For most businesses that evolved from startup to successful enterprise, the fruits of their labor were ripened by diligent financial planning, projection, and analysis. They used their financial records as roadmaps towards growth, allowing them to build accurate...
A company’s general ledger (G/L) is a comprehensive record of all your accounting transactions. Whenever a transaction is made, that transaction is recorded in the general ledger. Each journal consists of a debit to one account and a credit to another. Software, such...
On June 20th, 2018, two mega-corporations—AT&T and Time Warner—merged, marrying one of the world’s largest wireless and telecommunications companies with one of the world’s largest media and entertainment companies. When the dust finally settled, AT&T acquired...
Budgeting and forecasting are accounting and finance processes helpful for setting goals and measuring a company’s growth. Although the terms are often used interchangeably, they have some differences to be aware of. What is Budgeting? A budget is a...
Two of the most common business processes you will find yourself managing (if not obsessing over) in your accounting system are accounts payable and accounts receivable. The concept is simple: accounts payable represents money you owe, while accounts receivable...
Your accounting and finance functions are vital to running your business. They help you make decisions, stay compliant, reduce costs, file and pay your taxes timely and accurately, and provide meaningful financial information to management and external stakeholders....
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