How To Calculate Profit Margin?
It's essential for small business owners who want to improve efficiency, compare financial performance, and secure investment(s) to know how to...
Guide
What Is Bookkeeping?
Some of the common questions about bookkeeping are: What is bookkeeping? How does it work? Who is a bookkeeper? How much...
What Are Billable Hours? Setting Your Billable Rates
Billable hours is a value-based pricing method you use to ensure that every minute spent on a client's project is accounted...
What does arrears in accounting mean?
When a service is delivered and the agreed payment day is missed, or the pay comes after the due date, it's...
What is the difference between gross profit and net profit?
Understanding the difference between gross profit and net profit helps you see your company's financial position. While gross and net profit...
Accounts payable vs accounts receivable: Knowing the difference
Every business makes and receives payments which, in basic terms, explains Accounts payable vs. Accounts receivable. In this article, you'll understand...
Net 30 Payment Terms: What is it?
As a small business owner, receiving timely payments is often considered one of the most gratifying aspects of managing a business....
What is operating cash flow, and how to calculate it
What is operating cash flow, why is it essential for your business, and how do you calculate it? These are more...
What are Vat returns in accounting?
VAT returns are a way of getting refunds from the government on goods or services provided to customers. Before discussing more...
What are Expense Accounts in accounting?
"You have to spend money to make money" is everyday phrase entrepreneurs use. While spending helps to grow your business, tracking...