Accounting

Essential Lessons That You Might Not Have Learnt from Business Schools

Essential Lessons That You Might Not Have Learnt from Business Schools You can learn many great things when you study in a business school. You may also possess a world-class educational program and outstanding lecturers who will lead you throughout the process of acquiring knowledge. However, you have to accept the fact that no university …

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The Importance of Accounts Payable Process

The Importance of Accounts Payable Process The importance of the accounts payable procedure or function should not be underestimated because it includes almost everything about an organisation’s settlements other than payroll. An entrepreneur or maybe a bookkeeper in a small company, an ordinary employee in an average-sized firm, or accounts payable unit in a big …

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How to Increase Working Capital

How to Increase Working Capital Working capital allows a business to continue its everyday operations. Inadequate working capital might lead to interruptions in company operations. Hence, working capital is an essential part of operating a company effectively. Three Elements Of Working Capital Inventory + Receivables – Payables = Working capital Accounts receivables are cash invoices …

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The Accounting Equation (Assets, Liabilities & Equity)

The Accounting Equation (Assets, Liabilities & Equity) From the multi-national, huge enterprise down to the corner barbershop, a company financial position is affected by every single business transaction. The assets, liabilities and equity determine the economic status of a business (Also see How to Create Your Chart of Accounts). The accounting equation, known as the …

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