How Do You Invoice Billable Hours?
To invoice billable hours, you should keep accurate track of the time spent doing a client's work. As a freelancer or...
Guide
Gross Profit Margin: How to Calculate It
One way to measure the profitabiıliy of your business is to calculate the gross profit margin. To provide services or goods...
Net Profit Margin and How To Calculate It
Implementing better cost control and minimizing expenses can help a small business achieve a higher net profit margin and overall business...
Operating Profit Margin: Formula and How To Calculate It
The operating profit margin (OPM) should be a key performance indicator if you aim to sustain and grow your business. From...
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...
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...