Resources on basic accounting and payment terms business owners must know.
Learn what a cash account is, how it works, the benefits and limitations that come along with it, and how to go about opening one.
Discover what trade receivables are, how they are recorded in financial accounting, and their importance and role in capital management.
Learn what is EBITDA, how to calculate it with its formula, and its role in evaluating profitability and financial health.
Discover the core differences between operating expenses and non-operating expenses and get practical tips for controlling and minimizing both kinds of business spending.
Learn what accounts receivable journal entries are and what they’re for, their importance in accounting, and how they impact financial statements.
Discover what are operating expenses and explore examples of OpEx. Learn how to track operating expenses, and best practices for managing them.
Learn what goods receipts are, how they support the inventory management process, and best practices and strategies for using them.
Learn what notes receivable are, how they’re treated in financial accounting and reporting, and how they impact cash flow management.
Discover what net earnings are, how to calculate it, why they are important, and how to use the metric to assess how a business is performing.
Learn what is service revenue, how it impacts financial statements and operational capabilities, as well as how to maximize it.
Learn about post-closing trial balances, their importance in accurate financial reporting, and how to prepare them.
Learn how assets and liabilities shape your business's financial health. Discover tips for tracking, managing, and leveraging them effectively.
