Cloud Accounting Myths: Debunking Common Misconceptions

Cloud Accounting Myths: Debunking Common Misconceptions

    Cloud accounting myths often deter businesses from embracing this efficient financial solution. We understand that hesitation can stem from misconceptions surrounding cloud accounting. However, we are here to clarify these myths and demonstrate how cloud...
Conducting a Profitability Analysis

Conducting a Profitability Analysis

    To start our journey towards understanding business success, we often overlook a vital tool: the profitability analysis. Yet, this oversight can hinder our ability to grasp our true financial standing. Calculating Margins Firstly, let’s delve into...
Investigating variances

Investigating variances

Investigating variances, moreover, when to do so is an important part of any business.  A variance is the difference between a budgeted figure and an actual figure. It can happen in almost any area of a business—sales, costs, profit margins, etc. There are five key...
Understanding assets and liabilities

Understanding assets and liabilities

One of the most important aspects of a business is understanding its business assets and liabilities. Assets are what a company owns and can use to generate income, while liabilities are amounts the company owes to others. In order for your business to be successful,...
How to use ratios to make financial judgements

How to use ratios to make financial judgements

    Why should you use ratios to make financial judgements?  Well, are you curious how well your business is doing financially? Or maybe you’re looking to acquire or invest in a business and want to know what to look for? Ratios are a great way to...