What is the difference between cash & profit? Cash is the amount that comes into the company and goes out of the company; the leftover is your cash balance in your business. That is used to pay your bills and expenses. The cash you receive in your business could be from […]
Advantages of Cloud accounting software Cloud bookkeeping has created a significant step-change in efficiency for the accounting industry. Cloud bookkeeping automates manual tasks at its core, so there is more time to spend on essential things in a business. You can work from anywhere with a laptop and an internet […]
Accounting Made Easy with Business Credit Cards Finance your new venture. Accounting Made Easy with Business Credit Cards Worn-out by a regular 9 to 5 job? Does your thankless work stifle you? Have you swapped your dreams away for an emotionally unsatisfying life? If you have finally decided to free yourself […]
Accounting Methods Cash and Accrual When starting a business, you must determine how to use it for accounting and paying taxes. The two choices are the cash method and the accrual method. Cash Method The payment method is probably your best accounting choice if you want simplicity. Income and deductions can […]
The Help in Using Business Credit Card Is a business credit card helpful? ‘Yes’ -is the answer that comes out almost immediately? That is true, at least for most businesses (tiny businesses). Before we delve deeper into how business credit cards are helpful, let’s try and understand what a business credit […]
Show yourself the money. You cannot start a business without capital. Determine what you have, need, and how you will get it. If you plan to seek investor funding or financing, start writing a business plan and practice your pitch. Research the costs associated with your business. Know how much money […]
How do successful businesses avoid such difficult times? These businesses maintain a meticulous cash flow system, checking and balancing daily, and take enough care when dealing with cash by qualified personnel. They use cash flow management skills. You are a small new business, and if you desire to move forward, you […]
Course Description I am the author of this online course, “Managing Cash Flow,” a valuable course for small business owners and students who want to study accounting courses. Suppose you plan to set up a small business better to create a cash flow statement even before the company’s start-up. In that […]
