Resources on basic accounting and payment terms business owners must know.
Xero is a cloud-based accounting software specifically designed to meet the financial management needs of businesses, freelancers, and growing companies.
Discover what is a sales invoice and how a professional sales invoice helps you get paid. Learn to create a sales invoice with our guide and templates.
Learn how early payment discounts work to save money and improve cash flow. Discover when to pay early and how automation helps capture business saving.
Learn what is accounts receivable days & why AR days is crucial for businesses. Discover the AR days formula and how to calculate accounts receivable days.
Learn what is burn rate and how to use the burn rate formula to assess spending rate. Explore effective strategies to manage and reduce their burn rate.
Learn what a static budget is, how a static budget is an example of budgeting, how it compares to flexible budgets, and the pros and cons associated with it.
Discover what is an adjusted trial balance, why it's essential for financial accuracy, and how to prepare an adjusted trial balance with an example.
Learn what EBT (Earnings Before Tax) is, how to calculate it using the formula, and what it reveals about financial performance and industry comparisons.
Learn what ratio analysis is and how its formulas help assess a company’s solvency, efficiency, and profitability for more informed decision-making.
Discover what is budget planning, the steps to it, and why budget planning is important in managing cash flow and ensuring financial stability for your business.
Discover what FinTech APIs are, how they work, the various types available, and how to choose the right FinTech API for your specific use case.
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 EBITDA means, how to calculate it, and why it matters. Includes the EBITDA formula, real-world examples, and key insights into profitability.
Discover the core differences between operating expenses and non-operating expenses and get practical tips for controlling and minimizing both kinds of business spending.
