Intro to the Accounts Payable Process
The term “accounts payable” encompasses almost all the non-payroll payments a business makes. It’s an integral part of your company’s financial statements. If you fail to track billing properly, the …
What To Know Before Signing a Business Lease
Looking for premises for your business? Don’t be in a hurry! A business lease requires some research. You need to make sure the space works for you. Before you’re ready …
Are Financial Forecasts Reliable?
There are many types of financial forecasts, but they fall into two categories: quantitative and qualitative. To understand the pros and cons of any forecasting method, you’ll first need to …
Are You Overwhelmed by Financial Duties
Your small but growing company is ready for the next level: you’ve built a strong customer base and you are diversifying your markets and revenue sources. Now it’s time to …
How To Ensure Your Company’s Financial Statement Assertions Are Accurate
A company’s financial managers are responsible for accurately reporting all of the organization’s financial activities. They confirm this accuracy in the financial statement assertions, which are explicit or implicit assertions …
Should You Introduce Profit-Sharing — and How?
Your business is doing well, and you want a way to share some of your firm’s profits with the people who helped create its success. The solution might seem obvious: …