An Insider’s Guide To Solvency And Liquidity

An Insider’s Guide To Solvency And Liquidity

You’ve started your own business, and now you keep coming across all of these financial terms in your paperwork. Profitability, solvency, liquidity… It can be hard to keep up ! In this post we are going to explore everything you need to know about solvency and...
Profitability : An Eye-Opening Guide

Profitability : An Eye-Opening Guide

Most people understand the meaning of the word profitability, whether they are in business or not, more money coming in than going out, right? In reality, there is a lot more to profitability than that, this article will cover what you need to know, giving you an...
The Accounting Mistakes We’re All Making

The Accounting Mistakes We’re All Making

Accounting is often regarded as a necessary evil by entrepreneurs. Everyone knows it is absolutely crucial for any business and yet, a majority of people dread doing it. While accounting does take care, discipline and some basic knowledge, without managing your...
The Trial Balance : Our Definition, With Examples

The Trial Balance : Our Definition, With Examples

The trial balance is a type of accounting report which lists both the debit and credit balances of the company accounts. It is used in the double-entry accounting system. What’s the real use of a trial balance ? How to Format a trial balance report ? How to...
The General Ledger : A How-To Guide

The General Ledger : A How-To Guide

The general ledger has been at the core of accounting for centuries, being essential for financial management and success in companies large and small alike. But what exactly is a general ledger and what is it used for? In this article we explain how to complete a...