AccountingInventoryManufacturing Tips How to Calculate the Cost of Goods Manufactured (COGM)? Knowing the cost of goods manufactured is vital for a good overview of production costs and how they relate to the bottom line. COGM also allows management to identify cash drains, adjust prices, and track the development of the business. You can also listen to this article: By Mattias Turovski 11 min read
AccountingManufacturing TipsSalesSupply Chain What Are Backorders? Meaning, Causes, and Tips For manufacturers and distributors alike, backorders constitute a reliable means of keeping up sales even after goods have gone out of stock. In this article, we look at the meaning and causes of backorders and weigh their pros and cons. By Mattias Turovski 11 min read
Accounting Manufacturing Accounting – A Simple Guide Manufacturing accounting is an internal business management process that helps managers keep an eye on the fiscal performance of a manufacturing operation. This post looks at the basic processes that inform manufacturing accounting and defines its most relevant terms. By Mattias Turovski 15 min read
AccountingManufacturing Tips What is an Accounting Manual? Accounting manual is a document in which every organization defines its accounting policies and procedures – in this article, we give an overview of its goals and contents. By Karl H Lauri 6 min read
AccountingManufacturing TipsProduction planning What Are Source Documents in Accounting? The article gives an overview of what are accounting source documents and what are their goals, content, and examples. By Karl H Lauri 7 min read
AccountingManufacturing Tips What is Accrued Payroll in Manufacturing Accounting? For small and medium-sized manufacturers, tracking and administering payroll accurately is a critical function. By Karl H Lauri 5 min read
