Are you running a small or mid-sized company not using purchase orders? They may be more important than you think...
When most small businesses start out, they forego purchase orders in favor of handshake deals and informal processes. Blindly instilling trust in a seller or using an unspoken agreement with a small-time supplier or a trusted vendor is never a smart move.
What happens if there’s ever a...
Tag: Inventory
August 16, 2021
Benefits of Purchase Orders & How to Create a Purchase Order in Deltek Costpoint
by Colin Quinn
January 25, 2019
(Myth-busting) 3 Common Accounting Myths in Manufacturing
by Colin Quinn
What if I told you that everything you learned in school was wrong.. Ok, not everything but most things as it relates to accounting in manufacturing. Let's dive into the three most common myths people have about accounting in manufacturing - myths that, often throw your business off balance and create major problems.
Inventory is an asset
Direct labor is consistent
Making (or Buying) more...