Delayed payments are a persistent problem for small businesses, leading to increasingly severe effects and several concerns about their liquidity as a result. One in three businesses considers overdue payments one of the most serious dangers to their viability. A significant gap between income and managing real cash flow could be one major issue,…
DetailsWhen you run your own business, every sound of tick-tock in the clock is precious for you. But, when it comes to keeping yourself going, regardless of where you are in your business journey, you always look for sources to learn something new each day. For that, YouTube has been an excellent platform for…
DetailsThe duties of an accountant revolve around financial record keeping, decision making, and other aspects that can ensure that the company thrives well in the market. An accountant must prepare and analyze the financial records of a company while managing data that can be analyzed and used for consultation. The accountant is to ensure that…
DetailsInstagram has proven to be a valuable investment for marketing. To capture a new audience and engage with your existing customers, you must consider using Instagram for your business. With over one billion Instagram users, it is one of the most prevalent social media tools at your disposal. Why use Instagram for Business?…
DetailsIf you own a business, your gains are subject to taxes by the government. Business owners often lose a big part of their gains to income taxes. Therefore, it is essential for business owners to understand how to identify tax deductions relevant to their field of work. Higher tax deductions for small businesses also equate…
DetailsWith over 2 billion monthly users, Facebook gives small businesses several ways to promote their products and services, increase customer support and boost recognition in the market. Having a presence on Facebook is a must if you want your business’ content and products to reach a wide range of consumers. Benefits of Facebook for…
DetailsBusinesses operate to make profits while minimizing expenditure. To do so, companies need to document their expenses and income. A company can do this in various ways. One of the most effective ways that one can resort to doing so is by creating a financial statement. A financial statement provides information that can help assess…
DetailsIf you own or manage a company or know someone that does, you know that businesses account for all the expenses made for their upkeep. It is crucial to keep a record of transactions made by them to maintain economic stability. Several unaccounted transactions cause an imbalance in financial statements such as balance sheets, leading…
DetailsWhen it comes to accounting and bookkeeping, Debit and Credit are the two words you shall come across the most often. You can have a better knowledge of the accounting process by learning how debit and credit function. It might even make it easier for you to understand complex accounting concepts. What is…
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