Resources on basic accounting and payment terms business owners must know.
Learn what is variance analysis, the different types, the formula for calculating it, examples, and how to perform variance analysis to improve financial health.
Learn what is liquidity management, why it's important, the different types of liquidity, and best practices for effective liquidity management in your organization.
Discover what accounts receivable factoring is, the types of companies that commonly engage in AR factoring & why accounts receivable factoring is beneficial.
Learn what enterprise risk management (ERM) is and how it helps businesses plan for risks, maximize returns, and navigate uncertainties effectively.
Learn what is a variance report and how it helps businesses maximize profits. Grasp the variance report formula and how to get started with variance reporting.
Learn what is accounts receivable days & why AR days is crucial for businesses. Discover the AR days formula and how to calculate accounts receivable days.
Learn what is burn rate and how to use the burn rate formula to assess spending rate. Explore effective strategies to manage and reduce their burn rate.
Learn what a static budget is, how a static budget is an example of budgeting, how it compares to flexible budgets, and the pros and cons associated with it.
Discover what is an adjusted trial balance, why it's essential for financial accuracy, and how to prepare an adjusted trial balance with an example.
Learn what EBT (Earnings Before Tax) is, how to calculate it using the formula, and what it reveals about financial performance and industry comparisons.
Learn what ratio analysis is and how its formulas help assess a company’s solvency, efficiency, and profitability for more informed decision-making.
Discover what is budget planning, the steps to it, and why budget planning is important in managing cash flow and ensuring financial stability for your business.
