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Invoice financing
Many businesses face cash flow problems because of the delay in receiving customer payments, which brings many difficulties. They use invoice financing to overcome that issue by receiving 75% to…
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How do you work out retained earnings?
How do you work out retained earnings? What has retained earnings? Usually calculated at the end of each financial year by doing the profit and loss account and then deducting…
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What are the advantages of setting up a limited company for your business?
What are the advantages of setting up a limited company for your business? You might have been running a business as a sole trader, and now you realize that your…
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Gross profit and stock valuation
*Gross profit and stock valuation Gross profit is shown in the income statement as a figure after deducting all the associated costs in producing your product or services from the…
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Financial ratios are part of monitoring Budget and cash flow
Financial ratios are part of monitoring Budget and cash flow An economic rate requires reasoning the connection between two figures and asserting the meaning of that correlation. Financial ratios used…
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Classification of ledger accounts
Classification of ledger accounts When entering the business transaction into five types of accounts becomes the classification of accounts is as follows. And some accounts of these are balance sheet…
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