Finance Basics & Concepts

Budgeting and Forecasting Achieving strategic goals and optimizing performance is essential for the growth of any company. Two key processes involved here are budgeting and forecasting.  However, many...

Petty cash meaning in accounting  Whether small businesses or big organizations with several branches, all firms must have access to a small amount of cash for small expenses...

What is a cash management system? Cash flow is one of the most crucial indicators of the financial health of a business. Maintaining and leveraging cash information is...

Introduction to Cash Flow Problems Cash flow problems have the potential to push businesses into depths of irrelevance.  Cash flow is one of the most significant determinants of...

SG&A expenses Many expenses facilitate the functioning of a business, and SG&A expenses form a significant portion of them. SG&A costs are the selling, general and administrative expenses...

Introduction to Financial Reporting As a business leader, you should always pay great attention to financial reporting in your firm since it plays a crucial role in organizing...

Introduction Money makes the world go round, and no entity lives, breathes, and talks money more than businesses do. The primary function of any regular business is wealth...

Capital expenditure (or) capital expenses The physical, fixed assets lay the foundation for the business. They enable the production and manufacturing of the business’ main offerings and facilitate...

Understanding payroll accounting Employee paycheck delays and inaccuracies often mar the payday experience. Per a recent TalentPro India survey, 37% of payroll errors occur due to inaccurate data...

Non-operating expenses From production to sales to marketing- it takes a gold mine to fund a business. What is incredibly daunting is that these everyday expenses are still...