Anyone who has tasted dry-aged prime rib will tell you it is no ordinary steak, and that’s because it requires a bit more time and effort. At its core, dry-aged prime rib is a high-quality beef rib cut, graded prime by the USDA. This meat cut undergoes a dry-aging process, in which it is air-dried […]

Assets typically represent significant investments—and their values change predictably over time through depreciation. So it’s crucial for companies to maintain detailed records to assess the true value of your assets, changes, efficiency, and new equipment decisions. In summary, NBV is a tool for internal decision-making, financial reporting, and tax planning. It helps tell the story […]

This may indicate that Company Y is a better investment from a growth perspective. PEG ratios of less than 1 are considered to be a signal that a stock is undervalued. While P/E ratios provide important insights into the value of stocks, investors should be cautious about making decisions based on P/E ratios alone. Other […]

Our partners cannot pay us to guarantee favorable reviews of their products or services. When choosing between QuickBooks Online and Desktop, consider your team’s workflow. Do you need access from anywhere, or is a central office setup more your style? Should I switch from QuickBooks Desktop to Online FAQs It’s widely used because it can […]

As chefs begin preparing a dish, the card moves to the “In Progress” section. Once the dish is cooked and ready to be served, the card shifts to the “Done” column. This visual system helps the kitchen staff track the status of each order, ensuring meals are prepared efficiently and served promptly. Kanban strives to […]

When a company engages accounting in financial factoring, the fees and the interest they pay can often be counted as business expenses. These expenses can be deducted from the company’s income, creating a tax shield. This reduction in taxable income translates to paying less tax, enhancing the company’s cash on hand and financial health. Maximizing […]

These templates include customizable sections for itemizing services, parts, labor hours, and any additional fees. The auto repair invoice template Word format makes it simple to adjust text, add logos, or update pricing details as needed. An auto repair invoice is a formal document issued by a mechanic or auto repair shop once repair or […]

An accrual allows a company to record expenses and revenues for which it expects to expend cash or receive cash, respectively, in a reporting period. It matches revenue to expenses to more accurately reflect the business finances. It is nearly impossible to generate accurate financial statements without using accruals. With a strong commitment to accuracy, […]

To help with breakeven analysis, two break even points are presented. The first break even point, expressed in units sold, identifies how many units you will need to sell to cover your fixed costs. In conclusion, our user-friendly Break-Even Calculator offers a convenient solution for businesses to calculate their break-even point and evaluate their financial […]

Many providers, like McGrant, cater to small to large businesses, providing flexibility to scale services up or down as required. This scalability ensures you receive tailored support as your business grows or changes. From bookkeeping to controller/CFO services, budgeting and financial statements – we’ll keep your business finances and books organized. McGrant is a proud […]