13Mar, 2024
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What is a Void Cheque and How Does it Work?

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Be aware, however, that voiding a check happens before the check has changed hands or is presented for payment at a bank. These numbers contain your bank’s routing number and your account number, both of which are needed for verification. Note the check in your checkbook or finance software, the founders guide to startup accounting indicating that the check has been voided. Making this indication ensures you can use the check for mobile deposits only. They may also ask you to fill out a direct deposit authorization form. Without a […]
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18Oct, 2023
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How to Calculate Profit Margin

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Having said that, you can use a scale of how a business is doing based on its profit margin. A profit margin of 20% indicates a company is profitable, while a margin of 10% is said to be average. One common strategy is dynamic pricing, which adjusts prices based on demand and supply factors like competition, seasonality, and inventory levels. For example, a retailer may increase the price of an item during peak shopping periods but lower it during off-seasons when demand is low. Why is Gross Margin Important? To […]
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