Obsolete is different from slow-moving inventory in a few ways, but mostly due to its reaching a particular timeline. Slow-moving inventory can also continue to be sold after adjusting to price, marketing, and other efforts to get it out the door. A year seems like a short time, but in terms of the product lifecycle, and

Attorneys then bill against the trust account and earn the fees as services are performed. Unused retainer fees are then refunded to the client after the case is completed if there are any left over. A retainer fee is the first deposit of money retained in a retainer bookkeeping account before they provide any services. Once