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October 6, 2023
Accountants and bookkeepers use “account reconciliation” to ensure all the transactions are recorded correctly in the company’s financial records. It helps keep track of the company’s […]
October 5, 2023
Financial forecasting is like looking into a crystal ball for your business’s money. It helps us guess how much money we might make or spend in […]
September 29, 2023
Exploring Operating Cash Flow (OCF) Operating Cash Flow, often called cash flow from operating activities, is like a snapshot of a company’s financial health. It […]
September 15, 2023
Gross margin is an essential indicator of a company’s ability to produce goods or services efficiently while generating a profit. It stands as one of the […]
September 13, 2023
The business entity principle emphasizes the necessity of maintaining distinct and separate accounting records for a business entity, ensuring that its financial transactions are kept apart […]
September 8, 2023
Each corporation must allocate a portion of its financial resources, from cash reserves, profits, or borrowed funds, toward delivering goods and services to customers or expanding […]
September 7, 2023
Companies acquire physical resources and tangible assets to enhance their business value. Examples include vehicles, machinery, cash, inventory, equipment, and land. These assets have a finite […]
August 29, 2023
NetSuite, a robust cloud-based Enterprise Resource Planning (ERP) solution, has gained widespread recognition across businesses of all scales. Its tools and capabilities empower organizations to streamline […]
August 25, 2023
Accounting is the backbone of any successful business, providing essential insights into its financial health and performance. From small startups to established enterprises, the intricacies of […]