Days Sales in Inventory: Formula + Best Practices
Inventory Days, also known as Days Sales of Inventory (DSI) or Days Inventory Outstanding (DIO), indicates the average time (in days) that a how long company takes to sell its inventory. This metric provides insights into inventory management efficiency and the liquidity of inventory assets. Efficient inventory management is often the difference between highly successful […]
Sales Efficiency: How to Calculate & Improve It Full Guide
Calculating Gross Profit from Net Sales involves deducting the total cost of goods sold (COGS) from the total revenue generated. If a business has any returns, allowances, or discounts then adjustments are made to identify and report net sales. Companies that sell goods and services on credit might also include the net credit purchases—also called […]
File taxes 2025: Welcome to tax season What to know
For example, a consultant who works in New York City but resides in Connecticut must carefully track days spent in the city to avoid being classified as a statutory resident. Maintaining detailed records, such as travel new york income tax logs or calendars, is essential for substantiating non-residency claims. According to the US tax authorities […]
Rule Of 72: What It Is And How To Calculate It
The Rule of 72 can illustrate how damaging small differences in fees can be. Secondly, the simple calculation does not consider things like inflation, fees, and taxes, which can drastically influence the final realized return of the investment. Where y is the years to double and r is the expected rate of return or interest […]
Solar Photovoltaic Technology Basics
By generating your electricity, you become less reliant on the grid, which can be especially beneficial during power outages or grid disruptions. With energy storage solutions like batteries, you can maintain a consistent power supply, ensuring that your essential appliances and systems continue to function even when the grid is down. One of the main […]
Solar Photovoltaic Technology Basics
By generating your electricity, you become less reliant on the grid, which can be especially beneficial during power outages or grid disruptions. With energy storage solutions like batteries, you can maintain a consistent power supply, ensuring that your essential appliances and systems continue to function even when the grid is down. One of the main […]
Revenue Per Share RPS: What Is It, Calculation & Importance
A publicly-traded company can directly influence how many shares it has outstanding. The number of shares outstanding of a company can be found in its quarterly or annual filings (10-Qs or 10-Ks). Obviously, those option holders in theory could exercise their options to create new shares. Should they do so, however, they would also contribute […]
Understanding Net Payment Terms for Business Growth
Many businesses offer early payment discounts for invoice payments before the due date. A common example is “2/10 net 30,” which means customers get 2% off if they pay the invoice within 10 days. Net terms resemble a loan, which is why they’re sometimes referred to as trade credit. The difference is that there’s no […]
Do I Need A CPA For My Small Business?
Most bookkeepers monitor cash flow, create budgets, and manage accounts payables and receivables. If you’re self-employed, you’ll pay self-employment taxes, which is a little different from small-business taxes and personal taxes. You can get more guidance on how to record and pay a small-business tax with your accounting software and tax professional. You already know […]
