Accounts payable is a bill to be paid or the money owed to a creditor. But first, let me ask you a question. Who wouldn’t love the idea of cutting costs but also spending wisely? Everyone right? Managing accounts payable and receivables can help you with this idea. A real-world example of account payable is…
Since the availability of the adorable Internet, we have shifted and outsourced the majority of our work to the Internet. Accounting is one of those things. This is why we have seen a rise in the cloud accounting software. If you are a business owner who wants to use accounting software, cloud accounting software is…
Advance payment is as safe to ensure proper cash flow especially if you are a small business owner who doesn’t have fluid cash flow like big businesses have. Small businesses deserve an equal opportunity at work. But they may not have the financial backing to undertake large projects. And here’s where advance payment comes into…
Certain things just dont mix well like milk in Maggie or your parents and your goal plans, and even tho you can separate your goa plans and your parents .You should separate your business and personal finances separately. On paper this might sound simple and easy, but one day to get some groceries from…
It was a Monday morning and I was responding to an important email on my laptop. One of our vendors had sent me an invoice couple of weeks back he was reminding me that it is already overdue. I had a feeling that I already issued a payment and even got the receipt for it.…