Running a Business

The finance department of a company is responsible for all of the monetary aspects of a company, from handling credit accounts to compiling information for the IRS. These departments are crucial...

Starting a cash business for $30 is quite easy however you need the right tips to get it started.

Believe it or not, used mobile homes can make good investments. Like any investment, they have their risks and pitfalls, but people who are good at being landlords often enjoy investing in...

There is cash everywhere you look! Recycling centers pay big bucks for your trash. You can recycle just about anything now days. There are people who make a fortune on what we throw out and you...

The general ledger plays a critical role in the accounting cycle. A general ledger contains a record of every transaction your business has ever encountered. A general ledger is also known as a...

Successful business owners have a few things in common: savvy, chutzpah and a plan. A well-written business plan is a valuable asset. It can establish product definition and build the foundation...

Fall is upon us again and with the change of season comes falling leaves. While colorful trees are beautiful, the leaves that pile up in many yards across the United States are seen as an...

Many businesses use bank loans to finance and expand their operations. While the types of loans and terms vary, bank loans overall have similar advantages and disadvantages for businesses.

You can organize personal- or business-related cash receipts using a payment journal. Cash receipts come in different forms and styles. Some receipts are printed documents on formal stationery,...

Starting a business requires a tremendous amount of forethought and planning, as faulty business ideas, start-up expenses and cash-flow problems contribute to a large percentage of business...

Business finance, also known as corporate finance, is the theory used by company management to mitigate risk and find the best financing for operations. Most companies use specific calculations in...

Pro forma cash flow statements are business documents prepared to give investors an idea of what a company's average cash flow may look like during a given period. Pro forma is Latin meaning "as a...

An Independant Contractor (IC) is defined by law principles set forth by the IRS. Generally, an IC is considered someone who owns his or her own business and earns a living from that business as...

Solid accounting allows a business to measure activities, beyond recording sales revenues and expenses. There are different accounting methods available, such as the general ledger approach. The...

Accounting procedures refer to the methods used to record your company's finances. Accounting procedures include but do not consist entirely of bookkeeping, such as revenues and expenses. Solid...

The accrual basis of accounting is one of the two basic methods of reporting income and expenses in use today. Under the accrual method, income is recognized when earned, and expenses are...

There are several ways to begin a successful business with a small amount of capital. You have to be disciplined and creative in executing business tasks. You'll also need to pay close attention...

The purpose of a business financial plan is to demonstrate to yourself, your lenders and your investors whether your business is economically viable. Typically, it is the final section of your...

At one time or another, almost every business will find itself in a position where it needs additional cash quickly to finance rapid growth, pay suppliers or employees, or cover accounts...

At one time or another, almost every business will face a situation in which it needs cash that it doesn't have available, or it must come up with cash quickly to take advantage of an opportunity....

The profitability index is calculated for an investment based upon an initial investment and the future cash flows that are going to be received from that investment. Compare an investment against...

In a cash flow statement, a person itemizes expenses and estimates sales revenues in order to get an idea of how much money is coming in and going out each week. Create a monthly cash flow...

Production planning is an important management activity undertaken by manufacturing firms. Planning how a product will be financed, produced, and distributed are all issues that must be carefully...

If you have started a business and would like to offer credit to your customers, below are some step by step guidelines to help you write a credit policy for your business.

Product and process planning are two important management activities undertaken by manufacturing firms. Determining how a product will be financed, produced and distributed are all issues that...

Some business owners like to receive cash for payment, because cash cannot bounce like a check or be reversed like a credit card charge. The downside of accepting cash is the limited paper trail....

Maintaining accurate inventory numbers is essential for proper business operations. Unfortunately, it is usually not cost effective for businesses to physically count their inventory each month...

Opening up a restaurant is the dream of countless entrepreneurs. However, succeeding in the restaurant business necessitates a thoroughly researched and candid business plan detailing financing...

Production planning is an important management activity undertaken by manufacturing firms. Planning how a product will be financed, produced and distributed are all issues that must be carefully...

Accountants use bank reconciliation to ensure that all general ledger items have cleared their company's accounts. Most accounting information systems have a bank reconciliation module that...

Businesses need financing for several reasons. Many times they cannot afford large investments with their current cash flow or need outside financing to expand their business operations. The...

Product and process planning are two important management activities undertaken by manufacturing firms. Planning how a product will be financed, produced, and distributed are all issues that must...

Developed in the late 1800s, a cash register is used in retail stores. Although the cash register is still part of retail stores, the parts have changed to show the technology of the times.

Whether you're a fan of neat and clean new bookstores or a denizen of used bookshops overflowing with merchandise, all well-designed bookstores share the same elements. Great shelving and lighting...

Lowering business expenses is an important function for company management. Achieving maximum profitability will lead companies to cut unnecessary expenses from their business operations. This...

Business finance is the main planning function businesses use when evaluating future projects for company operations. Department managers and management accounting will usually use several finance...

Bankers regularly characterize working capital as an important measure of the health of a company. Working capital represents the amount of cash and cash equivalents that are available for regular...

Creating spreadsheets for a small business is not something many entrepreneurs worry about. After all, the prime importance of these spreadsheets is functionality. But it’s interesting to note...

The production process of a manufacturer can be a complex business operation. Most manufacturers have several management levels in place to help develop and maintain the production process. Before...

Cash liquidity is an important measurement of a successful business. Good liquidity usually indicates that a business has good internal cash controls and solid accounting processes. Liquidity is...

Factoring receivables is a process by which companies that do not want to manage or collect their account receivable balances can sell their balances at a discount for cash.

How to finance corporate growth is one of the greatest challenges a manager faces. The financing landscape is complicated. There is a wide variety of methods to choose from when selecting capital...

With all the business credit card offers that small business owners receive, it's easy to get confused in the chaos. Let's break down the advantages of small business credit cards and what to...

Petty cash is an all-too frequently overlooked expense deduction for small businesses. Yet when you add up all the petty cash expenses over the year, the cash deduction for taxes may not be all...

Pro forma means to provide in advance. In the business world, pro forma financial statements are prepared prior to major business transactions such as restructuring, capital expenditures, new...

Learn how to increase your bottom line for your business, your cash flow. Creating, owning and running a business is a huge investment of you time and money and in this business savvy world it...

The business world is highly competitive, and it takes a lot of careful planning to achieve your goals. There are many factors to consider when starting a business or adjusting the course of a...

When running a small business, fraud is no joke. While larger organizations have well-established cash-handing policies and small armies of fraud prevention staff, a small business owner is on her...

Throughout the existence of a business many requests will be made for its financial statements. Financial statements are formal presentations of the flow of money into, through and out of a...

The Cash Flow Business is an entrepreneurial opportunity started by Russ Dalbey. It is based on the premise that you can buy cash flow notes and then sell the notes for a profit. The Cash Flow...