How is variance analysis used to evaluate performance? Are you uncertain about the true financial performance of your business? Are you missing out on valuable… Read More »How Variance Analysis Helps Evaluate and Improve Performance
How much should a small business pay for accounting services? As a small business owner, it’s important to carefully consider your expenses and allocate your… Read More »Small Business Accounting Services: How Much Should You Expect to Pay?
Components of a Small Business Acquisition Loan When a small business is looking to expand and grow, it’s common to seek financing options. One popular… Read More »A Beginner’s Guide to Securing a Business Acquisition Loan
Everything You Need To Know About Equity Accounts As a business owner, you may wonder what an equity account is and how it can help your… Read More »Unlocking the Secrets of Equity Accounts: A Comprehensive Guide for Business Owners
Why Financial Statements are Necessary There are a few reasons why financial statements are important. First and foremost, they provide transparency into the company’s financial… Read More »The Unbelievable Truth in Needing Financial Statements
Determining Purchase Cost and Calculating Cost of Inventory Inventory is one of the key costs associated with running a business. Managing inventory requires constant vigilance… Read More »Calculate Inventory Costs Like a Pro: Step by Step Guide
The Difference Between Expense and Liabilities In business, two main terms often get confused: expenses and liabilities. Expense is what a company spends to make money,… Read More »What are the Differences Between Expense and Liabilities?
Is Accounts Receivable a Revenue or An Asset? In accounting, the terms revenue and asset are often used interchangeably. However, there is a key distinction… Read More »Is Accounts Receivable a Revenue or An Asset?
Inventory and Cost of Goods Sold Inventory and cost of goods sold are two important factors in business. They help a business plan, forecast future… Read More »Inventory and Cost of Goods Sold: What You Need to Know
The Difference Between Accrual Basis Accounting and Cash Accounting Choosing the accounting method that best suits your needs is essential when starting a new business.… Read More »Accrual Basis Accounting Vs. Cash Accounting
Accountant Vs Bookkeeper: Which is Best for My Business? If you’re wondering whether you need an accountant or a bookkeeper for your business, it’s important… Read More »The Differences Between Accountant vs Bookkeeper
Difference Between Cash On Hand, Cash In Hand, and Petty Cash There are often confusion between the terms cash on hand, cash in hand, and… Read More »FAQ on Cash In Hand, Cash On Hand, and Petty Cash
Basic Accounting Terminologies Are you baffled by accounting terminology? If you know what a balance sheet is but don’t know what it means, we got… Read More »Accounting Terminology Guide For Every Business Owner
Why Accounting Software is Useful and Important For Your Business? Accounting can be tedious and time-consuming for many business owners. You’re probably spending hours staring… Read More »What are the importance of Accounting Software?
Accounting For Small Businesses When you think of accounting, what comes to mind? Do you think of numbers and equations, or do you think of… Read More »What is accounting and how does it work?