How Is a Material Cash Overdraft Reported in a Balance Sheet?. If a business isn't keeping a close watch on outstanding checks, it could experience a material bank overdraft. A bank overdraft... Basic ...

Keeping accurate accounting records is an important part of running a successful small business. In addition to protecting your business in case of an audit, organized records help provide a picture ...

Return on equity, or ROE, can be a useful measure of evaluating a company's profitability relative to other businesses. Basically, it tells us how efficiently a company is using its shareholders' ...

Benchmarking allows you to determine if your company is doing better, worse or staying the same There are many benchmarks that you can track in your company There’s a strong correlation between ...

Accounting is a comprehensive system for collecting, recording, classifying, summarizing, interpreting, and communicating financial information. It is often referred to as the language of business as ...

In this installment of Accounting Basics for Small Contractors, we’ll look at specific KPIs (Key Performance Indicators) (aka benchmarks) that contractors should be monitoring. In order to calculate ...

From monthly profit-and-loss statements to annual reports, accounting is just basic business hygiene, right? Wrong. Read on to see how your business can use financial information as a strategic tool ...