Costing Methods and Techniques
Manufacturers have the challenging task of setting the pricing of the product. With increasing competition in the market, the manufacturers cannot set the pricing to be too high. If the
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Capital Budgeting : Meaning, Methods and Importance
Running a business is complex and it takes a lot of planning and decision-making to keep it survive in the competitive landscape. Most importantly, the manager of the company has
Capital Account: What It Is and How It Works
Every proprietor knows the complexity of running a business. If you are a sole proprietor, a partner in a firm or a shareholder of the business, what is your contribution
What are Adjusting Entries? Definition, Types, and Examples
Businesses are divided into accounting periods. And in each financial period, the financial statements have to be accurately created. Further, it is crucial to create adjusting entries at the end
Lot and Sub Lot Expiry Management and Allocation rules in Sage X3
Many organizations deal with sensitive products that can turn hazardous when consumed by humans after their expiration. A few examples of such products are packed food and pharma products. You
ERP for Automobile Industry
What is ERP for Automobile Industry? ERP for Automobile Industry is a strategic business process management software that allows automobile companies to prudently manage their auto parts, streamline the information
What is Capacity Requirements Planning? Types, Benefits and Strategies
A manufacturing process requires a lot of planning before it commences. The planning is required to see what’s coming, significantly if it impacts the business’s revenue. Capacity requirements planning is
What is BOM Explosion?
We all know what a bill of materials is for businesses. It is a significant step in the manufacturing process. It is also known as assembly components lists, product structure
Date Format Setup in Sage X3
In Sage X3, there is always the basic requirement of clients to setup the date format as they want like DD/MM/YYYY , MM/DD/YYYY, YYYY/DD/MM , etc. in reports, transactions ,
Types of GST in India :SGST, CGST, IGST & UTGST
In the year 2017, the Indian government made an announcement regarding the indirect tax regime GST (Goods and services tax). GST replaced other taxes such as state VAT, customs duties,
Fixed Costs : What It Is and How It’s Used in Business
In businesses, fixed costs are essential components that remain constant regardless of production or sales volume. The costs of certain factors won’t fluctuate such as rent, insurance and salaries even
Sage 300 : How to view or edit details for a Lot Number
Sage 300 Inventory Control is a powerful tool that allows businesses to efficiently manage their inventory. One important aspect of inventory management is tracking and managing lot numbers. Lot numbers