Author Archives: sit

Intercom vs Zendesk: Comparing features, integrations, and pricing

Zendesk vs Intercom: Choosing the best tool for your business Given that both of these platforms seem aimed at one sort of market or another, it shouldn’t surprise you that we might find a few gaps in the sorts of services they provide. But it’s also a given that many people will approach their reviews […]

Accounting Principles: What They Are and How GAAP and IFRS Work

Assets are anything owned by the business with monetary value, such as cash, inventory, and property. Conversely, liabilities are financial obligations that the company must fulfill, such as loans and accounts payable. Tax accounting is the process of preparing and filing tax documents, ensuring compliance with tax regulations, and managing tax liabilities. This type of […]

FIFO: First In First Out Inventory Management Explained

With FIFO, it is assumed that the cost of inventory that was purchased first will be recognized first. FIFO helps businesses to ensure accurate inventory records and the correct attribution of value for the cost of goods sold (COGS) in order to accurately pay their fair share of income taxes. Companies using perpetual inventory system […]