Author: Anfisa Dmitrieva

Keep track of your inventory, setting reorder points and replenishing stock, and organizing SKU, cost, stock on hand, and more. Connect your bank feeds and eliminate manual data entry and simplify payment acceptances with automatic reconciliation. Before joining the team, she was a Content Producer at Fit Small Business where she served as an editor … Continue reading “Cloud accounting: Best Accounting Software For Small Business 2023”

Work-in-progress reporting should include any details of expenditure you’ve spent. Construction-in-progress, or work-in-progress reports, are a type of regular accounting that construction firms use to understand whether ongoing projects are on budget. One of the biggest challenges in construction accounting is that income and their corresponding expenses rarely occur in the same billing period. When … Continue reading “Construction in progress accounting: Construction In Progress Journal Entries: Their Purpose And Impact On Financial Statements”

A change in the net working capital can have a remarkable effect on the business’s financial health and performance. That is why it becomes important to understand what net working capital is, how to calculate it, and what changes it can undergo. Once you understand that, you can then focus on improving your NWC. Below … Continue reading “Change in net working capital: Change in Net Working Capital Formula Calculator Excel Template”

The other approach is to look at the credit rating of the firm found from credit rating agencies such as S&P, Moody’s, and Fitch. A yield spread over US treasuries can be determined based on that given rating. That yield spread can then be added to the risk-free rate to find the cost of debt … Continue reading “Cost of debt: Cost of Debt How to Calculate the Cost of Debt for a Company”

This course is completely online, so there’s no need to show up to a classroom in person. You can access your lectures, readings and assignments anytime and anywhere via the web or your mobile device. Let us know what type of degree you’re looking into, and we’ll find a list of the best programs to … Continue reading “Certified bookkeeper: How To Become a Certified Bookkeeper”

If your overhead costs are too high, your small business is going to experience cash flow problems. Costs like high rental costs, expensive car leases and travel can eat into your profits quickly. When you have high overhead costs you’re fighting an uphill battle. You have to sell more just to cover your overhead costs … Continue reading “Cash flow problems: 6 Reasons Companies Experience Cash Flow Problems”

In other words, such assets are expected to deliver value and benefits in the long run. It provides insight into all the cash that enters and leaves the business through its operating, investing, and financing activities. Similarly, the statement of cash flow portrays the company’s net cash flow for a certain financial period. Merchants may … Continue reading “Cash flow from financing activities: Cash Flow from Financing CFF Formula + Example”

When you automate a business process, you can expect a consistent standard of outcomes every time. Standardization helps position your organization as reliable, which in turn can help increase your customer base. With business process automation, every detail of a particular business process is recorded. It is a cloud-based, no-code application, which doesn’t require extensive … Continue reading “Business process automation: 13 Business Process Automation Benefits to Your Company”

Bookkeeping is different from accounting in that it is the critical first step in tracking all business activities. While bookkeeping provides oversight into each individual transaction (in order to catch discrepancies and correct mistakes), accounting provides a thorough analysis of these numbers. For instance, ever looked at your bank statements and thought, Where is all … Continue reading “Business bookkeeping: Small Business Bookkeeping 2023 Guide”

Once you have a set process for documenting and reporting your finances, stick to it. Liabilities are everything that your company owes in the long or short term. Your liabilities could include a credit card balance, payroll, taxes, or a loan. The frequency in which you review and evaluate your methods is bound to be … Continue reading “Business accounting: Free Accounting Software for Small Businesses”