Accounting 101

The budgeting process can be a very complicated one. For many issues, businesses find they benefit...

Account reconciliation is the process of comparing the balance of your financial statement amounts...

The purpose of the cash budget is to provide a forecast of cash inflows and cash outflows during...

The purpose of an Operational Budget is to: Plan for the future – If you want to expand marketing...

The purpose of a budget for a small business is to estimate the revenues and expenses for a given...

Let’s first discuss what Accounting is. According to the American Institute of Certified Public...

The Net Profit Margin is a financial ratio that measures Profitability. It measures the ability of...

The Gross Profit Margin is a profitability ratio. It is helpful because it calculated the percent...

Broadly, there are four things you can do with Risk. You can Accept, Avoid, Control or Share. Most...

Revenues are gross Sales or Inflows resulting from providing goods and services to customers....