It comes down to allowing managers to analyze all the business’s operating costs and address possible inefficiencies, ultimately boosting profits. One of the biggest differences between cost accounting and financial accounting is regulation and standards. Financial statements are governed by regulators and should abide by Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards [...]

Gasoline demand is unlikely to return to 2019 levels, as efficiency gains and the shift to electric vehicles eclipse robust mobility growth in the developing world. Aviation fuels, the hardest hit by the crisis, are expected to slowly return to 2019 levels by 2024, but the spread of online meetings could permanently alter business travel [...]

More important, tracking your balance can help you avoid the possibility of having an overdraft in your account. Considering that the average overdraft earnings before tax ebt fee is around $35, it is better off avoided as much as possible. I think it’s best to do this weekly, though you can set your own schedule. [...]