Finance Basics & Concepts

Accrual accounting Accrual accounting is an essential concept in the world of finance and accounting. Unlike cash accounting, which records transactions only when cash changes hands, accrual method...

Introduction Many small business owners and individuals find accounting to be confusing and overwhelming. In fact, over 82% of businesses fail due to poor cash flow management and...

Introduction There’s no doubt that paper is one of Asia's greatest inventions. Wars were fought, and kingdoms were burnt to the ground just to learn the paper-making process....

Overview If you’re running a business, chances are you’ve heard of bookkeeping and accounting. But what exactly do these terms mean? Understanding the basics is crucial to the...

Expense vs Expenditure Are you confused about whether to use the term “expense” or “expenditure”? You’re not the only one who feels this way. The majority of people...

Bookkeeping In order to maintain a business, it is essential to have a good understanding of bookkeeping basics. This article will outline the basics of bookkeeping, including what...

Introduction to operating expenses It takes a village to run a business, and it takes another one to pay for running it. Out of the million expenses a...

Introduction to selling expenses Selling is one of the, if not the most essential functions in any business. Sales bring in revenue for companies to function and grow....