Revenue management helps increase revenue when the demand for products in high-priced markets are higher than the supply. This means that when a customer comes into a store and sees a product that they want, but is priced too high for their budget, they may be willing to pay more if the store uses revenue management techniques. What are the benefits of revenue management? Continue reading What are the Benefits of Revenue Management?
It is no wonder why many businesses try to grow quickly: not only does growing your business mean more revenues, but it also makes the business more resilient. If an owner wants their business to survive for a considerable length of time, they need to grow the business. How to scale up your business efficiently. Continue reading How to Scale Up Your Business Efficiently
Whether you’re looking for a business valuation to sell your business or merely wondering what it’s worth in the current market, you may be at a loss as to where to start. In this post we are going to explain how to determine the value of your business? Continue reading How to Determine the Value of Your Business?
The proper identification and acceptance of all sales are an important element of accounting internal control for a company’s income statement. It represents the primary source of most companies operational cash flow and therefore needs to be protected, managed and monitored using financial internal controls. The following Accounting Revenue Cycle Procedures should be utilized to account for and recognize all sales income of the company. What is the revenue cycle in accounting? Continue reading What is the Revenue Cycle in Accounting?