Bookkeeping

Inventory refers to the assets my company holds with the intention of selling them through our operations. This includes not only the finished goods ready for sale but also items currently being produced and the raw materials or components used in the production process. Essentially, inventory encompasses everything from the materials we start with to the final products we aim to bookkeeping services in sacramento sell to customers. A business with healthy (positive) equity is attractive to potential investors, lenders,…

Advanced software tools like SAP S/4HANA and Oracle’s Oil and Gas Accounting solutions are often employed to manage these complexities, providing real-time data and analytics to support accurate revenue recognition. Many oil and gas projects involve joint ventures where multiple companies collaborate. Joint venture accounting is crucial to accurately reflect each participant’s share of costs, revenues, and other financial aspects. CFO is basically net income with non-cash charges like DD&A added back, so, despite a relatively lower charge for DD&A,…

Both are essential documents that help keep track of the financial aspects of a purchase, but they serve different purposes. In summary, invoices are a vital tool for businesses to ensure timely and accurate payment for their products and services. They provide clarity, transparency, and a formal structure to financial transactions, fostering trust and efficient business operations. Now that you understand the difference in purchase orders vs invoices, you might wonder whether companies need both of these documents. As with…