Payroll is the process by which companies pay wages or salaries to their employees. In the actual business setup, procedures to achieve this involve more than just recording time worked.
What Are Generally Accepted Accounting Principles
Generally Accepted Accounting Principles (GAAP) encompass the standards, principles, and procedures companies must follow when compiling financial reports. For starting and small business owners who do their accounting on their
How to Understand and Use the Financial Statements (Infographic)
Being able to understand financial statements is one of the vital skills every investor, manager, and entrepreneur should possess. With this ability, investors can better identify opportunities, while managers and
How to Do a Cash Flow Analysis for Small Businesses (Infographics)
Cash flow is one of the main reports produced by the accounting function through business accounting software. This report reveals how the company spends its money (outflows) and from which
5 Ways to Make Your Business More Agile
The pandemic is one of the circumstances that challenge the business’s ability to adapt quickly. Agility is a rising strategy used by organizations to gain a competitive advantage and remain
5 Practical Ways to Stick to Your Small Business Budget
Budgets are critical in controlling where company resources go. Budgeting is not about spending every available money there is. Rather, it is about properly allocating resources to maintain normal operations
How to Ensure Positive Gross Profit Margin for Your Business?
Making a profit is one of the fundamental objectives of a business. However, achieving this is more difficult than it actually seems. Different factors and situations will affect how favorable