Serious Consequences of Bad Bookkeeping in Your Small Business
For small business owners, you have more fires to put out and issues to deal with. Bookkeeping is often seen as one of the most...
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- May 5, 2022
- 3 min
What Is Inventory Management? - Benefits, Types, and Techniques
In this article, we’ll learn about inventory and the best practices for proper inventory management. Let’s dive in. What is Inventory?...
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- May 3, 2022
- 3 min
3 Types of Accounting: A Guide to Financial, Managerial, and Cost Accounting
Accounting is divided into several sections, but for small business owners, there are three types that are necessary to generate financial i
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- Apr 11, 2022
- 3 min
How to Calculate Cash Flow
Simply put, cash flow is a reflection of how money moves into and out of your business. For small businesses, in particular, cash flow is...
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- Apr 8, 2022
- 3 min
Gross Profit vs Net Profit: What’s the Difference?
As a small business owner, you should regularly look at your income statements to determine whether your company is making a healthy...
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- Mar 28, 2022
- 5 min
Law Firm Billing: Ultimate Guide and Best Practice
Administrative tasks like billing and invoicing can be tedious and time-consuming and you may be stuck if you don’t implement the proper...
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- Mar 23, 2022
- 4 min
8 Most Common Construction Accounting Mistakes That Cause Catastrophic
Incorrect overhead rates create problems because they do not accurately describe the current overhead of a business
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- Mar 22, 2022
- 2 min
Overhead Cost - How to Calculate
Along with direct materials and direct labor, overheads are also a very important cost element to determine directly to your business’s...
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- Mar 18, 2022
- 9 min
Construction Billing Methods: Never Waiting on Unpaid Billing
When a small construction company does not get its payables, it is more vulnerable to damage than a large company with large cash reserves.
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- Mar 17, 2022
- 3 min
What Is The Current Ratio? Formula and Examples
The current ratio is one of the important indicators when it comes to determining a company’s solvency - the ability to pay its...
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- Mar 8, 2022
- 4 min
Variable Cost - Definition, Example, and Guide to Reduce
Variable costs and fixed costs comprise the total cost of your business activity. While these costs seem complicated at the first plan,...
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- Feb 23, 2022
- 2 min
Closing Entries: Everything You Need to Know
In accounting, bookkeepers and accountants often refer to the process of closing entries as closing the books. In this part, we’ll take...
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