E-commerce has lasted the test of time indeed. It is continuing to change the way businesses operate, offering solutions that couldn’t be accessed years ago. However, regardless of the ease that e-commerce platforms provide, their financial management can be equally difficult. Even well-known platforms such as QuickBooks for e-commerce business can often lead to issues…
Startup financing can often feel like a maze that new business owners attempt to navigate all the time. With the variety of instruments available for funding, it can be hard to keep track. One such option is the safe note, which is often preferred for its simplicity and investor-friendly attributes. If you keep asking the…
The business entity principle emphasizes the necessity of maintaining distinct and separate accounting records for a business entity, ensuring that its financial transactions are kept apart from those of its owners or other entities. This principle entails the exclusive use of accounting records dedicated to the specific organization, completely excluding any inclusion of assets or…
Understanding Return on Assets (ROA) and how to calculate individuals and businesses alike need to evaluate their financial performance and make informed decisions. ROA is a crucial financial ratio that measures the efficiency with which a company utilizes its assets to generate profits. By analyzing ROA, investors, analysts, and managers gain insights into a company’s…
Have you ever wondered how blockchain technology revolutionizes banking, financial services, and FinTech industries? With its potential to enhance the digital customer experience, reduce costs, and mitigate data risks in a secure environment, blockchain is poised to transform how we conduct financial transactions. In this article, we delve into the future of blockchain and explore…
Dealing with taxes can be challenging and complex, especially when faced with questions or concerns regarding your tax returns or payments. While the Internal Revenue Service (IRS) offers various online resources and tools to assist taxpayers, sometimes nothing beats the comfort and assurance of speaking directly with a real person. This blog post will explore…
Among the three most pivotal financial statements, an income statement or the profit & loss (P&L) statement entails all essential details about your revenues and profits over a fiscal year. Coupled with a Cash Flow Statement and Balance Sheet, it provides investors, stakeholders, and executives with a complete 360 view of a business’s financial health,…
NOTE: This post originally appeared on forbes.com. On a breezy evening in spring, John and Kevin, two handsome young men, graduated from the same medical college. Twenty-five years later, these two doctors visited their alma mater for a reunion. A distinction between them became apparent. John was not living up to his potential. He managed…
As the business expands, it gets tougher to manage day-to-day finances while ensuring forward motion. Without a cash management strategy, a startup heads into trouble sooner or later. With that, it’s time to explore ten things you must know about cash management strategies. 1. Don’t Let Late Payments Become A Habit Late payments are…
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