Sat.May 18, 2024

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Feeling Stuck? Here’s How to Grow a Small Business

CSI Accounting & Payroll

What will it take to grow your small business? Do you need a marketing strategy? What about social media? You’ve definitely got options, but for some reason, the things you’ve already tried haven’t been working. How do you figure out why you’re not growing, and how do you change that? At CSI Accounting & Payroll, we’ve worked with small business growth strategies for over 50 years.

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Organic growth definition

Accounting Tools

What is Organic Growth? Organic growth is the increase in internally-generated sales of a business. The concept is used to differentiate between sales generated from existing operations and those operations that were acquired during the measurement period. In particular, organic growth is used to determine whether existing operations are in a state of decline, neutral growth, or expansion.

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By-product costing and joint product costing

Accounting Tools

A joint cost is a cost that benefits more than one product, while a by-product is a product that is a minor result of a production process and which has minor sales. Joint costing or by-product costing are used when a business has a production process from which final products are split off during a later stage of production. The point at which the business can determine the final product is called the split-off point.

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Cost of quality definition

Accounting Tools

What is the Cost of Quality? The cost of quality is the accumulated cost of not creating a quality product. These costs can include reworking a product, testing it, field service to make corrections after a product has been installed, and replacing a faulty product. This aggregate cost is reported to management to give them a basis for ensuring that processes always produce to customer expectations.

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How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

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Direct costing definition

Accounting Tools

What is Direct Costing? Direct costing is a specialized form of cost analysis that only uses variable costs to make decisions. It does not consider fixed costs , which are assumed to be associated with the time periods in which they were incurred. The direct costing concept is extremely useful for short-term decisions, but can lead to harmful results if used for long-term decision making, since it does not include all costs that may apply to a longer-term decision.