Bookkeeping

Understanding the Differences Between Actual Cash Value and Replacement Costs

It’s essential to evaluate your property, consider the value of your belongings, and weigh the costs and benefits of each coverage type. By understanding these differences, you can tailor your insurance policy to best suit your needs. Visit your local RMIC Agent to purchase either replacement cost coverage or ACV coverage through Rockford Mutual! Before …

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6 Main Types of Manufacturing Processes Explained

At the end of your accounting periods, inventory valuation allows you to establish the cost of making the goods you sell versus how much profit you’re making. A real-time inventory tracking system can minimize the manual accounting tasks common in properly valuing inventory. Implementing real-time inventory tracking can also payroll improve planning, pricing, shipping, and …

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Receipt and Invoice Templates for All Your Clients

You can use this Receipt template to create proof of the transaction for your records. A simple receipt template is a form that businesses use to create official customer-facing receipts. Record the date of purchase, receipt number, salesperson, client name, item(s) purchased, tax rate, shipping and handling costs, and purchase total. Generally, it is not …

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