Incoterms 2020 FOB: Spotlight on Free On Board

Several factors can affect the efficiency of an FOB warehouse, including its location, size, capacity, and infrastructure. The warehouse's proximity to transportation hubs and shipping carriers can impact shipping costs and delivery times. Additionally, the quality of storage facilities and...

10 Best Construction Accounting Software + 2024 Pricing Guide

Here are some things to keep in mind when bookkeeping for construction firms. Every transaction should be recorded, whether it’s for buying fuel for the company vehicle or receiving a large shipment of lumber. The size of the transaction does...

Obsolete Inventory Allowance

The decline in inventory value also reduces the overall book value of the company. The inventory obsolescence reserve is an accounting figure used to reduce the value of the company's inventory balance to market value. In most companies, inventory will...