Articles

Due to the impact of many objective factors (growth of business complexity, the need to diversify risks, the possibility of tax optimization, etc.), many entrepreneurs have a real need for the simultaneous development of many areas of activity, formation of many..

Definition Prepaid expenses are payments for goods or services rendered after the date of payment. Typically, such services are consumed in the near future in the normal course of business, but you might also come across prepaid expenses that will stay..

Overview LLCs are by far the most popular entity type amongst small businesses. When you are setting up a business entity, you are setting up a small business and you need to run it like a real business, including doing proper..

Overview Revenue is the simplest metric for assessing the health of a company. Each leader analyzes its size, calculates other absolute and relative performance indicators on the basis of this value, and forms a development strategy. Revenue is the main source..

Overview We all strive to maximize our satisfaction and surround ourselves with the best and most practical things. This applies to the purchase of household appliances, accessories, and clothing. Yet, not everyone can afford to upgrade their wardrobe or buy a..

Who needs bookkeeping and why? Bookkeeping is one of the main parts of the activity of any enterprise, regardless of what it is doing to make money. Each entrepreneur has the opportunity to organize this bookkeeping at their discretion, taking into..

What is an expense report? A typical definition of an expense is a form that employers require their employees to fill out to show the expenditure they had during a business trip or any other event for which they are requesting..

Did your company ever face problems such as unfavorable changes in the exchange rate during export and import operations? Maybe when purchasing raw materials or selling goods, the situation on the market developed in such a way that you were forced..

Overview ERP system is a term that encompasses a whole range of tools. The abbreviation stands for Enterprise Resource Planning. When it comes to a small company that can be handled by a small team of professionals, there is no need..