Operational Costs Demystified: The Metrics That Matter Most
Knowing what operational costs are helps you gain a clear picture of where your money goes and how it impacts your bottom line.| Deskera Blog
Knowing what operational costs are helps you gain a clear picture of where your money goes and how it impacts your bottom line.| Deskera Blog
Scenario analysis is a strategic planning tool that enables manufacturers to prepare for various possible future outcomes.| Deskera Blog
The efficiency ratios are the financial ratios used to measure the efficiency of the operation of a business.| Deskera Blog
It is the process of assembling components to build automobiles, trucks, and other motor vehicles. Its 4 steps are designing, building, quality checks| Deskera Blog
There are two different types of income statement that a company can prepare such as the single-step income statement and the multi-step income statement.| Deskera Blog
It is a percentage-of-completion accounting technique where revenue is recognized based on the ratio of costs incurred to total estimated costs.| Deskera Blog
It is a vital process that predicts a company's future financial outcomes based on historical data, market trends, and strategic plans.| Deskera Blog
Wholesale distribution involves purchasing products in bulk from manufacturers and selling them to retailers, businesses, or institutions at a markup.| Deskera Blog
Cash flow forecasting is a means of predicting the movement of cash into and out of your company over a certain period and across all areas.| Deskera Blog
Invoice factoring is a financing method for businesses where unpaid invoices are sold to factoring businesses. It helps with improving cash flow.| Deskera Blog
As a manufacturing executive, it's crucial to stay updated on the latest trends in procurement to ensure your company remains competitive and efficient. Here are five important trends every manufacturing executive should know about procurement:| Deskera Blog
Balance sheet (also known as Statement of Financial Position) is one of the 3 important financial statements. Alongside with Income Statement and Cashflow Statement, it helps to reveal a company's overall financial health.| Deskera Blog
Electronic invoice (e-invoice) automates and eliminates manual intervention in sending and sharing of invoices between a buyer and a seller. This means that the invoice is created, sent, and received in standard electronic format. This allows buyers and sellers to automate invoice processing.| Deskera Blog
It is a method used to optimize fulfillment so that the orders arrive to customers on time while incurring the lowest possible cost.| Deskera Blog
A well-implemented source-to-settle (S2S) process enhances procurement efficiency, strengthens supplier relationships, and improves financial transparency.| Deskera Blog
In finance, asset impairment is the term used for when there’s a permanent decrease in the value of a company’s asset- both tangible and intangible.| Deskera Blog
Current assets are resources that a company expects to convert into cash or use up within one year or within its operating cycle, whichever is longer.| Deskera Blog
Operating costs are expenses incurred by a business to carry out its operations. These are variable costs as they change with the production level.| Deskera Blog
A complete description of the physical assets that are responsible for your personal or business cash flow is now termed as tangible assets.| Deskera Blog
Fixed assets are tangible, long-term items not intended for sale as inventory. Shown on the balance sheet, fixed assets lose value over time if depreciated| Deskera Blog
The Financial Statements - Balance Sheet, P&L & Cash Flow Statements are used by investors, market analysts, and creditors to evaluate a company's financial health and earnings potential.| Deskera Blog
A Balance Sheet offers a snapshot of your company’s financial position at a moment in time. The Balance Sheet helps you answer the questions: - How much does your business own? - How much does your business owe? - How much was invested by your own fund, or shareholders funds?| Deskera Blog
Financial ratios, aka Accounting Ratios, are the values extracted from a company's financial statements, and are used to gauge the health of a company..| Deskera Blog
Landing pages ensures the highest returns on investment in the form of leads generated. These pages are focused on specific, short-term goals.| Deskera Blog
What is Profit and loss and P&L Statement- the Key Elements, Types , Use cases and prepare a Profit and loss Statement| Deskera Blog
ERP systems for manufacturers unify various business processes into a single platform, including production, inventory, and financial management.| Deskera Blog
Financial reporting is an accounting practice that uses financial statements to disclose important information about the financial health of a business.| Deskera Blog
Accounts payable is a critical business process through which all companies track and manage their payable obligations efficiently and effectively.| Deskera Blog
The inventory management ensures that there are enough goods or materials to meet demand without creating overstock, or excess inventory.| Deskera Blog
Cash flow refers to the money moving in and out of the business. Cash flows are found in operations, investing and financing functions of the business.| Deskera Blog
An SKU is a unique number or code allocated to each product that differentiates it from the other products in the warehouse., making it easier to track| Deskera Blog
Inventory costs includes the cost to order & hold inventory & admin cost. Ordering, holding, carrying, shortage and spoilage costs are some common costs.| Deskera Blog
A vendor can be described as a person, company, or group that distributes goods and services to businesses, companies, and ultimate customers.| Deskera Blog
The Inventory Turnover Ratio is the number of times a company sells or replaces the inventory during a given period.| Deskera Blog
A technique for predicting future demand for a product is demand forecasting. Managers use different approaches to predict demand forecasting more accurately| Deskera Blog
Learn what ROI (Return on Investment) is, how it’s calculated, and why it’s a crucial metric for measuring business success.| Deskera Blog
Deskera is an emerging leader that provides integrated Cloud ERP suite for SMEs of India. It has all the applications that are required by organizations to mana| Deskera Blog
Inventory is all the goods, items, and materials purchased or manufactured by a business for selling. In accounting, inventory is periodic or perpetual.| Deskera Blog
Implementing inventory tracking software will help achieve real-time visibility, improve customer satisfaction, get data-driven insights, and reduce costs.| Deskera Blog
ERP systems offer multitude of benefits to small businesses including streamlined operations, improved efficiency and productivity, better decision-making.| Deskera Blog
ERP software allows your business units to automate every tasks. Read this article to know what is erp and learn best practices to complete your business needs| Deskera Blog
The various factors to consider for choosing the right automotive ERP for your business are: integration capabilities, scalability, and, industry-specific features.| Deskera Blog
Implementing automotive ERP will help in mastering financial management through integrated financial modules, real-time financial data, and other such functionalities.| Deskera Blog
