Understanding How Cash Flow Works
If you run a business, you need a healthy cash flow to maintain your operations. But what is cash flow? Cash flow is vital to…
Accounting & Finance
Welcome to the Accounting Hub. Here we provide information and resources related to all things accounting and finance. Whether you are just starting out in your career or are a seasoned professional, we can help you stay ahead of the curve. Browse our articles to find the information you need to make smart financial decisions.
Not sure where to start? Here are the five most important things you need to know for your business’s accounting:
1. Understand the 5 basic accounting principles and the accounting equation.
2. Use various financial statements to track business expenses and make informed decisions.
3. Know the key ratios and metrics (e.g. ROI) used in accounting and financial analysis, and understand how to use them to assess your business’s performance.
4. Be familiar with the different methods of accounting (e.g. accrual vs. cash basis) and understand the pros and cons of each.
5. Be able to use accounting software to manage your business’s finances, and be comfortable working with spreadsheets and other financial software.
6. Understand the basics of financial planning and forecasting, and be able to create simple financial projections for your business.
Most Recent Accounting & Finance Articles
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A Deep Dive Into the Cash Conversion Cycle (CCC)
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How to Make an Invoice in 5 Easy Steps
Learning how to make an invoice and send it to customers is a crucial step in owning a business. This is where you provide clients…
Evaluate and Select the Best CPA Software for Your Accounting Firm
Managing the finances for a multitude of other businesses can be tough to keep track of, which is why you need professional software made for…
How to Start a Virtual Tax Preparation Business: Step-by-Step Guide
Individuals and businesses alike dread the thought of tax preparation. In many cases, these are the consumers who convince themselves they can handle all the…
