Other Business Management

Your business plan defines your goals, how to attain them and background information about your industry. A robust plan helps your stakeholders make decisions about approving financing, so...

Companies can take many paths to going out of business, but the number-one way is bad cash-flow management. If a business has to pay cash to all of its suppliers, then it has little free cash left...

Extending credit terms to business customers requires a thoughtful approach to some challenging questions. Should credit even be extended, and if so, how much? What are typical credit terms? How...

Companies that do business overseas will naturally have subsidiaries and divisions that conduct business operations in currencies other than the U.S. dollar. The functional currency is the...

Interest rate risk to a borrower is the risk that rates will rise in the future. Many types of personal and corporate debt are floating, which means that the interest rate can be reset or move...

Corporate treasury is responsible for managing a company's cash flows. It involves balancing inflows of cash with outflows of cash and forecasting future cash needs. Treasury personnel work...

In accounting the general ledger is the central financial record of the business. Every transaction is recorded in the general ledger. A transaction is a typical business event which can be...

Shares of stock represent ownership stakes in companies. Valuing individual shares requires understanding the value of the business enterprise as a whole. Methods for valuation generally fall...

Profit alone is not always enough to sustain a business. A company must also have enough cash on hand to pay its bills. A better gauge of a business's financial health is its cash flow, the money...

Accruals are used in accounting to record income when it is recognized, whether or not it has been received, and expenses when they are incurred, whether or not they have been paid. Accrual...

Nearly all companies seek outside capital at some stage of their development. In fact, most companies bring in capital several times over the life of the business. As the company grows, capital...

Cash audits are an important internal control for businesses to use when reviewing proper procedures for cash. Restricting the number of individuals involved in the cash process or the number of...

Every day, professional financial managers are making money management decisions: whether to buy, whether to sell, whether to buy and hold. The trick to making successful decisions is to follow a...

Many businesses have an accounting department, and most large businesses have a corporate finance department as well. You may think of finance as including the payment of the company's bills, but...

Manage your pest control business well, and you will in turn receive financial and lifestyle rewards. If your management skills are below par, your business will suffer and you will endure stress...

Ratio analysis is a very useful tool to quantitatively understand a business's performance. While many managers shy away from ratio analysis, the calculation thereof is not difficult, and it only...

Accounting has been called the language of business and is used in many different situations. Cost accounting is used to streamline manufacturing operations. Managerial accounting is used to...

There are basic precautions any investor should take when reviewing cash flow statements, balance sheet statements or a statement of earnings. Cash flow operations depend on the timing of the...

Management of credit risk is divided into a macro and micro view. The macro view looks at the entire credit exposure portfolio and tries to optimize asset allocation and the level of...

The accrual method of accounting is an accounting principle that is a foundation of the entire accounting profession. This method is mandated by financial accounting regulation and is not to be...

Corporate finance comprises a three-part process in business. The first part is the manipulation of the assets of the company to make the company as cost efficient as possible. The second issue is...

Point of sale marketing is information given to the customer at the point of sale that would convince them to purchase a product they had not considered purchasing. When you leave a department...

A bookkeeping ledger is an accounting tool used to create a record of an organization's or individual's cash flow. It can be fairly simple or complex, depending on the amount of data tracked and...

Accounting is the systematic recording and classifying of a business's financial records. Accounting transactions fall into one of several categories: assets, liabilities or owner's equity. Asset...

Many corporate managers focus on the operations instead of the purchase of a business they are acquiring. If you purchase a business with an inefficient capital structure, the acquisition will...

If you are busy with the day to day running of a business, it is all too easy to overlook the signs which would indicate that the company is at risk of trading while insolvent. However, this...

Properly setting up a cash drawer is an important aspect of any retail business. A poorly configured cash drawer can be a real problem when it comes time to make change for a customer or tally up...

A factoring account is a businesses agreement between a company and a factoring agency. Accounts receivable factoring is a form of financing where a business sells its accounts receivable to...

A balance sheet audit, or balance sheet reconciliation audit, is an audit of the accounts on the balance sheet. These audits usually focus heavily on the cash, accounts payable, accounts...

Petty cash is a fund issued to departments within a business. Employers will allocate funds to be used for necessities and certain marketing expenses. Petty cash funds will usually have a...

Knowing how to interpret accounting information and financial statements helps business owners, managers, stockholders and investors keep track of a business's financial health. It also aids in...

Accounting for employee stock options is 1 of the most controversial topics in accounting and corporate finance. A stock option is the right to buy a share of stock at a pre-set price, known as...

Petty cash is money used for small ad hoc expenditures. Petty cash is handy, and it can be a deductible business expenses. It's important to keep track of it, though, because a penny here and a...

Financial statements are prepared by accountants to provide business owners with an accurate snapshot of their financial status at a specific point in time. In addition, business owners must...

Factoring is a way for companies to both manage receivables and working capital. The transaction also allows for less variability in cash flows, which is always a good idea when trying to manage...

Understanding financial statements of business may seem complicated; especially for larger companies. While there may be more numbers and pages, every financial statement can be broken down into...

Effective working capital management is one of the most important ways that a company can control cash flow. Working capital represents the short-term cash needs that are required to fund the...

A cash flow model is a powerful tool that can help you project future performance of a business, evaluate the impact of a transaction (such as an LBO, refinancing or acquisition), and perform...

Becoming an angel investor, which is the first investor in a start-up, requires having steady cash flow and a good head for advertising to get a name out in the public. Consider being an angel...

Record keeping and basic accounting knowledge helps a business owner keep track of her business. If inventory doesn't match cash, or if inventory loss doesn't have an explanation, a detailed...

Financial accounting preserves business operations in ledgers as financial transactions. A series of these transactions shows business owners, company owners, and investors how a company is doing...

In order to comply with the generally accepted accounting principles (GAAP), companies must determine the exact time when revenue and expenses occur. This is the basis of the GAAP Matching...

Debits and credits make up the double entry system of accounting used since the 1400s. Every transaction has two parts, a debit and a credit, and in accounting, they must be equal. Debits increase...

A balance sheet is a snapshot of the assets a company owns, the debts it owes, and how much it is worth. It is one of the tools management, lenders and investors use to assess a company's overall...

Cash registers are devices used for calculating and recording sales transactions. Original cash registers were completely mechanical and did not print receipts. However, modern versions of the...

Learn to mark liquid assets on a balance sheet. Develop an eye for liquid assets, and easily scan a balance sheet to determine profitability in any company. Readily present your company's assets...

Prepare a cash flow statement to manage a budget or predict future cash earnings. Determine when your company will be ready to repay any loans with cash. Prepare your cash flow statement to sell...

The general ledger is a record of all accounting transactions that affect your business. This article deals with a four-column general ledger. The left column is for posting transaction type and...

Understanding bank financial statements is easy when you go through each statement slowly. The three main financial statements are the income statement, balance sheet and cash flow. A...

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