Resources on basic accounting and payment terms business owners must know.
Get the liability definition, learn what liability is, explore liability examples, and see how companies manage them for better financial security.
Discover what payment service providers are, what a PSP does, how they work, and the payment processing services they offer to businesses of all sizes.
Learn what is working capital ratio, how to calculate it using the formula, and what a good ratio indicates about a business financial health.
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.
Discover what fixed and variable expenses are, provide common examples of each, and explore how the two types of business spending are treated in your company’s financial statements.
Understand what miscellaneous expenses are for small businesses, how they impact financial performance, and how to manage them effectively for accurate reporting.
Learn how job costing helps businesses track project expenses, maximize profits, and make informed decisions by understanding job-specific costs.
