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Everything in life is unpredictable. You can’t quite be sure of anything, can you? That’s just how things were. If predictions were real, by now, we could see billionaires everywhere. Just like that, the stock market also has volatility. Here, you would have to be careful about how things work. So, here we go – […]

As a business owner, having a credit card for your LLC (Limited Liability Company) can be a convenient way to manage your business expenses and build credit for your company. However, getting a credit card for your LLC can be a bit more complex than getting a personal credit card. Why do you Need a […]

All shipping services are essential in the eCommerce industry since there are no other ways to deliver products to clients. While you may claim that consumers can pick up the products, this jeopardizes both parties’ confidentiality and safety. Furthermore, it is inconvenient for the clients, and with the current gas price, travelling across the country […]

As the cost of higher education continues to rise, many students find themselves struggling to pay for college. According to the College Board, the average cost of tuition and fees for the 2020-2021 academic year was $37,650 at private colleges, $10,560 for state residents at public colleges, and $27,020 for out-of-state students at public colleges. […]

Homeowners insurance (HOI) is an important part of owning property. Coverage may help you cover losses from thieves or help you get reimbursed for medical bills if you happen to slip and fall. Therefore, it’s important to know what HOI is, how it works, and how to find out information about policies in your area. […]

As a shipping company owner, freight accounting helps you keep track of the costs of sending goods from one place to another. You can sometimes send a product from a warehouse where it’s made to the company’s warehouse that sells the product. You can also send the product from a manufacturing company to a store […]

Amortization Journal Entry for Intangible Assets Example Entry using Accumulated Amortization A/c Example with Accumulated Amortization Treatment in the Financial Statements Journal Entry for Amortization of Patent Journal Entry for Amortization of Goodwill Is Amortization an Expense?   Amortization means spreading out the cost of an intangible asset, like a patent or trademark, over the […]

In this post, we are going to take a look at a niche, and often overlooked form of financing – the Chattel Mortgage. While Chattel Mortgages are limited in their suitability they nevertheless form an essential part of the lending canon when it comes to certain asset classes – let’s get started.   What Is […]

Short-term loans come in a range of forms, with one of the most popular being payday loans. They are a quick and easy way to get cash when you need it and can be helpful when faced with an unprecedented expense or emergency. However, these loans can come with high interest rates and fees, making […]

A Lucrative Investment You Should Consider in 2023 Second citizenship refers to being a citizen of more than one country. The dual citizen shares the rights and responsibilities of both countries and is regarded as a national citizen in more than one country under the laws of those countries. Having a second passport nowadays is […]

Meaning and Definition The income statement or Profit & Loss account is an essential financial statement that provides a summary of a firm’s expenses, losses, incomes, and gains for a specific accounting period. The credit side (right) of a profit and loss account deals with income and gains, whereas the debit side (left) deals with expenses […]

63% of Americans live paycheck to paycheck, and the cost of living is quickly outpacing wage growth. There are a few reasons people find themselves in this situation, but poor budgeting and overspending are the most common. In this article, we’ll look at what you can do to save money if you’re living paycheck to […]

When you start trading, your broker will likely ask whether you want a cent account or a micro account. If you are a beginner, chances are that you will give your broker a strange look. What are the differences – and does it matter which type of account you choose? The fact is that it […]

When it comes to financial planning, it’s important to consider all aspects of your current and future financial well-being. This means not just looking at immediate goals and expenses but also considering long-term plans and investments. When it comes to managing your money, whether you are an individual or a business, it is always important […]

As a new business owner, you want to focus on running and growing your company. You may have thought about hiring a full-time or a part-time accountant as a solution depending on your workload. An accountant could be the only person who will ease off the financial paperwork that is taking too much of your […]

Revenue Vs Profit Revenue – is the excess of revenue earned over expenditure incurred by a business for a given accounting period. It increases the total capital invested in a business. Such monetary benefit arise due to the; Business operations – Relating to business activities. Non-recurring events – Relating to unforeseen events e.g. fire, theft, loss […]

Mobile as a Capital Asset Mobile Depreciation Rate as per the Income Tax Act Mobile Depreciation Rate as per the Companies Act Example Why Should a Mobile be Depreciated at all? Most businesses today rely on company mobile phones for after the work communication. These mobiles are considered an asset since they usually last for […]

Top Strategies to Get Past a Cash Flow Crisis As a small business owner, you like to feel optimistic. You have a good plan and implement it, believing that your business will only grow. The problem is that about 6 out of 10 businesses are still struggling with cash flow at the beginning of their […]

In today’s challenging economy, more and more people are looking for ways to boost their earnings. So if you’re looking for ways to increase your income know that you’re not alone. One of the best ways to do this is by managing your finances in a strategic way. There are several things you can do […]

With the rapid changes in the payment ecosystem over the last few years, business owners need to adapt quickly to the new payment systems to provide a seamless service to customers. Among the various payment methods today, credit card payment has emerged as the most preferred payment option that customers use to shop offline and […]

Virtual accounting services have been in high demand, especially after the COVID-19 pandemic disrupted business operations. In conventional accounting, you employ an internal accountant and provide them with a workspace. In addition to a salary, you have to cater for additional costs like health insurance.  As the advantages appear to outweigh the expenses, many businesses […]

Foreign exchange is taking over the trading world all over the globe. It is all you hear about on the news, TV, and the internet! The great thing about forex trading is that you can do it from the comfort of your home, and you can invest or trade currencies anywhere and everywhere. If you […]

A petty cash book is just as its name suggests a book which is used for the purpose of recording small amounts of expenses in a business. Usually, the petty cashier maintains a petty cash book. It is like a petty cash account. A simple petty cash book looks like a cash book with two […]

Meaning & Explanation In layman’s terms, write-off or expense-off simply means disregarding something as insignificant or eliminating something. The term write-off or expense-off refers to the “elimination of an asset from the financial books” when it is no longer valuable to the business. For example, if a debtor fails to pay his/her dues, then the […]

9 Reasons Why Your QR Code Is Not Working QR codes have become a critical tool for transactions as they are one of the most convenient methods of accepting cash for the goods and services sold by a business. Therefore, if QR codes are not set up properly, they can result in a loss of […]