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Components of working capital

Components of Working Capital and how to manage them

Being able to understand what the components of working capital are and how to effectively manage them is very important for a business owner, for a senior executive and for an accountant. ...
Operating Lease VS Finance Lease

Operating lease vs Finance lease – A Comparison

The accounting treatment of an operating lease versus a finance lease is an interesting topic since more and more companies choose to lease their equipment instead of buying it nowadays. ...

Accrual Concept of Accounting – Definition and Examples

The accrual concept of accounting is a requirement for the three most widely used accounting frameworks, IFRS, US and UK GAAP. So what does that mean? Accrual Concept of Accounting ...
Branding word

Small Business Crm -What options do you have?

When it comes to customer relationship management, there are so many options  that it would take days just to list them. I think it’s easier just to write about three of the ...
Advantages of SWOT analysis

The Top 5 Open Source ERP Solutions

All Businesses today, no matter how small or big they, are operating electronically. Some of them are even their systems on the cloud. However, with so many options and different products ...
Discounted Payback Period Method

What an ERP System is and how it can help your Company

Overview of an ERP System The Enterprise Resource Planning system, commonly referred to as an ERP system, consists of a set of software modules that help businesses improve the information ...

Quick Ratio (Acid Test Ratio) Calculator and Analysis

Another financial ratio that is commonly used to understand how liquid a company is is the quick ratio or as it’s often called the acid test ratio.  The difference between the ...
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