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.
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Financial reporting helps to track the financial performance of a company on a regular basis with the help of various financial reports.
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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.
Read MoreAccounting assumptions state how a business is organized & how business transactions are recorded. Understand 10 basic accounting assumptions as the basis of bookkeeping your business.
Read MoreBookkeeper records transactions whereas accountant provides consultation, analysis & provide advice on tax matters. Understand the difference between an accountant & a bookkeeper with their roles.
Read MoreAccounts 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.
Read MoreIf 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.
Read MoreThere two primary accounting methods – Cash accounting and Accrual accounting, that a business a choose and apply. Each method impacts differently on how the business financials are measured.
Read MoreConsolidated financial statements also known as CFS, presents the financial position and results of operations for a parent and one or more subsidiaries as if they were a single company.
Read MoreAccounts payable is any sum of money owed by a business to its suppliers shown as a liability on a company's balance sheet.
Read MoreAdvertising expense refers to cost incurred in promoting a business in newspapers, magazines television, radio etc. Check the classification of advertising expense with example.
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