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What is Billable Expense Income?

What is Billable Expense Income? If you are running your own business, you must be deeply familiar with invoices and bills. After all, no business can survive without sending, receiving, and...
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Inventory Accounting is Not as Difficult as You Think

If you think inventory accounting is too hard, it’s time to rethink, refresh, retool, and restart. W...
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What is Working Capital Formula and Ratio

Every business owner faces challenges daily, but few are as pressing or as stressful as maintaining ...
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Expanded Accounting Equation Principle Explained

The basic accounting equation formula is: total Assets =  Liabilities + Equity. It is used in Double...
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What Is Chart of Accounts And How Does It Work?

The chart of accounts is a numbered list of all accounts used to record and summarize business trans...
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11 Ways to Revamp Your Accounting System For 2021

The design of your systems determines whether your software works with you or stands in your way. Po...
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The 5 Most Common Ways To Adjust Accounting Entries

At the end of any accounting period, it’s crucial to make adjusting entries to your accounting journ...
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What are Debits and Credits in Accounting

Introduction Accountants use debits and credits to record each business transaction and generate fin...
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Innovation with Cloud-Based Accounting Software

What is accounting? Believe it or not, the answer—and the perception of what accounting can be withi...
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Learn The Difference Between Sales Order And Purchase Order. Why Do You Need Both?

Professionally managed companies use accounting systems with sales orders and purchase orders. But w...
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Fundamentals of Financial Accounting For Small Business Owners

For start-ups, SMEs, and businesses with multiple locations, accounting can be a nightmare, but nobo...
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Introduction To Accounting Basics

Gaining an understanding of basic accounting concepts is essential for business and financial manage...
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Get Paid Faster

In business, getting paid is essential. Without getting paid you won't get far. Everyone and everyth...
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Protect and Preserve What You’ve Built

One of the biggest fears of any business owner is the lack of reliable, consistent clientele. You ma...
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