Resources on basic accounting and payment terms business owners must know.
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.
Understand what a credit utilization ratio is, how to calculate it, and how to manage it effectively for your small business.
Explore what a credit limit is and how it’s determined for small businesses, plus effective tips for managing it effectively.
Dive deep into adjusting journal entries. We’ll explore different types, provide examples, and discuss how and when to make journal entry adjustments.
Learn what discretionary expenses are, explore common examples, and dive into some important strategies that you can implement right now to more efficiently manage them.
Discover exactly what credit memos are, what information they include when and why they’re issued, and best practices for using them in your own organization.
Discover what audit trails are and what they’re used for, what kinds exist, and how to build and maintain an audit trail to improve your ability to trace your financial steps.
Discover what fixed and variable expenses are, provide common examples of each, and explore how the two types of business spending are treated in your company’s financial statements.
Understand what miscellaneous expenses are for small businesses, how they impact financial performance, and how to manage them effectively for accurate reporting.
Learn how job costing helps businesses track project expenses, maximize profits, and make informed decisions by understanding job-specific costs.
Explore effective resource allocation strategies for small and medium-sized businesses, understanding how to best optimize the delegation of your workforce, time, and financial resources.
Learn about the four primary kinds of procurement and how the work in practice. Plus discover eight important procurement strategies and when they are best used or avoided.
Lines of credit offer flexible access to funds, only paying interest on what's borrowed. Learn the types of lines of credit, the limitations, and use cases.
