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When we talk about the basics of accounting, we often hear that accounting is all about managing your assets and liabilities. This happens because assets and liabilities are the most
Do you analyze your business accounts and your accounts receivable from time to time? If yes, then sometimes, you might have come across overdue or pending invoices. You might surely
Companies that sell products (and not services) have a financial reporting requirement called Cost of Goods Sold (COGS). Also referred to as “Cost of Sales”, COGS is an important term
When you operate a business, financial planning is a process that needs extra attention. To provide this attention, you should consider employing an accounting firm to help you. An accounting
As your business grows, the volume and the number of transactions increases. In such situations, entrepreneurs may find it difficult to focus on the core business activity and manage the
A business operates on capital and to keep a check on the income and expenses made in the business, regular and correct bookkeeping is crucial. Bookkeeping is the method of
Cash flow refers to the movement of cash in and out of a business. It is the capital required to run your business on a daily basis. For a smooth
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