Margin by channel is hard to calculate because its five inputs usually live in five different systems, and four of them arrive later than the sale does.   The five

AI belongs in the forecast and in the analysis. It does not belong in the ledger. The distinction matters because the two jobs have opposite requirements: a forecast is expected

Three-way matching is the practice of confirming that a purchase order, the goods actually received and the supplier’s bill all agree before the bill is paid. It has been standard

A return is three events, not one. It is a refund, an inventory movement and a cost event, and most setups record only the first. That is why December margin

A multi-channel brand’s bank balance is a poor guide to its cash position, because most of what determines the next 90 days has already happened and is sitting in other

A bundle’s cost is the sum of its components at the cost those specific units carried, plus any packaging that goes into it. Getting that right requires three things to

Peak season does not introduce new problems into a brand’s numbers. It multiplies the ones already there, and it does so in the month whose results everyone will be asked

Financial latency is the gap between when something happens in a business and when the financials reflect it. In a multi-channel product brand that gap is usually weeks, and it

QuickBooks is the right first accounting system for almost every product brand. It stops being the right one at the point where inventory, production and multi-channel selling start driving the