Operating Profit and Net Profit: Measurements of Profitability
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pragati
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July 2, 2021
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Bookkeeping
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For example, let’s say that your company has a lot of debt leading to high-interest expenses. Each of these metrics shows a profit at different moments of the production cycle and earnings process. COGS refers to the direct costs incurred in producing the goods and services sold by a company. If your sales are up, but your margins are down, …
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What is Business Process Outsourcing? Benefits, Challenges, and Implementation
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pragati
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January 28, 2021
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Bookkeeping
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0 Comments
To effectively manage your BPO partner and ensure high-quality output, define clear, measurable performance metrics. These metrics should align with your business goals and should be included in the outsourcing contract. Regularly review these metrics with your BPO partner to ensure alignment and address what are source documents in accounting any performance issues promptly. BPO offers a degree of flexibility …
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