To err is human, they say. No words are more valid when it comes to business. There will always be missteps. But since many have already made them, this article will help you avoid them. Here are some of the most common financial mistakes of entrepreneurs...
Having cash is good. It means the business is converting its inventory and receivables into cash and is liquid enough to meet its obligations. But is holding on to too much cash a bad thing? Though most financial experts recommend maintaining cash for three to six...
With all the details that you, as a business owner, have to look out for, there’s a more than likely chance that you’ll miss out on one or two things. That’s why bookkeeping should be the least of your worries. It’s an essential part of...
One of the most repeated tips for business owners is for them always to separate their business expenses and personal expenses. Why is it important to separate business expenses from personal's? It’s less messy that way! First of all, separating the two transactions makes it easier for you...
When people don’t get paid for the work they are dutifully rendering, they’ll probably stop showing up altogether. That’s why it’s good to look into some benefits of outsourcing your payroll: You save time A whole lot of man hours is necessary to organize an...
The critical event in a business’ normal operating cycle is the sale of goods and services. However, there is a need to sell on credit to attract more customers and earn more revenue, leading to the recording of Accounts Receivable. Upon collection, the cash is...