Chidiogo Emmanuel

What does arrears in accounting mean?

Aug 18, 2022 Guide Small Business 4 min

When a service is delivered and the agreed payment day is missed, or the pay comes after the due date, it's...

Chidiogo Emmanuel

What is the difference between gross profit and net profit?

Aug 12, 2022 Guide Small Business 4 min

Understanding the difference between gross profit and net profit helps you with a clear view of your company's financial position. While...

Chidiogo Emmanuel

Accounts payable vs accounts receivable: Knowing the difference

Aug 8, 2022 Guide Small Business 6 min

Every business makes and receives payments which in basic terms explains Accounts payable vs. Accounts receivable. In this article, you'll understand...

Chidiogo Emmanuel

What do net 30 payment terms mean?

Aug 5, 2022 Guide Small Business 6 min

Most small business owners are likely to say that getting paid in time is one of the exciting parts of running...

Chidiogo Emmanuel

What is operating cash flow, and how to calculate it?

Aug 4, 2022 Guide Small Business 3 min

What is operating cash flow, why is it essential for your business, and how do you calculate it? These are more...

Chidiogo Emmanuel

What are Vat returns in accounting?

Aug 3, 2022 Guide Small Business 3 min

VAT returns are a way of getting refunds from the respective authorities of countries on goods or services provided to customers....

Chidiogo Emmanuel

What are Expense Accounts in accounting?

Jul 29, 2022 Guide Small Business 3 min

"You have to spend money to make money" is everyday phrase entrepreneurs use. While spending helps to grow your business, tracking...

Chidiogo Emmanuel

What are liability Accounts in accounting?

Jul 28, 2022 Guide Small Business 4 min

When your business has an obligation to pay money to vendors for services or products received, these are listed in the...

Chidiogo Emmanuel

What are Asset Accounts in accounting?

Jul 26, 2022 Guide Small Business 4 min

Without Assets, making a case for an active and healthy business is challenging. Asset Accounts show a list of your company's...

Chidiogo Emmanuel

What is a 1099 NEC form used for?

Jul 21, 2022 Guide Small Business 4 min

As a small business owner, you are already familiar with working with the Internal Revenue Service (IRS) forms. The 1099 NEC...