What is Working capital?

Working capital is a measure of a company’s liquidity and its ability to pay short-term debts. It is calculated as current assets minus current liabilities. A company with a lot of working capital can easily meet its short-term obligations, while a company with little working capital may have trouble paying its bills. There are several […]

What is a Factoring Discount?

A factoring discount is the percentage of the invoice that is discounted when the factor buys the invoice from you. This percentage can be negotiated, and it depends on a number of factors, including how long it will take for the factor to recoup its investment in the invoice. Generally, though, you can expect a

What is Asset Financing?

Asset financing is a way to get cash for your business by borrowing against the value of your assets. It can be used to finance any type of asset, including real estate, equipment, and inventory. There are different types of asset financing available, so it’s important to understand the options and choose the one that’s best for your business. This

What is Working Capital Financing?

For businesses that are struggling to pay their bills, a receivable factoring company can offer an option. The process of converting accounts receivable and outstanding invoices into cash allows these companies enough time so they don’t have any further debt weighing down on them while still earning revenue from sales in order for the business’s

6 Ways To Make Sure Your Business Has Enough Cash All Year Round

Every businessperson, especially small-scale owners, dreams of expanding their business one day and making it to the top. But staying away from the red line is far more important than that. To avoid that, most smart owners always keep their eyes on their business by monitoring their weekly or monthly cash flow statements. These reports

5 Tips For Creating A Gold Coin Inventory

Not everyone will have the determined passion or patience to start, much less maintain, a gold coin collection. Among those who do, once they start their collection, they’d have a lifetime journey of gathering, collecting, and amassing gold coins slowly built over the years. At some point, though, they’re going to have so many coins

5 Tax-Efficient Strategies When Investing In Precious Metals

Nowadays, investing in precious metals has grown in popularity across the world. They’re seen as a safe-haven investment since their value tends to go up in times of economic crisis, while currencies and other paper assets are declining. They’re also an excellent hedge against inflation. Prices of goods tend to increase over time, hence today’s

5 Reasons Accounting Firms Should Use Online Fax Services

Online faxing, also known as e-faxing or online facsimile, uses Internet protocols to transmit fax instead of a conventional fax machine and a physical phone line. Internet fax services can be used by individuals and businesses alike. The service doesn’t require waiting to get a fax tone from a traditional fax machine to send documents.

What is Prepaid Insurance?

The ins and outs, literally, of prepaid expenses are an important concept when it comes to bookkeeping. Common examples of prepaid expenses would be a prepaid insurance account, prepaid rent account, utilities, legal fees, and subscriptions. Let’s focus here on prepaid insurance. Prepaid insurance is considered as any insurance premium paid in advance for insurance

How Do I Manually Enter Payroll In Quickbooks

While many small business owners are using online payroll services to automate their payroll, many prefer to do it themselves and manually enter payroll in either Quickbooks Online or Quickbooks desktop. The option to manually enter payroll in the QuickBooks accounting software was built into the software and was easy to access. Then came Quickbooks’