What is debt financing? Debt financing differs from equity financing, in which you raise funds by selling bonds, and buyers become your shareholders and must pay for their shares. Debt financing is when you raise money while running a business, which can be a short- or long-term loan. Bank loan Using […]
How computerization helps the business? Computerized accounting: Accounting software uses computer and software packages to record, store and analyze financial data. Even though most companies use accounting packages at present, it is essential to know the underlying principle of accounting is necessary before starting to use the accounting packages. A computerized […]
How to record the information in bookkeeping? There are three methods available in bookkeeping, these are: Proprietary system: Usually used by a small trader or sole trader. The single entry system: Analyses the cash book system, which is commonly used and involves keeping books of accounts. Double entry system: To build […]
You will encounter These main concepts in the company’s daily accounting. Accounts period for a business: – Accounts payable- The money a company owes to suppliers, bills, and wages Accounts receivable – Money receivable from customers Accruals -These are the income & expenditure that is accounted for and not when cash […]
Start Your Business for Success-The First Time You are considering starting your business and know you must attract and retain customers while remaining in control. Determine how much money you need to start your business. Before you hit the ignition button and start your business, ask yourself these ten questions to […]
Accounting Strategies that Help Grow Your Business Budgeting and cash flow monitoring are some of the many crucial factors in managing a business. If you do not know how much you receive and spend, you do not know your financial situation. If you go to work, you know the monthly salary […]
The complete guide to bookkeeping for small business Description I am Vathani Ariyam, the author of this online course; employed as an accountant for a long time in the UK, and I create online courses, write eBooks, and do some accounting work with a few clients. I have created this course […]
The best ways to find finances for small businesses How does invoice factoring work? Many minor businesses face financial issues when running the company, and some do not know how to get finances using their invoices. Almost everyone knows about getting loans for the business without realizing the stress that will […]
*What is the scope of financial management in business? In any business setting, financial management is vital; if you can do it from the start of your business, that helps you in the long run. First, let me tell you what financial management is. When you run a business taking care […]