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Mixing business and personal funds can lead to errors in financial reporting and tax filing. It’s essential to keep separate accounts for business expenses and income to ensure accurate bookkeeping. Bookkeepers manage payments to subcontractors, ensuring that invoices are processed and paid on time. They also ensure proper documentation of these transactions, such as 1099 …

Director III, Accounting Services MAN-394 2 at Sacramento City Unified School District Read More »

In our experience, the most important factors in your success are the ability to obtain financing, manage cash flow and deal effectively with wholesalers. These are areas in which our pharmacy CPAs have a strong record of helping clients like you become more profitable. As a result, we are a leader in serving independent pharmacies …

Top 10 Pharmacy Accounting Questions to Ask Your CPA Read More »

If you ever want to know about the efficiency of inventory management of a firm, you should look at both – inventory turnover ratio and inventory days. The inventory turnover ratio helps us understand the company’s efficiency in handling the inventories. It shows how good the company is to reduce overspending on inventory and how …

Days Sales of Inventory DSI: Definition, Formula, Importance Read More »