Author: Kayla Bloom

  The creation and use of a chart of accounts are fundamental for eCommerce business owners. They can use this financial organization tool to keep track of all transactions happening within their organization.   These transactions include liabilities, equity, revenues, and cost of goods sold. Here is a quick guide to help you get a… Continue reading Chart of Accounts Template for Your Ecommerce Business

  Assets, liabilities, and equity are all important terms in business. But what do they really mean? And why are they so important?   In this blog post, we will explore each of these concepts in more detail and explain what each one is good for.   From assets, which are things that help you… Continue reading What are Assets, Liabilities, and Equity?

  Payroll is a system that employers use to pay their employees. It involves calculating how much each employee should be paid, based on their hours worked and their pay rate.   Payroll can be done manually, but most employers use payroll software to make the process easier. This article will explain what it is,… Continue reading What Is Payroll? How It Works, Examples, Tips, and Top Services

  A balance sheet is one of the three financial statements that businesses use to gain insights into their overall financial health.   This statement provides a snapshot of a company’s assets, liabilities, and equity at a specific point in time.   While it can be used to assess a variety of different things, it… Continue reading What is a Balance Sheet? Definition, Examples, and How To

  Many businesses have failed due to poor cash flow management, which makes it imperative that you manage your cash flow properly. Any organization needs a steady cash stream to pay salaries, pay bills, and invest in growth. For this reason, it is crucial to understand where your money comes from and how your revenue… Continue reading Cash Flow Management: A Guide for Online Business Owners