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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...

As a small business owner, you should regularly look at your income statements to determine whether your company is making a healthy...

Administrative tasks like law firm billing and invoicing can be tedious and time-consuming and you may be stuck if you don’t implement...

Incorrect overhead rates create problems because they do not accurately describe the current overhead of a business

Along with direct materials and direct labor, overheads are also a very important cost element to determine directly to your business’s...

When a small construction company does not get its payables, it is more vulnerable to damage than a large company with large cash reserves.

The current ratio is one of the important indicators when it comes to determining a company’s solvency - the ability to pay its...

Variable costs and fixed costs comprise the total cost of your business activity. While these costs seem complicated at the first plan,...

In accounting, bookkeepers and accountants often refer to the process of closing entries as closing the books. Closing entries accounting...

In today's fast-paced business environment, efficiency and accuracy in financial management are not just goals; they are necessities....

Are you finding the best accounting software that fits your business needs? We’ve rounded up the best accounting software that makes it...

As a small business owner, you have everything on your plate, from taking care of customer relationships, marketing and sales, finance,...