Bookkeeping

An officer’s salary is never part of the « cost of goods sold. » Instead, an officer’s salary is typically considered to…

While COGS and operating expenses are different, they are both important in measuring the success of a business. For example,…

If you’re also using truck management software, you can usually link the two and automate your IFTA responsibilities completely. One…

Tax reporting gets more difficult if you have to figure out importing rules. Fortunately, trucking accounting software can automate most…

Net cash flows are different from net income because some expenses are non-cash such as depreciation, etc. As the salvage…

In some contexts, residual value refers to the estimated value of the asset at the end of the lease or…

Without proper invoicing and collecting invoices from your customers, your business will likely experience a cash flow crunch or potential…

Gradually, businesses have shifted their entire focus towards the automatic process. The reason behind it is that manual work increases…