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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 ...
Depreciation methods accounting

Break Even Calculator and Analysis

A post that explains the break even analysis and how it can help you assess whether a project is worthwhile was written some months ago. However, it might be useful to expand on it, ...
Payback Period

Current Ratio Calculator and Analysis

One of the many financial ratios that you have at your disposal to analyze the position and the performance of a company is the current ratio. The current ratio along with the quick ...
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