending on the location & other factors. To cover a 1,700-square-foot area. A single roof investment could be as high as $15,000. Several… Continue reading How Much Does It Cost to Replace a Roof in California?

What are Concierge Services? Concierge services are all about helping people save time by handling tasks they either can’t do, don’t want to do, or simply don’t have time for. Think of them as modern-day personal assistants – except they’re often on-demand, highly personalized, and available to both individuals and businesses. The word “concierge” originates… Continue reading How to Start a Concierge Business? A Detailed Guide

What is a PO System? A PO system is an automated tool specifically designed to help businesses manage their purchase orders. The PO system has the ability to replace manual PO work as it saves time and is less error-prone. No more long paper forms, spreadsheets, or long-threaded emails; a PO system keeps everything organized.… Continue reading What is a Purchase Order System? How Does a PO System Work?

A. Digital Marketing Jobs – Best Remote Freelance Jobs 1. Social Media Specialist Pay rate: $15 – $35 per hour Social media specialist, one of the easiest and best freelance jobs for beginners, is up for grabs for someone who enjoys social media marketing. Every small and big company wants to promote their products or… Continue reading 11 Best Freelance Jobs for Beginners to Earn More Money