How to create a financial plan to increase sales? I am answering your question because you have a business where you try to sell a product before you want to know about the financial plan that sets up the product. A financial plan is crucial for any business; if you do […]
How is your cash flow positive each month? All businesses should have a cash flow to monitor the daily income and expenses in the industry to no know-how cash is coming in and cleaving the company. Monitoring, cash flow, budget, and working capital help the business run smoothly; also, the owner […]
What business decisions depend on accounting? Any business will have to make many decisions when they run the business—maybe starting from employing staff and changing marketing strategies and production methods, which again depends on accounting. First, let me show you how they use accounting information and in what format. The bookkeeper […]
*Why are stakeholders essential in an organization? What are stakeholders? Any individual who has an interest in an organization and the outcome of its activities is a stakeholder. So, it could be employees, shareholders, customers, suppliers, the community, investors, and the government. Different stakeholders have different interests. What is a stakeholder […]
What tips for keeping small business books with Excel? Using Excel for small business accounting is easy, but it will take some time to post all the transactions into Excel. You have to create a spreadsheet to enter your daily transactions. But it would be best to have different spreadsheets for […]
Why is funding necessary for business? Every business needs a funding source to grow; you can receive the fund for long-term or short-term purposes. Funding is essential to set up a business and run and grow the company; you need money to live in the same funds required for business. The […]
What do we mean by internal control cost and firm value? Internal control applies to accounting first; let me discuss maintaining internal control in any business. You understand the business will have many expenses, so when you start the company, you must forecast the costs and prepare your budget showing possible […]
