Accounting Concepts and Principles

Gross and Net Sales

Many of the business performance standards are measured against a baseline.  For the bulk of production and operation performance tools the baseline is net sales.  The key to an accurate performance standard is having an […]

Report Analysis - How to Read the Statements

The True Cost of Labor

I laugh at the definition of labor costs because in my opinion the so called experts only have it half right.  Labor costs are more than just gross wages and benefits.  It should include the […]