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Invoices are the bread and butter of every business. But what does a professional invoice look like? Which of its elements hold the most meaning for your company, and why? Well, you’ve come to the right place to find answers. In this article, we’ll go over each aspect of a professional invoice template, explain its…
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Financial terminology can easily confuse anyone. In a field that requires precision, the last thing you want or need is confusion, especially when it comes to business. For this reason, we have provided a guide to financial forecasting terminology. Understanding how to analyze and chart your company’s future performance represents an integral part of financial…
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Your income statement is one of the most important financial documents your business needs to provide. But what is it, and how can you make creating this document easier for yourself and your business? Here we take a look at everything you need to know about your profit loss statement, and offer you the chance…
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If you’re considering taking over the business by buying it outright, there are certain key elements you need to know about. What important factors go into buying a business and how do you make sure your potential business ticks all of your boxes? Are there any special requirements you have to consider? We’ll outline all of…
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The accounting equation is one of the most fundamental concepts in accounting. It expresses the relationship between a company’s assets, liabilities, and equity. This post will explain the accounting equation, how it works, and why it’s crucial for accountants and business owners. We’ll also explore some of the applications and limitations of the accounting equation…
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Whether you are just starting a business or trying to keep one afloat, the answer to “What is cash flow?” is critical to boosting your company. Why? Cash flow (CF) affects every aspect of your business, from paying employees to investing in growth. When you understand what it is, you can make sure your cash…
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How healthy is your business? What does a healthy business even look like? These are questions which all small business owners need to ask themselves in order to remain competitive. Profitability ratios are some of the most important metrics you can use to assess the health of your business in comparison to your competitors. Here…
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