What is the difference between net income and profit margin? Any business might have different types of income and expenses—the total taken into to prepare the financial statements to calculate the profit or loss of the company. Revenue. Revenue is the income that a business can get through the sales of […]
What information do accountants ask a start-up? The questions from an accountant depend on the type of the start-up; as you have not mentioned the business that you have planned to do, I am just going to give some general information, but that might not apply to your business entirely. First, […]
How is your cash flow positive each month? All businesses should have a cash flow to monitor the daily income and expenses in the industry to no know-how cash is coming in and cleaving the company. Monitoring, cash flow, budget, and working capital help the business run smoothly; also, the owner […]
What business decisions depend on accounting? Any business will have to make many decisions when they run the business—maybe starting from employing staff and changing marketing strategies and production methods, which again depends on accounting. First, let me show you how they use accounting information and in what format. The bookkeeper […]