Articles

What is an annuity? Buying goods or other property, the individual most often turns to the bank. A standard offer for repayment of a loan is an annuity, the cost of which can be calculated independently using an online calculator or..

An entrepreneur or a business owner does not have to know how to do bookkeeping. After all, when you need to have electrical work or plumbing done in your office, you hire an electrician or plumber. Why should you do bookkeeping..

Overview Accounting in an enterprise is a serious and responsible task. Loss of necessary information, errors in accounting, inaccurate reflection, and untimely preparation of financial statements entail many risks. At the same time, reducing costs and increasing efficiency are now more..

Nowadays, many activities can be carried out in the online environment. Digital technologies have not bypassed bookkeeping and accounting either. Online bookkeeping has become an effective way of keeping financial records, confidently replacing the traditional paper one. This way of running..

What business processes should be outsourced? Rational use of time, finances, and other resources is one of the motivators for optimizing the work of the entire company. Therefore, a successful leader periodically re-evaluates opportunities and chooses options for optimizing business processes..

In the course of their activities, many companies attract borrowed funds to finance current projects and expand the scope of their activity in the industry. However, it is worth remembering that the main feature of attracting any loan is the need..

Definition Opportunity cost is the cost of production of a good or service, measured in terms of a lost (missed) opportunity to produce another type of good or service that requires the same resources. It is the lost profit as a..

Overview The main purpose of accounting is to provide interested parties with the information they need to make a decision. Generally Accepted Accounting Principles (GAAP) refers to the general set of standards and procedures that all bookkeepers and other specialists dealing..

Overview As we all know, earning revenue is the purpose of doing business. Revenues are created from day-to-day activities that a business was created to do, whether it is manufacturing and/or selling goods or providing services. Revenue is the income generated..