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September 7, 2007, Newsletter Issue #80: Managerial accounting reports
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Tip of the Week
Managerial accounting reports covers a number of different features, all of which are designed to help businesses determine their efficiency and success. A managerial accounting report offered by most business accounting software, for example, is the inventory turnover report, which based on the last four months, displays sales and current inventory on hand. Showing by part number the quantity of sales order, back order, quantity available, quantity sold in the last four months, dollar sales to date, and prior year sales, this report is one that helps you monitory your inventory levels and ensure customer satisfaction, which a part is ordered, you will know immediately if you have it and you are less likely to have run out.
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