Position Trading 101: A Beginner’s Guide With Examples

The forex market possesses structural characteristics that create distinct conditions for position trading. The forex market operates 24 hours across global trading sessions and maintains deep liquidity in major currency pairs (euro/US dollar (EUR/USD), British pound/US dollar (GBP/USD), US dollar/Japanese yen (USD/JPY)). Central banks set interest rates that drive multi-month trends as capital flows toward … Read more

What Is Accounts Payable Getting Older Report & The Method To Create One?

The present column reveals current balances which would possibly be zero – 30 days old (aka not past due). Justin Campbell, an experienced accountant with a decade at Xero, blends his deep understanding of finance and know-how to simplify processes. He makes use of his expertise to help businesses work smarter, bringing precision and innovation … Read more

How to Calculate FIFO and LIFO

To calculate COGS using these three methods, we have a table of transactions with the dates, transaction types, units, unit costs, and total cost. We will create another table with the COGS calculation with the FIFO method. For businesses that use Zenventory to manage inventory and order fulfillment, any of these four methods is a … Read more