Resources on basic accounting and payment terms business owners must know.
Learn what ACH fraud is, how to spot common ACH scams, and get expert tips on ACH fraud prevention, detection, and protection.
What are wages payable? Learn how the wages payable account works, how to handle accounts payable wages, and why accurate tracking is essential.
Tax planning is the process of analyzing financials to minimize tax liability through legal strategies. Learn what tax planning is, and how it works.
Explore all things discounted payback period, explaining how it differs from the standard payback period, how to calculate it, and the various pros and cons associated.
Discover what discount rate is, why it’s used, and how to calculate it, diving into some examples to illustrate.
Discounted cash flow (DCF) simplifies complex financial decisions by valuing future earnings today. Explore how DCF can guide your business investments.
Global sourcing offers cost savings and scalability by leveraging international suppliers. Explore its benefits and challenges for your business.
Learn about the importance of strategic sourcing and how it can help SMBs streamline procurement, save money, and support better relationships with suppliers.
Understand the differences between statement balance and current balance, and learn how to manage your credit account effectively to avoid interest and fees.
Learn about supply chain management, why SCM it’s important to SMBs, and how to optimize your supply chain for enhanced business performance.
Find everything you need to know about costs of goods sold (COGS), including how to calculate it and why it’s an essential business metric.
Join us as we shine a light on general administrative expenses. We’ll explain what they are, what they include, common examples, and how to manage them more effectively.
Understand what net 60 payments are and how they work. See real-life examples of how net 60 payments impact cash flow for small and medium-sized businesses.
Discover what counts as a valid expense receipt, why they are important for maintaining accurate records, and how modern financial management tools can streamline the process.
Dive into our complete guide to PO numbers. Discover what purchase order numbers are, why they are important when they are generated, and what role they plan in procurement and accounts payable processes.
