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Understanding Financial Ratios for Your Business.

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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How to Prepare a Trial Balance

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 …

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Reduce Receivables Bookkeeping Software

How a Simple Bookkeeping Software Can Help Reduce Receivables in a Small Business

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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The Benefits of an Accounting Software

  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, …

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