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What is Profit Margin? Simple Steps to Calculate It

Accounting

What is Profit Margin? Simple Steps to Calculate It

The operating profit margin is a crucial indicator for small businesses. It aims for a range of 10-20%. However, these benchmarks can vary across...

By Olivia Brown  |

2024-10-18 07:16:11

Double-Entry Accounting Made Simple: A Guide for Beginners

Accounting

Double-Entry Accounting Made Simple: A Guide for Beginners

Accounting is a necessity for businesses. The business world is complex in numbers. It includes from sales to costs and every step in between....

By Lily Wilson  |

2024-10-18 06:57:15

Employee vs Contractor: What Sets Them Apart?

Accounting

Employee vs Contractor: What Sets Them Apart?

Have you ever been grabbed in a chat about work and saw yourself mixing up 'contractors' with 'employees'? It's a little more than job titles. After all, understanding the clear-cut transitions is...

By Andrew Smith  |

2024-10-18 06:56:21

How Cloud-Based Accounting Improves Business Efficiency

Accounting

How Cloud-Based Accounting Improves Business Efficiency

Cloud-based accounting services have revolutionized business finance management by providing real-time access to financial data as well as automated...

By Andrew Smith  |

2024-10-18 06:47:18

11 Best QuickBooks Alternatives for Small Businesses in 2024

Small Business

11 Best QuickBooks Alternatives for Small Businesses in 2024

Investing in the best accounting software for small businesses is necessary. It is designed to facilitate the operations of the accounting business. That is a prudent...

By Olivia Brown  |

2024-10-18 06:37:45

Variable Costs Explained: A Simple Overview

Accounting and Bookkeeping

Variable Costs Explained: A Simple Overview

Variable cost stands as a type of corporate expense that determines the selling and production of a company....

By John Miller  |

2024-10-18 06:37:07

How to Choose the Right CPA for Your Startup’s Financial Health

Startups

How to Choose the Right CPA for Your Startup’s Financial Health

A great idea is the foundation of startups. The firm finds itself in the course of a quickly expanding company. It happens when an idea catches on and the services are in high...

By Lily Wilson  |

2024-10-18 06:17:02

12 Must-Ask Questions When Hiring an Accountant for Growth

Hire Accountant

12 Must-Ask Questions When Hiring an Accountant for Growth

U.S. businesses have become increasingly intricate. Thus, the role of accountants becomes more crucial. The accountants offer financial advice, strategic guidance,...

By John Miller  |

2024-10-18 05:54:56

Petty Cash Explained: How to Manage It Effectively

Accounting and Bookkeeping

Petty Cash Explained: How to Manage It Effectively

Businesses save petty cash, which is a small, readily accessible sum of money, to cover little, ongoing expenses....

By Andrew Smith  |

2024-10-17 13:09:50

Financial Literacy Essentials Every Small Business Owner Should Know

Small Business

Financial Literacy Essentials Every Small Business Owner Should Know

Small businesses, especially based in the U.S should have accurate financial literacy. Businesses who have a clear idea of the basics of finances have a higher rate of making it in the corporate...

By Andrew Smith  |

2024-10-17 11:53:37