What Are Accrued Expenses? Examples, Definition, How to

  When you hear the term “accrued expenses,” it’s important to know that this refers to any type of business expense that has been incurred but has not yet been paid. For example, if your company enters into a contract to have work done next month, the cost of that work would be considered an… Continue reading What Are Accrued Expenses? Examples, Definition, How to

7 Bookkeeping Basics for Entrepreneurs to Understand

  Knowing the bookkeeping basics for entrepreneurs is an essential part of running a successful business. It’s the only way to keep track of your income, expenses, and profits, as well as make sure that all taxes are paid on time. While bookkeeping may seem intimidating to those who are unfamiliar with it, having a… Continue reading 7 Bookkeeping Basics for Entrepreneurs to Understand

What Is Deferred Revenue? How to Record & Examples

  Deferred revenue is an important concept that many businesses overlook due to a lack of understanding. In its simplest form, it is money received by a business for goods or services that have yet to be delivered. This blog post will explore what deferred revenue is, how it should be recorded, and provide some… Continue reading What Is Deferred Revenue? How to Record & Examples

How to Read a Balance Sheet & Truly Understand It

  Balance sheets are a perplexing yet important part of financial analysis. They are essentially summaries of all the money that moves into and out of business during a period of time. Companies use balance sheets to create a snapshot of their overall financial health and track their progress over time. It’s essential to know… Continue reading How to Read a Balance Sheet & Truly Understand It

What Is Cost of Goods Sold & How Do You Calculate It?

  The cost of goods sold (COGS) is an important concept for many businesses. It’s a measure of the expenses associated with producing and selling products and can provide vital insight into your company’s financial performance. But what exactly does it mean? And how do you calculate it? In this blog post, we’ll explore the… Continue reading What Is Cost of Goods Sold & How Do You Calculate It?

10 Best Shopify Accounting Software Tools for Sellers

As a Shopify seller, it’s important to have a good accounting system in place to track your income and expenses. There are a number of different accounting tools available, and choosing the right one can be tricky.   In this blog post, we’ll take a look at some of the best Shopify accounting tools to… Continue reading 10 Best Shopify Accounting Software Tools for Sellers

4 Profit and Loss Examples for Small businesses

  The profit and loss statement is one of the most important financial statements for small businesses. Despite not being a legal requirement, it is a viable resource for improving transparency in business finances. It can assist SMEs in understanding their operating cash flow and the basis of it — business owners can figure out… Continue reading 4 Profit and Loss Examples for Small businesses

How to Read & Interpret a Cash Flow Statement

If you’re like most people, the mere mention of a cash flow statement probably sends you running for the hills. But trust us, it doesn’t have to be that way! A cash flow statement is one of the most important financial statements for a business, yet it is often one of the most misunderstood. In… Continue reading How to Read & Interpret a Cash Flow Statement

5 Steps to Simplify Your BigCommerce Accounting and Bookkeeping

  As a business owner, you are nearly always on the hunt for ways to make your daily operations run smoother. However, after running an eCommerce store for a while – you may have become quite accustomed to the complexity of bookkeeping or better reporting on sales and expenses.   Also, while running a Bigcommerce… Continue reading 5 Steps to Simplify Your BigCommerce Accounting and Bookkeeping

6 Tips to Set Up a Business Budget With Ease

  As a business owner, one of the most important things you can do is set up a budget. A budget will help you track your expenses, understand your cash flow, and make informed decisions about where to allocate your resources. There’s no one-size-fits-all approach to setting up a budget, but there are some general… Continue reading 6 Tips to Set Up a Business Budget With Ease

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