Preventing Duplicate Payments in Account Payable
Managing accounts payable efficiently is crucial to maintaining financial health and preventing unnecessary losses. One common challenge tha
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- Mar 28
- 3 min
How to Handle Common Accounts Receivable Challenges
In the bustling world of business finance, managing accounts receivable (AR) is crucial and challenging. It can significantly impact your...
64
- Aug 8, 2022
- 2 min
Overhead Costs: Definition, Examples, And Calculation
It is vital to understand overhead costs in business operations. Other costs not related to labor, raw materials, and equipment are known...
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- May 22, 2022
- 3 min
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 12, 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...
271
- 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...
283
- 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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