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ELogii has a market-leading blog and resources centre designed specifically to help business across countless distribution and field-services sub sectors worldwide to succeed with actionable content and tips. To boost your stock turnover even more, it’s worth going beyond basic calculations and using statistical demand models to predict demand changes. This means goods are […] In grocery stores, unprepared food items are not taxed but vitamins and all other items are. Ready-to-eat hot foods, whether sold by supermarkets or other vendors, are taxed. As an exception, hot beverages and bakery items are tax-exempt if and only if they are for take-out and are not sold with any other hot […] If you’re still printing bills and mailing them to your customers, you’re likely feeling the frustration that comes from overflowing filing cabinets and a cluttered office. Put simply, businesses still using paper for bookkeeping and accounting systems are wasting time and money. Many of these challenges align with what business leaders currently report facing. […] However, Pilot Bookkeeper does not offer overall phone or live chat support. Online bookkeeping services can also be more cost-effective than traditional bookkeeping methods. They eliminate the need for businesses to invest in expensive accounting software or hire in-house accountants, since all the necessary tools and expertise are available online. This can be particularly […] The LIFO method for financial accounting may be used over FIFO when the cost of inventory is increasing, perhaps due to inflation. Using FIFO means the cost of a sale will be higher because the more expensive items in inventory are being sold off first. As well, the taxes a company will pay will […] |