Best Practices to Evaluate, Purchase and Implement Business Accounting Software

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.

Financial reporting helps to track the financial performance of a company on a regular basis with the help of various financial reports.

Employee payroll is the most crucial, complicated, highly critical HR processes & in present days it is being automated by payroll software. Know the effective ways of using a payroll system software.

Accounting assumptions state how a business is organized & how business transactions are recorded. Understand 10 basic accounting assumptions as the basis of bookkeeping your business.

Bookkeeper records transactions whereas accountant provides consultation, analysis & provide advice on tax matters. Understand the difference between an accountant & a bookkeeper with their roles.

Accounts Receivables is an amount that a company is entitled to receive from its customers for goods or services sold on credit. Accounts receivables are also known as debtors and bills receivables.

If cash flow is managed well, it will help to create more cash cushion that is essential for business growth. Learn how to calculate cash flow with direct and indirect methods.