All accounting entries need to be tagged to general ledger accounts. A chart of accounts (COA) is a list of all such general ledger accounts. It contains details of each individual general ledger account including 'Account Code', 'Account Name', 'Account Type', and 'Account Balance'.| Deskera Blog
The three most widely used methods for inventory valuation are: First-In, First-Out (FIFO), Last-In, First-Out (LIFO), and Weighted Average Cost| Deskera Blog
Procurement management is an authentic process to integrate a strategic approach for procurement. The main aim of procurement management is to optimize the cost being invested by the organization.| Deskera Blog
The inventory management ensures that there are enough goods or materials to meet demand without creating overstock, or excess inventory.| Deskera Blog
Inventory control is monitoring & managing a company's inventory and warehouse by keeping up the stock at desired levels.| Deskera Blog
Discover how automated inventory management systems can transform your business by enhancing accuracy, reducing costs, and boosting efficiency.| Deskera Blog
The cost of goods sold (COGS) is a significant part of a business Income Statement and plays an essential role in calculating the net income for a business. Understanding the cost of goods sold (COGS) helps businesses to find out about their financial health and profitability.| Deskera Blog
ABC analysis is an important part of inventory management as it helps in categorizing stocks into three categories - A,B, and C, based on their revenue.| Deskera Blog
Just-in-time inventory is a term that implies ordering inventory only as they are required. This article will help you understand this method in depth.| Deskera Blog
