Financial ratios are a useful tool for analyzing your company’s financial health and performance. By comparing financial metrics, financial ratios can help you see into your company’s liquidity, solvency, profitability and efficiency. You can calculate many financial ratios based on data from your income statement and balance sheet. The different financial ratios gives you different …
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A trial balance is a tool used in accounting to verify that the total value of all debit entries in a company’s general ledger equals the total value of all credit entries. This is an important check to ensure the accuracy and completeness of your company’s financial records. If you have heard of T-Accounts, imagine …
Small businesses are the backbone of the economy. Small businesses provide products and services to consumers and creating jobs for people in their communities. However, running a small business is not without its challenges. Here are the top five common problems faced by small businesses, and how accounting software can help. Managing cash flow: Cash …
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When it comes to finding the right accounting software for your business in the Philippines, there are many options to choose from. To help you make an informed decision, we’ve compiled a list of the top 10 accounting software options available in the Philippines. Xero is a cloud-based accounting software that offers a wide range …
To Improve cash flow is critical for the success of any small business, particularly for trading companies with a large amount of inventory to manage. Tips for improving cash flow for a small trading company with a large inventory: Review your inventory regularly Make sure you are regularly reviewing your inventory levels and identify any …
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Reducing accounts receivables in small businesses is important for maintaining a healthy cash flow and ensuring the success of the business by using a simple bookkeeping software. One of the key features of a bookkeeping software is its ability to keep track of invoices and payments. You can easily see which invoices are still outstanding, …
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Knowing the Benefits of an Accounting Software If you’re running a small business, you may be wondering whether an accounting software with tax compliant reporting features is worth the investment. The answer is a resounding yes. An accounting software with tax compliant reporting features can provide numerous benefits for your business, including increased efficiency, …
