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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,...

As a contractor, you are working on many projects, whether it is a small task or a big project, it requires months, years, or even...

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....

In the construction industry, managing financial intricacies like 'retainage' — a practice where a portion of the contractor's payment is...

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

Many businesses undertake long-lasting projects with substantial budgets but struggle to find an effective way to invoice customers. Many...

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

As a business owner, it’s important to differentiate the meaning of a trial balance and balance sheet so you can use them for the right purpose. Both the trial balance and balance sheet are essential types of financial reports that help verify accounting accuracy and support business decision-making. A trial balance definition is a summary report that lists all the balances of the general ledger accounts at a specific point in time, ensuring that total debits equal total cred

Under an untrained eye, bookkeeping and accounting may appear to be the same profession. It’s a common misconception regarding the two...

During our lifetime, you always want to give the best things to your beloved ones. And while sending valuable gifts to your spouse,...