Automation in managing inventory saves time and makes it more accurate, lowering costs. Maya Robinson, Founder & CEO of Future Proof Accounting, says keeping an eye on inventory in real time is key to balancing stock levels across different places. Holding too much stock ties up capital, while insufficient inventory can result in lost sales. […]

Get a bookkeeper who has an accounting degree and credentials, who can help you work with banks and government entities directly for funding and compliance,” he recommends. Look for discrepancies like missing deposits, unauthorized charges, or bank fees you haven’t recorded. Many business owners find it helpful to reconcile accounts more frequently – even weekly […]

K is also used in computing to mean “kilobyte,” but mostly in commercial contexts as a shortening of KB (see CMOS 10.49). bookkeeping To further muddy the waters, K can also mean “kelvin,” which is the base unit of temperature. When plural, as in “millions,” it refers to multiples of 1,000,000. It’s a concise way […]