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Saving you TIME and MONEY by making the Goods In Transit Accrual Process EASY.
Many companies rely on a GAAP practice when calculating their Goods In Transit Accrual at the end of each period. Unfortunately, this GAAP practice is based on assumptions and fall back positions that are unnecessary. This results in higher cost to calculate the accrual, longer time to close at the end of the period, and artificially inflating Net Inventory, which increases Working Capital.
We can show you how to:
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