Accounting – Fishbowl Blog

Accounting cycle steps explained: follow all 10, from identifying transactions to reversing entries, to close your books accurately. Start here.

Cost control keeps margins healthy without raising prices. Explore 10 proven strategies to trim expenses and protect your bottom line.

Inventory write-off explained: use the direct or allowance method, follow a journal entry example, and lower taxable income. Learn the 5 steps now.

Cost of goods sold (COGS) shapes your margins and taxes. Learn the COGS formula, four costing methods, and ways to lower it. Start calculating today.

Periodic vs perpetual inventory accounting compared: how each records stock and COGS, plus which method fits your growing business. Get the guide.

Consigned inventory accounting made simple: see the journal entries, a worked example, and best practices to keep both sides of the deal accurate.

An inventory write-down lowers stock value that's dropped below cost. Learn when to record one, how to book it, and ways to avoid future losses.

Standard costing assigns preset costs to materials, labor, and overhead so you can spot variances and control spending. Learn how to calculate it.

Learn how to calculate cost of sales using a simple formula, see real examples, and discover 8 proven ways to reduce it and boost your profit.

Landed cost is the full price of getting goods to your warehouse. Learn to calculate it accurately, protect your margins, and price with confidence.

How to find markup percentage: use the formula (gross profit / unit cost x 100), follow a worked example, and price every product for profit.

Job costing shows the true cost and profit of every project. Learn the formula, see real examples, and find the right software to track each job.