While a pro rata calculation can be used to determine the appropriate portions of any given whole, it is often used in business finance. The term “pro rata” might sound like something foreign and complex at first, but once you understand it, it’s surprisingly simple. Put very simply, it’s a calculation used such that everyone…
Should I Keep Grocery Receipts for Taxes?
Bank statements can also be an alternative way to provide a receipt for expenses if you no longer have the physical receipt. This documentation will also help you in the future if you are audited. People fear being audited, but if you work with an honest tax professional and keep good records you should be…
What is the difference between gross and net sales? Metorik Docs
Ideally, ROS should either stay stable or increase as a business grows. If it shrinks as revenues increase, the company might be spending too much to try and grow, and if it shrinks with stagnant revenue, it’s becoming less efficient with time. This metric reveals your operational efficiency, helping you maximize profits and identify wasteful…