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Free Invoicing, Finance Tips & Insights for Small Business

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7-Step Process on How to Price Catering Services

Before pricing your catering services, first find out what type of food or catering services are in demand. Season-wise, latest trends and demands change, so the pricing of your catering services should be done in such a way that it reflects accurate pricing as per market demand. After that, you can fol...


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What Is Operating Income?

Operating income is a financial metric that represents a company’s profit after deducting operating expenses from gross profit. Professionals assess whether the business is generating sufficient profit from its core activities.

In other words, operating income focuses on the core income and expenses associated with its operations.

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What Does AP Automation Mean?

Accounts payable automation refers to the use of software or digital tools to simplify the accounts payable process. From receiving invoices to approving them and releasing payments, it includes everything.

Automated AP processes differ significantly from traditional


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What Is Manufacturing Overhead?

Manufacturing overhead (MOH) is the umbrella term for all costs linked to the production that can’t be pinned to a single unit. They are indirectly connected to your production, but very instrumental to the entire manufacturing facility.

Factory utilities, equipment depreciation, supervision labor, maintenance, and facility rent...


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What Is an Income Statement?

An income statement (also known as a profit and loss statement) is a financial statement that presents a company’s overall financial health. The document presents the company’s revenue, expenses, and the profit & ...


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