Tactics for Smart Expense Management in Business
Smart expenses result from strategic, well-considered spending decisions that maximize value and minimize unnecessary costs, ultimately contributing to the company’s...
Best Way to Manage Expenses in an Enterprise
Do you know what segregates good finance managers from average ones? The ones who understand financial management and those who...
Discretionary Expenses: Definition, Types, and Budgeting
Know the difference between your necessary and discretionary expenses - Alexa Von Tobel Discretionary expenses are non-essential costs that don’t...
Invoice Vs Receipt: Importance, Differences, and Components
Documenting financial transactions is crucial for organizations looking to track sales records, file sales taxes, manage cash flow, and analyze...
Understanding Cash Flow From Operating Activities (+ Examples)
Cash flow from operating activities helps you discover how effectively your business’ core operation can turn into revenue. It shows...
What Are Financial Ratios? Types and Steps to Calculate
Financial ratios indicate a company’s financial health. They offer insights into how well a company can manage its debt, revenue,...
What is Capital Structure and What Does it Mean for Organizations?
A company's funding sources can take various forms, including equity and debt. But have you ever wondered about its finer...
Fund Flow Statement: What is it, Uses, Format and How to Prepare?
Introduction The fund flow statement is a vital financial document in corporate accounting. It offers a comprehensive overview of a...
Chrome River vs. Concur: An Unbiased Comparison
Introduction Chrome River and SAP Concur are two popular software in the expense management and invoicing category. They streamline financial...
Cost of Goods Sold (COGS): What It Is and How to Calculate?
Introduction Measuring financial performance is crucial for any finance leader looking to improve efficiency and profitability in their organization. One...