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September 8, 2021
accounts receivables process

Accounts Receivable Process Explained: Everything You Need to Know

If you are a small business owner who intends to switch from cash to credit method of selling, be prepared to deal with concerns like “what’s […]
August 27, 2021
tax liability

What Is Tax Liability And How To Calculate It

Benjamin Franklin once said, “in this world, nothing is certain except death and taxes.”. Whether you are employed, self-employed, or operate your own business, you will […]
August 26, 2021
owner's equity

Owner’s Equity: What Is It And How Do You Calculate It?

Most startup and small business owners tend to focus most of their time and efforts on understanding assets and liabilities while not considering “equity” as an […]
July 2, 2021
how to calculate net income

How To Calculate Net Income

The bottom line on a company’s income statement is often the best way to gauge its financial health and foresee a profitable future – if any. […]
July 1, 2021
difference between debit and credit

Difference Between Debit and Credit – Bookkeeping Basics Explained

In accounting, the terms “debits” and “credits” might get confusing at times. This gets even trickier if you are a small business owner with no prior […]
June 18, 2021
cogs vs expenses

COGS vs Expenses: What’s the Difference?

One of the frequently asked questions with regard to business spending is whether the Cost of Goods Sold (COGS) and operating expenses are the same thing. […]
June 11, 2021

The Growing Importance And The Role Of a Healthcare CFO

A healthcare chief financial officer (CFO),just like in any other industry or business, oversees all financial operations of the healthcare organization. From preparing financial statements and creating […]
June 11, 2021

How Are Payroll Taxes Calculated – A Step-By-Step Guide

Now, more than ever, small business owners find computing payroll taxes increasingly challenging. Having to look after the intricacies of their business, and strategize for growth, […]
May 16, 2021

Accounting 101 for Small Business Owners

If you’ve just launched or are about to launch your online store, congratulations! It takes uncommon passion and perseverance to get to where you are today. […]