Accrual vs Cash Accounting: Differences Explained
Annual financial demands grow as businesses expect more from accrual vs cash accounting. To keep up with everything, it helps to know the different terms. Accrual and cash…
The 7 Spheres of Influence and Their Effect on Society
The “seven domains of society” (also known as the “seven spheres of influence”) is a term that refers to the numerous aspects of life that come together to…
Tax Optimization: The Deciding Factor When Comparing C Corp vs S Corp
Tax laws can be complicated, but you need to make the right decisions when choosing your options as it could prove to be costly if you make the…
5 Winning Principles of How to Day Trade for a Living Regardless of Your Current Skill Level
There are lots of opportunities to potentially make money by buying and selling stocks on a daily basis but you might be someone who has not entered the…
Learn How to Calculate Economic Order Quantity With a Simple Formula
The cost of inventory can weigh heavily and have an adverse impact on the profitability and performance of a business, which is why economic order quantity (EOQ) is…
There Is a Difference Between Laid-off vs. Fired and This Is Why
No matter what language is used to describe you losing your job, it will always remain an uncertain and stressful time. It can be upsetting and worrying at…
3 Ways Knowing Your Contingent Liabilities Will Help You Become a Better Investor
Contingent liabilities are unfavorable possibilities that can occur in a company in the future. They’re not guaranteed to happen but, they could. Some of the more common liabilities…
Getting a Grip on Your Finances Starts with Knowing Your Assets and Liabilities
As a business owner, there are several terms that should be in your vocabulary. Assets and liabilities rank near the top, and will often appear together. To improve…
Profitability Ratio and 10 Other Terms Every Investor Should Know
Profitability ratio is one of many terms that every investor should know about. Learning the language and buzzwords of investing can be daunting, but is a necessary step…
Serving Your Community: The 5-Step Formula to Starting a Nonprofit
Starting a nonprofit is definitely no walk in the park and even though your ethos might be different when it comes to your reasons for starting the business…