Resources on basic accounting and payment terms business owners must know.
Learn what cash management is, why it matters, key activities, challenges, and strategies to improve cash management and strengthen business liquidity.
Learn the expense recognition principle, how it works, why it matters, and how to apply the expense recognition principle accurately with modern tools.
Learn what hyperautomation is, how it works, key technologies, benefits, challenges, and real business use cases to improve efficiency and decision-making.
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 what an unadjusted trial balance is, why it’s crucial for financial reporting, and how to prepare one step by step.
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.
Discover what account balances are and their importance to manage cash flow, debts, and investments effectively.
What are assets? Breaking down the definition to these important business resources, and providing strategic practices for better asset management.
Depreciation is a standard accounting practice of allocating the cost of an asset over its useful life. Learn how depreciation affects financial reporting and asset management for small and medium-sized businesses.
Interest expense refers to the cost incurred from borrowing funds and is classified as a non-operating expense. It reflects the interest due on various forms of debt, such as loans, bonds, lines of credit, or convertible debt.
Discover the difference between direct costs and indirect costs, learn about the importance of tracking both types of expenses, and explore practical examples and best tips for managing spending.
Learn how margin accounts can help businesses invest with less capital and maximize returns through smart borrowing and increased purchasing power.
