Accounting
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Managerial vs. Financial Accounting: Understanding the Key Differences
When starting a business, all the paperwork and accounting may seem daunting. You have to analyze every step and decision you’ve made to plan where you want to be in the future and what you need to
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Expense Reports: A Complete Guide to Tracking & Creating – With Template
When your small business is always on the go, trying to keep track of all your business expenses can be a challenge. Luckily, it doesn’t have to be that way. By creating an expense report, you can tr
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Big 4 Attrition Crisis: KPMG UK Adjusts Bonus Structure Amidst Employee Exodus
Attrition is the word on everyone’s lips these days, and you can bet that the ongoing Big 4 exodus is keeping plenty of partners up at night. Given the aforementioned stress-related ins
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2022 Accounting Salary Outlook: Inflation & Job Market Trends
As of February 2022, inflation in the United States has hit a 40-year high at 7.9%; the last time inflation was this bad, many of you weren’t even alive so yay, think of this like Halle
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Accounting Master's Degrees: Salary Potential & Career Outlook
The AICPA finally got around to releasing its Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report (hereby referred to as the Trends report), whic
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Invoice Processing: Definition, Steps & Best Practices
Invoice processing involves the complete cycle of receiving a supplier invoice, approving it, establishing a remittance date, paying the invoice, and then recording it in the general ledger. It is a c
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Demand Planning KPIs: 20 Metrics for Accurate Forecasting
Demand planning is the process of forecasting demand for a product or service and aligning inventory and other resources to meet that demand by analyzing past results, changing market conditions and e
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Automate Accounts Payable: A Comprehensive Guide & Software Comparison
If your company still handles its accounts payable (AP) manually, you’re missing out on an opportunity to save time, money and aggravation. By automating the AP process,
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SaaS Accounting: A Comprehensive Guide for Finance Teams
Software as a service (SaaS) is the fastest-growing software sales model, but accounting complexity can pose challenges. Many of the challenges arise from how SaaS providers deliver their services: Th
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Effective Monthly Sales Dashboards: Examples & Key Metrics
All sales teams need data to determine whether they’re on track to meet their monthly sales goals and to motivate salespeople to step up their efforts if they’re lagging. A monthly sales dashboa
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Understanding Cost Basis: A Comprehensive Guide for Businesses
Revenue from sales of products or services is just one source of income for a business. A second income stream for many businesses is non-operating revenue from capital asset investments. Any business
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Construction Job Costing: A Comprehensive Guide to Optimization
Construction job costing is a detailed pricing method used to accurately calculate project expenses by looking at all the granular costs for each project. This level of specificity helps you more prec
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Construction Change Orders: A Comprehensive Guide
As in many areas of life, change is inevitable when it comes to construction projects. The owner decides to alter a design, a hurricane hits and knocks off delivery deadlines,
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Understanding Accounts Receivable (AR): A Comprehensive Guide
Accounts receivable are cash amounts that clients owe your company. The goods or services have been delivered and the invoice sent. Now, it’s just a matter of time before you receive payment for a job
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24 Essential Cash Flow Metrics & KPIs for Business Success
Understanding cash flow is one of the primary steps in making sure your business finances are sustainable. Cash flow is the amount of money coming into and leaving your company during a specified time
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Unlock Efficiency: 10 Key Benefits of Accounts Payable Automation
What is AP automation? Accounts payable (AP) automation software empowers businesses by reducing manual tasks and freeing up cash flow. You can submit invoices, manage approvals and process
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Double-Entry Bookkeeping: Definition & Importance
What Is Double Entry? Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least t
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Discounted Payback Period: Definition & Calculation
What Is the Discounted Payback Period? The discounted payback period is a capital budgeting procedure used to determine the profitability of a project. A discounted payback period gives the num
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Consolidation Explained: Financial Accounting & Mergers
What Does It Mean to Consolidate? To consolidate (consolidation) is to combine assets, liabilities, and other financial items of two or more entities into one. In the context of financial accou
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Cash Accounting Explained: A Simple Guide for Businesses
What Is Cash Accounting? Cash accounting is an accounting method where payment receipts are recorded during the period in which they are received, and expenses are recorded in the period in whi
Accounting
- Understanding Additional Paid-In Capital (APIC): Definition & Significance
- E-commerce Automation: 6 Essential Solutions to Boost Sales & Efficiency
- Accounting Reconciliation: A Comprehensive Guide
- Understanding Normal Profit: A Key Concept in Economics
- Understanding Administrative Expenses: A Comprehensive Guide
- SaaS Accounting: A Comprehensive Guide for Finance Teams
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Understanding Check Cashing Services: Fees, Services & How They WorkThe exterior of a check cashing establishment in an urban neighborhood. For those outside the traditional banking system, or those in a hurry, check-cashing establishments can be a valuable r...
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Beginner's Guide to Investing in Stocks: A Step-by-Step ApproachWant to learn how to invest in stocks but don’t know where to start? You’re not alone. Many people have a general idea that investing in stocks would be a smart decision for their financial future. Ye...
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Retirement Planning: 5 Often-Overlooked Factors for Financial SecurityIf you love cat pictures, today is your lucky day. Because Im back! As longtime readers will recall, I contributed to Get Rich Slowly from 2009 to 2013. I often wrote about more “technical&...
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Balance Sheet Analysis: A Comprehensive Guide for Financial HealthBalance sheets contain useful information for assessing a companys financial risks. A balance sheet is a financial statement that details a company's financial positions as of a given dat...