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What Is ARN Number & How to Track Transactions?
Each time you buy or sell a product online, the purchase is given a specific number called an acquirer reference number (ARN). This number is shared with the bank and merchant, but it’s not...
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Cash Inflow vs Outflow: What’s the Difference?
A better understanding of cash flow will help you navigate your business finances with confidence. This article will give you insight on the differences between cash inflow and cash outflow, and how...
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What is Accounts Receivable Process?
To serve customers and clients, businesses often make arrangements to accommodate different payment scenarios. Not only does this process provide flexibility to customers, but it also ensures that...
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The 7 Best Accounts Payable Automation Software
In the course of standard operations, many businesses rely on outside vendors for goods and services. Once these are received, there must be a system for payment. This is where the Accounts Payable...
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4 Ways to Increase Accountability in the Workplace
You probably have several experiences where you had to take responsibility for your actions or inactions in your personal life. For instance, when you plan an outing with a friend, it’s your...
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What Is BAS (Basic Allowance for Subsistence)?
Short for Basic Allowance for Subsistence, BAS is a monthly benefit for United States military members. It’s tax-free and provided every month. Moreover, it helps offset the price of food that service...
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What is Negative Cash Flow & How to Manage It?
At different stages of your business, you might experience situations where your expenses outweigh incoming cash. This condition is known as negative cash flow. Should small businesses worry about...
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What is an Unclassified Balance Sheet?
When it comes to your small business accounting the more resources you have available, the better. Keeping track of assets, earnings, and expenses in an organized manner will get you through the...
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6 Best Accounts Receivable Software for Small Businesses
No company wants to deal with overdue invoices, but it’s often an inevitable part of doing business. Preventing overdue payments and skillfully handling clients who pay late is an accounts receivable...
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Formula for Margin of Error: How To Calculate in Easy Steps
Knowing the formula for margin of error is handy when it comes to market research. From analyzing online survey results to analyzing A/B tests, learning how to calculate the margin of error will help...
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Inventory Cost: Definition & Types
There are many different things that need to be considered when you’re running your own business. It can sometimes seem like you’re spinning plates as you’re trying to figure out the many different...
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How to Calculate Markup & Markup Percentage?
Markup is a central tenet of becoming a profitable, thriving business. This guide will help you master markup for a sustainable business! As a business owner, calculating the markup on your services...
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What Is The Accounting Cycle? Definition, Steps & Example Guide
The accounting cycle is a crucial part of any business. Accounting is made up of all of the ways that a business’s money moves. It documents every transaction, making sure that things are accurate and...
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What is Reserve Accounting?
To run a successful business, you must prepare for the unexpected. There might not be a way to arrange for every possible scenario. But there is a way to ensure that you don’t suffer too heavily from...
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Debt-to-Capital Ratio: Definition, Formula, Example & Calculation
The world of investments is a tricky place to navigate. Many investors can be on the wrong end of a bad investment and lose a significant amount of money. In order to try and reduce the risks...
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Difference Between Bookkeeper and Accountant
One of the trickiest things to stay on top of as a successful small business owner is your finances. It’s imperative that your financial data is accurate, current and organised. That’s why it’s so...
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What Is a Sales Journal Entry: Definition & Importance
No matter what kind of business you’re running, sales is an important part of it. Any time a sale is made, it needs to be recorded in your books of accounts. The act of recording that information is...
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Cash Inflow vs Outflow: What’s the Difference?
A better understanding of cash flow will help you navigate your business finances with confidence. This article will give you insight on the differences between cash inflow and cash outflow, and how...
View ArticleClik here to view.
What is Accounts Receivable Process?
To serve customers and clients, businesses often make arrangements to accommodate different payment scenarios. Not only does this process provide flexibility to customers, but it also ensures that...
View ArticleClik here to view.
The 7 Best Accounts Payable Automation Software
In the course of standard operations, many businesses rely on outside vendors for goods and services. Once these are received, there must be a system for payment. This is where the Accounts Payable...
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