The Return on Assets Ratio (ROA) shows how well a company uses its assets in order to generate profits. ROA is one of the profitability ratios that are used to understand and assess whether the...

As I have begun to get back to this website and try to make a success of it once again, I have been mindful of personal finances; in particular in the wider community. As I listen to people talk...

Bank reconciliations form a critical part internal control systems. In this article we look at why this process is so important to businesses worldwide.

Days Payable Outstanding (DPO), or as it’s also called, creditor days ratio (CDR), is an efficient formula that shows how long it takes for a company to repay its suppliers.CDR is used together...

The verification process in double-entry bookkeeping is critical to ensuring data accuracy; bank statement statements and their reconciliation to bank records form an essential part of this...

In our article setting out the Dave Ramsey's baby steps we mentioned in baby step 2 the use of the debt snowball approach to paying off non-home loan debt (often called a mortgage loan). This is the...