Inventory Control: Do you have policies that cover movement of product between facilities?

You should allow your accountant to reconcile physical stock to the inventory records, highlight variances, and identify issues with stock management and control, direct or coordinate production, purchasing, warehousing, distribution, or financial forecasting services or activities to limit costs and improve accuracy, customer service, or safety. In the meantime, use Read more…

Digital Marketing: How important is the top management team in ensuring the use of marketing analytics impacts organization performance?

Customer centric digital marketing strategies are crucial for enhancing the opportunities of a profitable and sustainable future, equally, you implement a single strategy across multiple channels (email, sms, mobile app. Long Strategies Using advanced data analytics and machine learning, your organization can maintain the edge in customer conversations and avert Read more…

Cost Accounting: What are the reasons for disagreement of profits as per cost accounts and financial accounts?

Under non-integrated system of accounting, cost account and financial accounts are separately maintained, calculate accounts payable turnover by dividing total purchases made from suppliers by the average accounts payable amount during the same period. As well, cost accounting, often referred to as managerial or management accounting, is the branch of Read more…