Search

Business

Should You Check Your Accountant’s Work?

January 16th, 2015

My wife and I own some income property between us and have operated a real estate management firm for a couple of years. We have used the same accountant in that time and we want to be sure he’s doing a good job. My question is, how do we do a finance check or an
Read the full article…

Tips to Find a Good Investor

January 16th, 2015

I came up with a great idea for a website business and need some money to get it off the ground. Could you please tell me how do you find investors? The easiest and most accessible funding option for most people is an affluent relative or friend who could extend a loan for you to
Read the full article…

Financial Accounting vs. Management Accounting

January 5th, 2015

Within accounting there are two key fields that relate to different aspects of the businesses finances, financial accounting and management accounting. While both use the same underlying information, for the most part, the use and perspective provided can vary greatly. This article will explain the differences between financial accounting and management accounting. Financial Accounting Financial
Read the full article…

Accounts Payable vs. Accounts Receivable

January 5th, 2015

Two concepts important to any business owner or business analyst are accounts receivable and accounts payable. These like sounding accounts on the financial statements have very difference meanings and understanding both is essential to any business owner. Accounts Payable Accounts payable are obligations of a business to re-pay a certain amount to another party. If
Read the full article…

Compound Interest vs. Simple Interest

January 5th, 2015

Everyone is familiar with the concept of interest, whether they are earning it on their investments or paying it on their debts. Compound interest and simple interest are two different types of interest and understanding the difference between the two can be very important. Simple Interest Simple interest refers to applying the interest rate on
Read the full article…

Fixed Cost vs. Variable Cost

December 31st, 2014

As a business owner there are two key groupings for costs that it is important to understand, fixed costs and variable costs. By understanding these two concepts and the types of costs that fall into these groups can greatly assist with managing your business. Fixed Costs Fixed costs are the types of costs incurred in
Read the full article…

Income vs. Revenue

December 31st, 2014

When evaluating a company from an investment perspective two of the key figures to look at are the revenue and income amounts generated by that company.  This article will help you differentiate between the two and also understand how they each need to be assessed. Revenue Revenues refer to the total amount of money that
Read the full article…

Balance Sheet vs. Income Statement

December 31st, 2014

Two of the most significant documents when it comes to assessing a company financially are the balance sheet and the income statement. While they both show important financial information there are key differences that are important to understand when it comes to reviewing a balance sheet vs. an income statement. Balance Sheet A balance sheet
Read the full article…

Debt vs. Equity

December 31st, 2014

When companies are looking to fund growth and expand there are two main sources those funds can come from, debt and equity. Utilizing both effectively is important for any business owner and understanding the differences between them can be important when choosing between debt vs. equity. Striking the right balance between debt and equity financing
Read the full article…

FSA vs. HSA

December 3rd, 2014

Flexible Savings Accounts (FSA) and Health Savings Accounts (HAS) are both tax-advantaged accounts (as deemed by the IRS) that can be used to pay healthcare expenses. There are significant differences, however, and it is important to understand those differences in terms of where you withdraw funds or when you have the option from your employer
Read the full article…

FIFO vs. LIFO

December 3rd, 2014

While inventory may seem like a straight forward balance sheet account there are different ways of valuing inventory that can have a significant impact on a company’s income. First in first out (FIFO) and last in first out (LIFO) are two of the more prominent ways of valuing inventory and a company using one versus
Read the full article…

Amortization vs. Depreciation

December 3rd, 2014

In accounting, the terms amortization and depreciation are both used a great deal and it can be difficult for non-accountants to follow exactly what they’re referring to. While technically there are differences, which will be discussed below, in practice amortization and depreciation are used interchangeably. The technical difference is more of an academic one, with
Read the full article…

GAAP vs. IFRS

December 1st, 2014

International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP) are the both formalized accounting and financial guidelines that businesses may have to follow. In the U.S., all publicly traded companies are required to report using GAAP, and in many international markets IFRS is required for publicly traded companies. Companies listed on two
Read the full article…

Capex vs. Opex

November 25th, 2014

When discussing expenses in a company you will often hear reference to capex and opex, while both refer to money being paid out of a company they have very different meanings. Understanding the different meanings is important to having a clear picture of what is being referred to and this article will help you follow
Read the full article…

Could a Guess Buyout Happen?

August 28th, 2014

Guess (GES) tanked 7.7% after hours on Wednesday after a disappointing report that included downbeat guidance. Meanwhile, competitor Express (EXPR) did much better with investors after its latest report. However, that might not mean that Express offers the better investment opportunity right now. While the clothing retail business remains very promotional, Express still managed to turn itself
Read the full article…

10 Best Free Business Accounting Software For Freelancers And Small Businesses

April 24th, 2014

Are you a freelancer or small business owner looking for an application that can help you with everyday accounting tasks? If so, you will surely benefit from business accounting software that you can readily download for free. To help you out on which application to use, we have listed ten of the popular choices available:
Read the full article…

The Value of Virtual Outbound Telemarketing

April 3rd, 2014

Outbound telemarketing refers to companies who hire telemarketers who proactively make phone calls

Six Business Services Which Are Always Worth Paying For

March 13th, 2014

Businesses services can be described as non-core business processes; basically, processes or work that support the operations of a business but does not produce a tangible commodity, for example, accounting, marketing and receptionist services. While such services are extremely important, the first contact a potential client usually has with a business after their website is
Read the full article…

Amazon.com: How AWS And Amazon Prime Will Drive The Company’s Future Growth

February 19th, 2014

With the growing demand of cloud services, Amazon (AMZN) is expanding its reach with Amazon Web Service, or AWS. The company recently entered into a deal with ChinaNetCenter to provide AWS cloud service in China. ChinaNetCenter is a leading integrated service provider of Internet data center, or IDC, and content delivery network, or CDN, in
Read the full article…

Occidental Petroleum: Streamlining Operations For Future Growth

February 19th, 2014

Occidental Petroleum (OXY) decided to sell a minority stake in its Middle East and North Africa, also known as MENA, operations. The deal could amount to a 40% stake in MENA that could be worth $8 billion to $10 billion. Three state-owned firms in the Gulf have shown interest in picking up the stake and
Read the full article…