What is a general ledger?

Suppose you discover after reconciliation that certain amounts were not correctly recorded in your Ledger. It could be an entry with an incorrect amount or an entry you completely omitted to record in your General Ledger Accounts. Under this step, you need to check...

Safety stock definition

If sales were always constant and the lead time on orders never an issue, this would be a very simple process. But not everything in business is predictable, and there can be delays in the retail supply chain. Assume that a company uses...

What Is Leverage? Definition, Example, and Formula

That implies that a significant increase in the company’s sales will not lead to a substantial increase in its operating income. At the same time, the company does not need to cover large fixed costs. The degree of operating leverage is a method used to quantify a...