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The control of fixed assets goes beyond having a list of everything that a company owns.This implies continuously monitoring the performance of each asset to obtain in this way the total budget to spend on them. However, the same amount of assets often turns out to be a problem and ends up complicating the proper…
Almost every industry all across the globe is reliant on barcode numbering of inventory and it has become an integral part thereby replacing the method of manual entry effectively. The usage of barcodes has become inevitable due to its accuracy, speed and reliability. As a matter of fact, barcoding is now a vital cog for…
Fixed asset accounting pose a lot of challenge to many businesses. Not to mention the conundrums in the decision making. The decisions like which depreciation method to apply or the estimated salvage value of an asset can have a significant impact on tax liability and earnings. Fixed asset management system in India has to see…
Based on the results of the audit of the retail trade, management decisions are made aimed at improving the efficiency of the company. When it is carried out on a regular basis, the company’s turnover will increase by 30% within three months Retail audits can be performed by both the company’s merchandisers and/or its own…
Retail audit is based on the results of retail sales of the products of the studied group and the subsequent analysis of the assortment, prices, distribution tools, and advertising materials. A retail audit is commonly understood as a method of evaluating a brand and its presence in retail outlets. A retail audit allows the management…
A retail Audit, is a type of research that allows you to both preliminary study the business, assessing the profitability of a new store, and raise the dynamics of sales and profit of an existing outlet. A retail audit is a study that is carried out on a regular basis and is the collection of…
In order to properly organize a trading business, you need to have as much information as possible about the market area of interest. Various methods and techniques are used to collect such data. One of the most popular and demanded is the retail audit. It uses the study of prices, assortment, advertising and distribution in…
For the correct management of the activities of a trading enterprise, it is necessary to have complete, accurate, objective, timely and sufficiently detailed economic information. This is achieved by maintaining business records. Depending on the nature of the data, methods of obtaining them and methods of grouping, economic accounting is divided into three types: operational,…
Don’t let anger or passivity contaminate your company! There are more fish in the sea. Why stay with a business advice that doesn’t convince you? Reasons to change tax advice If your advice causes you discontent and your current desire is not satisfied, it is very possible that you have experienced situations close to these:…
The tax advisers would not exist if they were not so important for businesses. But why is the advice of these professionals so much needed? Well, we tell you that their function is closely linked to the management and processing of taxes. In other words; a tax advisor guides your company in matters of management,…
