It is a systematic and ongoing process of introducing new products, services, business models that create value for customers, improve business performance.| 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
Unit of Production method calculates the depreciation for the asset when the asset’s value is closely related to the number of units produced| 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
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
Assets are what a business owns, and liabilities are what it owes. The difference between the two equals equity, the net worth of the business.| 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
The general ledger is a recording-keeping system of a company’s financial transactions. Read our guide to learn how to create a ledger for your business.| 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
A million-dollar question, literally and figuratively in every business, big or small, is “How much to order?”. EOQ helps answer this question. As a business owner, your main enemies are overabundance and/or shortage of goods. When you have inventory in large quantities sitting in your warehouse and no one| 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