You need to know a lot in terms of financial statement when it comes to small business accounting in order to make informed financial decisions. One of the most important things where you can start is by understanding the calculation of key financial ratios and its interpretation. Before we jump to understanding of key financial ratios it is important to do a quick refresher to…
Many businesses across the world have taken some tangible steps inspired by the recent shift in customer behavior due to COVID-19 pandemic. We looked at how the big companies are shifting their business models and what the SaaS companies are doing to protect their business during the pandemic. Your best defense is to monitor your cash flowing out of your…
Around half of the businesses fail or shut before their fifth birthday. Why do small businesses fail? What is one of the biggest reasons for business failure? Mismanagement of funds. It certainly doesn’t mean embezzlement, in fact, in most cases the more money is going out of the door than money coming in. This again doesn’t mean that you have…
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