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April 6, 2023
What is the Difference Between Revenue and Profit? As a business owner or entrepreneur, one’s ultimate goal is to maximize their profits and grow revenue. But despite […]
March 23, 2023
Have you ever found yourself buried under a pile of receipts, invoices, and financial statements, struggling to keep up with your business’s bookkeeping? If so, you’re […]
March 17, 2023
1. What is Accounting Equation? The Accounting Equation is a fundamental principle in accounting that represents the relationship between a company’s assets, liabilities, and Equity. The […]
March 16, 2023
What Is Supplemental Pay? Supplemental pay is any form of compensation, paid to employees apart from their regular wages or salary. That includes bonuses, overtime pay, […]
March 15, 2023
Expense report is a document used to record and report business expenses incurred by an employee during work-related activities. It typically includes information such as the […]
March 10, 2023
What Is Inventory Valuation Inventory valuation determines the value of a company’s inventory or stock at a particular time. This valuation is important for financial reporting […]
March 9, 2023
When it comes to borrowing money, it’s essential to know the terms of the loan agreement. One key distinction is that a borrower should know the […]
March 7, 2023
Incidental expenses (IE) are also known as incidentals. They are the minor fee and the main cost of the services, items, or any paid event during […]
March 2, 2023
What is FTE? Full-time equivalent or FTE is used by businesses to calculate the full-time hours worked within their business among all employees. It would not […]