A line of credit is a type of bank loan that has a number of specific features. In this case, the bank (lender) sets only limits on the maximum amount and the deadline for repayment of the loan. The client (borrower) determines the need for credit re... Read more
Accounts receivable is the amount of debt owed to the company from legal entities or individuals as a result of economic relations with them. Usually, debts are generated from sales on credit.Objects of civil rights include money and securities, othe... Read more
Accounts receivable — everything that other companies, the government, or individual clients owe to the company. Accounts receivable, for example, appear when a company sold a product but did not receive the money. Then, the buyer's debt for the prod... Read more
Everyone loves money, but if you really like to keep track of your money, pay bills and balance your checkbook, then an Accounts Payable will help to achieve this. Accounts Payable DefinitionWhat are accounts payable? According to the accou... Read more
Managing accounts payable is one of the main tasks of modern business. The effectiveness of such management depends not only on the success of the company but also its existence in general. In this article, we will review the basic rules of debt mana... Read more
When we speak about petty cash, we mean a small amount of money that is used in order to cover some expenses that are most expected. In different offices and organizations, petty cash may have a different numeric value. It depends mostly on the size... Read more
Cash flow is one of the most important economic terms today that is used for financial analysis of any company, regardless of its size. Although it appeared not so long ago, nowadays all companies analyze and plan it. Today I will try to tell in simp... Read more
It is not easy to run a successful business without an expert who takes care of your financials and keeps your books in perfect order. However, the payoff is worth all your efforts. This guidance can help you choose the right bookkeeper, the one... Read more
Every accountant must know, “What is tax planning?”. The essence of tax planning is the recognition by fiscal and other regulatory authorities of the taxpayer's right to apply all means, methods, and techniques permitted by the current legislation to... Read more
You need to create a single structure of the bookkeeping checklist, which will combine all the necessary information for all accountants, and get rid of unnecessary information on customers by transferring to CRM or delete it. Then both the accountan... Read more
