The two important terms “accounting” and “bookkeeping” are easily confused. What are they, how do they interrelate, and how do they interface with accounting methods, policies and procedures? What is the difference between bookkeeping and financial accounting?
As a business owner, you never switch off. There’s always going to be work-related thoughts buzzing around your head. These thoughts can flood in all at once and feel overwhelming at times. It’s crucial you maintain good health while running a company, and a SWOT analysis can help. It’s an excellent tool that will put your mind at ease and give you clear and organized goals. How do you conduct a SWOT analysis with proper example? Continue reading How Do You Conduct a SWOT Analysis with Proper Example?
Chief financial officers (CFOs) must go beyond conventional finance functions in today’s business environment and become guardians of a company’s digital transformation. They’ll need to use a variety of SaaS tools, including artificial intelligence (AI), machine learning (ML), and blockchain, to do so. What financial software tools does a CFO use? Continue reading What Financial Software Tools Does a CFO Use?
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, as well as the money needed to pay for the items and services (such as inventory and payroll) that you have utilized while waiting for your customers to pay you. Continue reading Working Capital? | Definition
The world is going completely digital and there is no second guessing to it! Digital nomads manage a business from anywhere. With technological advancements, the entire landscape of how things work on the business end has transformed drastically. While technological interventions have proved out to be quite productive, we will discuss one of the famous combinations with technology – Fintech! What essential fintech skills do organizations need? Continue reading What Essential Fintech Skills Do Organizations Need?
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 in projects within your company that will return as much as possible for less than the cost of capital. What is the weighted average cost of capital (WACC) and how is it calculated?
The coronavirus (COVID-19) pandemic has hampered small businesses around the world — and your company is no exception. Like many small businesses, your company may be managing business income loss and struggling to stay afloat during the pandemic. Learn how to save your struggling small business. Continue reading How to Save Your Struggling Small Business