Blog - Xledger United States

09/06/2024

Variable Expenses Definition, Examples, & More

A business can plan for many of its expenses. Fixed expenses, like employee salaries (not including sales commission), software subscription fees, insurance, and advertising, tend to remain the same for long periods of time. But what about costs that change over time, even day to day? These are known as variable expenses, and that’s what […]

08/08/2024

Inter-company Transactions & Accounting Processes: A Brief Summary

Many well-known companies own subsidiaries: some more common examples include Facebook, which owns Instagram, and Google, which owns YouTube. That’s not to say that they aren’t found amongst smaller businesses, too—take, for instance, a local restaurant with a food truck, or a coffee shop with multiple locations. These may also be registered as subsidiaries underneath […]

08/01/2024

The Contribution Margin Income Statement: Everything You Need to Know

Of the many different financial statements professionals might deal with on any given day, one of critical importance is known as the contribution margin income statement. What makes this statement so important is its ability to show profit potential. It serves as a specialized document in financial analysis that strips down revenue into critical components […]

07/30/2024

How Smbs Are Turning To Finance Process Automation to Overcome Financial Challenges

Last year was challenging for small and medium-sized businesses (SMBs), and things aren’t shaping up to be much better this year. While the United States has avoided a recession, economic uncertainty, shifting market conditions, and difficulties accessing financing have seriously strained SMBs. Nearly half of them now cite inflation as a top operating obstacle.

07/25/2024

Cost of Goods Sold: What Is It and How to Calculate It

Businesses incur a range of expenses in the production of goods and services. These include direct material and labor costs that typically found within Cost of Goods Sold (COGS), as well as overhead costs not directly attributed to production. In this article we’ll dive into what COGS is, what it tells us, and how to […]

07/23/2024

What Is an ERP Consultant and Do You Need One?

Enterprise Resource Planning (ERP) systems make business accounting feel like a breeze, but implementing them can sometimes prove challenging. According to statistics, at least half or more of ERP implementations fail to meet their objectives, which is why it’s so critical to onboard a seasoned ERP consultant to help your organization through the process.

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