Bookkeeping

You can even adjust how far back the system looks to calculate your sales velocity, allowing you to adjust for any potential seasonality or outlier sales. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Whether you’re a small business or a national brand, you’re […]

It seems Einstein would not be too happy with the way people revere the most popular financial gurus. Fans of gurus will continue to stand up for their heroes despite displays of lack of character and lack of sense. Fans are invested in their heroes; to admit their guru isn’t perfect is to admit they

But they can also be projected quarterly for businesses that are scaling rapidly (like SaaS startups) or with a longer-term view of 3, 5, or even 10-year time scales. Obviously, the further out financial projections are made, the less accurate they’re likely to be. Small business owners and new entrepreneurs are the ideal users for

Liabilities are unsettled obligations to third parties that represent a future cash outflow, or more specifically, the external financing used by a company to fund the purchase and maintenance of assets. Unearned or deferred revenue refers to a form of advanced payment given by consumers for a product or service not yet received. For example,

She has worked in multiple cities covering breaking news, politics, education, and more. Otherwise, the net amount would be payable in a maximum of 20 days (i.e., 20th January). Otherwise, the full amount is due on the 20th from when the invoice was initially generated. On the contrary, the debtor, who has purchased the goods,

It is also based on geographical factors as companies ensure that the geographical distance is a minimum to avoid any cultural or traditional barriers. Outsourcing to India offers cost savings due to a large, skilled workforce, lower labour costs, and favourable exchange rates. India also boasts a strong IT and service sector, providing expertise in

Instead, credit card accounting principles require that you list them as expenses. If you do, that’s great news for the 80% of consumers who prefer playing with plastic. But, it comes with additional business responsibilities, such as recording credit card sales in your books. The cash less the fee is received from the credit card

As we exit the small business financial crisis caused by the corona virus, many lenders are either tightening their credit requirements or pulling out of lending altogether—at least in the short term. In a post-COVID world, factoring is one of the financing options that will still be available to small business owners before a bank