Sundry Creditors – Meaning and Example

Bill is the money owed by a customer for a purchase transaction whereas an invoice is a detailed document of a goods or service transaction. Check the difference between billing & invoicing.

Managerial accounting is nothing but the practice of identifying, measuring, analysing, interpreting, and communicating financial information to managers.

Over 90% of the companies use business software to scale their productivity. Know how to evaluate, purchase & implement business accounting software for your own business.

A small business needs to generate different types of invoices owing to various factors. Let’s check different types of invoices with example and format.

Balance sheet reconciliation is a process of verifying the accuracy of information presented in the balance sheet. It includes cross-checking the closing balance components.

Working capital is simply the difference between current assets and current liabilities. Working capital management can be defined as a business strategy to manage working capital.

Financial ratio is a number that gives a view of the financial position of the company which includes balance sheet, income statement, and cash flow statement.

Profitability analysis help businesses to identify growth opportunities, fast-slow moving stock items, market trends, etc. Learn the definition of profitability analysis with importance.

Net Working Capital (NWC) is the difference between a company’s current assets and current liabilities. Check here the definition of net working capital with formula and example.