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What is Lead Time?

When a customer orders a product there can often be a delay before they actually receive it. For instance if a buyer goes onto Amazon and purchases a book they won’t receive it right away. It can take a few days to get to them and this is referred to as the lead time. In simple terms then it is the difference between the order of a product and its final delivery. This delay can be very short or it could take months if the product involves a complicated assembly.

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What is a General Ledger / Nominal Ledger?

An important element of business accounting is the general ledger.This will be something that will be used by all businesses that use a double entry bookkeeping system. The information found in the general ledger is used for creating financial statements and it includes all transactions. Read the rest of this entry »

What is Debt Consolidation and is it a Good Solution for Everyone?

At the moment there seems to be a lot of people struggling with debt. Some people can feel really trapped in this situation and will be willing to consider almost any option. There are many businesses these days offering debt consolidation services and this can seem like a good solution to this type of problem. While it is certainly something worth considering it is also important to understand that this might not be the best choice for everyone. It is also true to say that not all debt consolidations businesses offer a quality service.

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