Resources on basic accounting and payment terms business owners must know.
Discover how hedge accounting works. We’ll discuss the different types of hedging instruments that can be used, the key principles and benefits associated with hedge accounting, and compliance and disclosure considerations.
Discover what invoice discounting is and how it works. Examine the advantages and disadvantages so you can make an informed decision about whether or not it's right for your business.
Learn effective steps for accurate account reconciliation and achieve financial clarity. Read the article to streamline your reconciliation process today!
Find everything you need to know about costs of goods sold (COGS), including how to calculate it and why it’s an essential business metric.
Join us as we shine a light on general administrative expenses. We’ll explain what they are, what they include, common examples, and how to manage them more effectively.
Understand what net 60 payments are and how they work. See real-life examples of how net 60 payments impact cash flow for small and medium-sized businesses.
Discover what counts as a valid expense receipt, why they are important for maintaining accurate records, and how modern financial management tools can streamline the process.
Dive into our complete guide to PO numbers. Discover what purchase order numbers are, why they are important when they are generated, and what role they plan in procurement and accounts payable processes.
Discover what emergency lines of credit are so you can decide whether it's something your business should have access to or not. Learn about the benefits and risks involved, as well as best practices for using them.
Understand what a credit utilization ratio is, how to calculate it, and how to manage it effectively for your small business.
Explore what a credit limit is and how it’s determined for small businesses, plus effective tips for managing it effectively.
Dive deep into adjusting journal entries. We’ll explore different types, provide examples, and discuss how and when to make journal entry adjustments.
Learn what discretionary expenses are, explore common examples, and dive into some important strategies that you can implement right now to more efficiently manage them.
Discover exactly what credit memos are, what information they include when and why they’re issued, and best practices for using them in your own organization.
Discover what audit trails are and what they’re used for, what kinds exist, and how to build and maintain an audit trail to improve your ability to trace your financial steps.
