Dictionary Glossary of Terms

Discover the meaning behind the acronym CEO with our comprehensive guide.

When it comes to the world of business, bad debt can be a major issue. It’s important to understand what bad debt is, how it can affect a business, and what can be done to mitigate it. Is bad debt an asset or liability?

Working Capital is a common measure of the health of your business operations. Knowing how to manage working capital is a crucial aspect of financial procedures. Working capital refers to the funds required to operate your firm on a daily, weekly, and monthly basis. It is the money used to pay your suppliers for materials, […]

Many get these terms mixed up: policy, business Process, Procedure, and Work Instruction. In truth, most people create work instructions and refer to them as procedures. Or they will write a procedure, which is really a process. Some think of these terms as interchangeable. What is a work instruction?

We know that a good Return on Invested Capital is required to attract investors, but we also need our cost of capital (i.e. debt interest) to be lower than our Return on Invested Capital (what we do with investor money). The idea is to find cash for as little as possible and then invest it […]

Technology allows for business automation, which is beneficial to business in a variety of ways. Here’s a closer look at what is Business Process Automation (BPA), and how it can be beneficial to your business.