Should Businesses Have an Emergency Fund?

Things don’t always go according to plan for most business entrepreneurs. Sometimes, when everything seems to be going according to plan, a tidal wave of unpredictability hits you. Should Businesses Have an Emergency Fund?

Read more
What is the Difference Between Bad Debt and Doubtful Debt?
August 30, 2023 - Improve Financial Management

Bad debt and doubtful debt are two terms used in accounting to describe the status of a debt. Bad debt is a debt that is unlikely to be collected, while doubtful debt is a debt that may or may not be collected. The main difference between the two is the degree of uncertainty. It is important to understand the difference between bad debt and doubtful debt in order to properly manage a company’s finances.

Read more
What is the Difference Between Bank Balance and Book Balance?
August 28, 2023 - Improve Financial Management

The difference between bank balance and book balance is an important concept to understand when managing finances. Bank balance is the amount of money in a bank account, while book balance is the amount of money recorded in a company’s accounting records. Bank balance is the actual amount of money available in the account, while book balance is the amount of money that is recorded in the company’s books.

Read more
How to Start a Petty Cash Fund

Starting a petty cash fund is a great way to manage small expenses without having to write a check or use a credit card. It’s a simple and efficient way to keep track of small purchases and reimbursements.

Read more
What is the Difference Between Finance and Accounting?

Discover the key distinctions between finance and accounting in this informative article.

Read more
How Do You Take Your Startup to the Next Level?
September 24, 2021 - Business Startup

Having a startup is both challenging and exciting. However, the most important thing is to make it rewarding, which is not an easy task. It takes a lot of work to ensure that your company is a well-established and reputable business. Now you’re ready to make your startup grow faster. How do you take your […]

Read more
How Do You Find Business Investors for Your Company?

This article will be helpful to those who are starting a  business and wondering where and how to look for funds. This is relevant for businesses that require significant investment with great potential for success. How do you find business investors for your company?

Read more
When Should Your Business Accept Cryptocurrencies?
February 8, 2021 - Leverage Technology

Cryptocurrencies have revolutionized payment trends in the payment industry. Nowadays, a lot of people have a digital wallet, and they procure products or services over the Internet using cryptos as a means of payment. When should your business accept cryptocurrencies?

Read more
How to Make Business Travel Easier?
December 28, 2020 - Increase Productivity

How can I make my business travel easier? You cannot be guilty of overstating the need to prepare for a business trip. Therefore, here are some tips on how to prepare and have the best experience on the next business trip:

Read more