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Inventory Costs – A Quick Overview

Inventory costs make up a substantial part of any manufacturing or distributing company’s total expenses. To ensure the good financial health of your business, it is necessary to know how to make sense of these expenses and how to balance them.

By Madis Kuuse 9 min read

AccountingERPTips

What Is Job Costing and How to Do It?

Job costing means tracking the costs related to individual orders. This allows accounting to measure the profitability of each project separately and to use it as a basis for customer quotes and financial planning.

By Madis Kuuse 9 min read

AccountingProduction planningTips

Capacity Planning – An Essential Guide for Manufacturers

Capacity planning is an essential tool used in well-functioning manufacturing companies. It determines the necessary capacity required to meet demand and as such, it is a prerequisite for efficient production scheduling, supply chain planning, inventory management, and any other aspect of the business.

By Karl H Lauri 17 min read

AccountingProduction planningTips

How to Calculate Total Manufacturing Cost?

Total Manufacturing Cost is an essential metric for understanding the productivity and profitability of a business. Among other things, it can be used to adjust the selling price of your products and to identify and cut unnecessary expenses.

By Madis Kuuse 10 min read

AccountingSalesTips

How to Calculate the Selling Price of Your Products?

Finding the right selling price for your products is a delicate process with many moving parts. Here are some tips to help you better understand the process.

By Karl H Lauri 9 min read

AccountingInventoryTips

How to Calculate the Cost of Goods Manufactured (COGM)?

Knowing your Cost of Goods Manufactured is a good way of getting an overview of production costs and how they relate to the bottom line. Calculating COGM allows management to identify cash drains, adjust prices, and track the development of the business. You can also listen to this article:

By Madis Kuuse 8 min read

AccountingInventorySalesTips

Inventory Turnover Ratio – Formula and Tips for Improvement

The inventory turnover ratio is a good indicator of the performance of your company. Find a balance between sales and stock by using these formulas and tips.

By Madis Kuuse 7 min read

AccountingProduction planningTips

What is Cost of Quality and How to Calculate It?

The Cost of Quality is the sum of the costs related to providing a quality product and the costs related to not providing a quality product. While an effective measure to identify cash drains, it can also be used to balance the price and quality relationship of your products.

By Madis Kuuse 7 min read

AccountingInventoryTips

Periodic vs. Perpetual Inventory System – Definitions, Benefits, Examples

Although a periodic inventory system might seem clear-cut and foolproof at first glance, its disadvantages may outweigh the benefits. Perpetual inventory systems, however, are already becoming mainstream.

By Madis Kuuse 10 min read

Accounting

Inventory Costs – A Quick Overview

What Is Job Costing and How to Do It?

Capacity Planning – An Essential Guide for Manufacturers

How to Calculate Total Manufacturing Cost?

How to Calculate the Selling Price of Your Products?

How to Calculate the Cost of Goods Manufactured (COGM)?

Inventory Turnover Ratio – Formula and Tips for Improvement

What is Cost of Quality and How to Calculate It?

Periodic vs. Perpetual Inventory System – Definitions, Benefits, Examples

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Accounting

Inventory Costs – A Quick Overview

What Is Job Costing and How to Do It?

Capacity Planning – An Essential Guide for Manufacturers

How to Calculate Total Manufacturing Cost?

How to Calculate the Selling Price of Your Products?

How to Calculate the Cost of Goods Manufactured (COGM)?

Inventory Turnover Ratio – Formula and Tips for Improvement

What is Cost of Quality and How to Calculate It?

Periodic vs. Perpetual Inventory System – Definitions, Benefits, Examples

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