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Your Guide to the Accounting Cycle

The accounting cycle is an important part of the normal operations of a business. A typical accounting cycle is broken up into different...

Your Guide to Business Journal Entries

If you’re a small business owner, you’ve probably had to sit down and look at your finances. However, there’s also a pretty good chance...

Your Guide to Liability Accounts

There are lots of different types of liability accounts to keep in mind. Pretty much every business deals with liabilities. Liability is...

How to Cut Down Your Fixed and Variable Costs

The rising cost of living has affected businesses all across the world. However, even in the middle of this trying period, there are...

Cash Basis Accounting vs. Accrual Accounting

There are two ways to record accounting transactions in the world of accounting: cash basis and accrual basis. The accrual basis is based...

Is it money or the capacity to execute that is preventing your firm from growing?

And they will cite a wide range of justifications for why they are not succeeding in their growth objectives. The most frequent...

What is Cash Outflow?

Cash outflow is a term that is used when cash is paid out from a business. The payments a company need to make can include payment of...

Chart of Accounts Guidance

A chart of accounts is integral when running a business, but many companies do not have their finances organized proactively. Although...

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