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Profit and Loss Statement Basics: Free Template and Guide

Accounting

Profit and Loss Statement Basics: Free Template and Guide

Businesses use an income statement, generally known as a profit and loss statement....

By Olivia Brown  |

2024-10-24 07:39:41

Which Is More Important For Small Business Owners: Gross Profit or Net Profit

Small Business

Which Is More Important For Small Business Owners: Gross Profit or Net Profit

Many business owners still don’t clearly know the difference between gross profit and net profit. Understanding the difference between these terms could impact your business in the...

By Lily Wilson  |

2024-10-24 07:34:05

Understanding Liabilities in Accounting: Common Examples

Accounting

Understanding Liabilities in Accounting: Common Examples

For every business person, controlling their finances is vital. One aspect which is often overlooked is liabilities. Whether you own a small company or operate a bigger...

By John Miller  |

2024-10-24 07:18:07

The Oldest Accounting Record: Insights from the Waste Book

Accounting

The Oldest Accounting Record: Insights from the Waste Book

The basis of financial management, accounting, has changed significantly over the ages, yet its initial roots were somewhat humble....

By Olivia Brown  |

2024-10-24 06:59:22

Cost of Goods Sold (COGS) Calculation: Step-by-Step Guide

Accounting and Bookkeeping

Cost of Goods Sold (COGS) Calculation: Step-by-Step Guide

If you are a business person running a little shop or a big corporation, knowing how much it costs to produce or purchase your products helps....

By Andrew Smith  |

2024-10-24 06:48:01

Accumulated Depreciation: What You Need to Know

Accounting

Accumulated Depreciation: What You Need to Know

For many investors, businesses, and accounting specialists, accumulated depreciation is a significant topic to zero in on....

By Lily Wilson  |

2024-10-24 06:39:26

Top Receipt Management Apps for Streamlined Finances in 2024

Accounting and Bookkeeping

Top Receipt Management Apps for Streamlined Finances in 2024

Managing your business finances means balancing several important functions simultaneously. During all this, receipts accumulate fast and may become lost in the...

By Olivia Brown  |

2024-10-24 06:34:43

How Outsourced Accounting Saves US Businesses Money

Accounting

How Outsourced Accounting Saves US Businesses Money

Accounting is essential for the growth of US business. Accountants provide financial leadership and strategic guidance. This allows US businesses to tap into the expertise of the...

By Lily Wilson  |

2024-10-24 06:17:29

Proforma Invoices: When and How to Use Them

Accounting

Proforma Invoices: When and How to Use Them

A proforma invoice has a significant role in domestic and international trade.It gives a clear picture about what to expect in a transaction to...

By John Miller  |

2024-10-24 06:12:28

Complete Guide to Hiring an Accountant: Pre- and Post-Hiring Steps

Hire Accountant

Complete Guide to Hiring an Accountant: Pre- and Post-Hiring Steps

Starting an accounting business can be a venture for individuals. It happens within finance. It also needs passion....

By John Miller  |

2024-10-24 05:52:53