revenuemanaged

Because consignees are only tasked with selling consigned inventory, ownership remains with the consignor until it is sold to final customers. In this article, we’ll teach you consignment inventory accounting and go over the accounting process for consignors and consignee. In the realm of consignment inventory management accounting, both the supplier and the retailer are […]

Your chart of accounts is a living document for your business, meaning, over time, accounts will inevitably need to be added or removed. The general rule for adding or removing accounts is to add accounts as they come in, but wait until the end of the year or quarter to remove any old accounts. In

That said, even if you don’t think you need one – or the website says it isn’t a requirement– most businesses are probably better off acquiring an EIN. Once you’ve selected a location and determined your goals, it’s time to consider the nuts and bolts of owning a business. No doubt you have plenty of