As a small business owner, you have many responsibilities to juggle. From managing employees to marketing your products or services, there's no shortage of tasks on your to-do list. However, one area …
Business Accounting Blog
Balance Sheet KPIs: Measuring Financial Stability
A balance sheet is a financial statement that provides a snapshot of a company's financial health at a specific point in time. It shows what a company owns (assets), what it owes (liabilities), and …
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Why Do Management Accountants Need to Understand Their Company’s Strategy?
As businesses continue to evolve and become more complex, it is crucial for management accountants to understand their company's strategy. The role of management accountants has evolved from just …
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What is usually the First Step in Cost-Based Pricing?
Cost-based pricing is a popular method used by businesses to set prices for their products or services. This pricing strategy involves calculating the total cost of production and adding a markup to …
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What Internal Controls Can Employers Use to Prevent Theft?
As an employer, preventing theft in the workplace is crucial to protect your assets, reputation, and business. Theft can occur in various forms, such as embezzlement, fraud, or theft of physical …
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Real-Time Bookkeeping: Why it’s Important for Small Businesses
As a small business owner, you're probably aware of how important bookkeeping is to keep your business running smoothly. Real-time bookkeeping takes this a step further by allowing you to keep track …
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Profitability and Productivity Analysis: Improving Business Performance
In today's highly competitive business environment, profitability and productivity analysis are critical to the success of any business. The ability to measure and analyze these two metrics can help …
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Outsourcing CFO Services: The Benefits and Drawbacks of This Growing Trend
In today’s fast-paced business world, companies are looking for ways to streamline their operations and cut costs without sacrificing quality. One solution that has gained popularity in recent years …
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Outsourced Finance Team: How it Can Benefit Your Business
As a business owner, managing your finances can be one of the most challenging aspects of your operations. It can be time-consuming, complex, and costly to hire a full-time finance team. However, …
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Outsourced Accounting for Startups: An Ultimate Guide
As a startup founder, you have a lot on your plate, from developing and launching your product or service to building a team and securing funding. Accounting and bookkeeping may not be your top …
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