Shows the percentage of revenue that exceeds the cost of goods sold.What does the gross profit margin mean?In industries with higher production costs or intense competition, a good gross profit margin might be in the range of 40% to 60%. On the other hand, industries with lower production costs or specialized products might have higher gross profit margins, possibly exceeding 70%. Have you figured out where your GPM is?
Efficiency: accounts receivable turnover ratio
Short, simple posts are the best way to keep your visitors up to date. An attention-grabbing introductory paragraph and brief, informative content will ensure your readers keep coming back.
Bookkeepers are often asked to help assess the overall health of a business compared to other businesses in its sector or industry.
At the beginning of the year, small businesses should focus on key bookkeeping steps to ensure they start the year off on the right track. Here are the most important steps for small business bookkeeping at the start of the year:
Shows the percentage of revenue that exceeds the cost of goods sold.What does the gross profit margin mean?In industries with higher production costs or intense competition, a good gross profit margin might be in the range of 40% to 60%. On the other hand, industries with lower production costs or specialized products might have higher gross profit margins, possibly exceeding 70%. Have you figured out where your GPM is?
Efficiency: accounts receivable turnover ratio
Short, simple posts are the best way to keep your visitors up to date. An attention-grabbing introductory paragraph and brief, informative content will ensure your readers keep coming back.
Bookkeepers are often asked to help assess the overall health of a business compared to other businesses in its sector or industry.
At the beginning of the year, small businesses should focus on key bookkeeping steps to ensure they start the year off on the right track. Here are the most important steps for small business bookkeeping at the start of the year:
