Thanks to digital payments, gone are the days where you need to carry cash with you everywhere you go. And, you don’t even have to bring your physical credit or debit cards, either.
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Account Settlement: What to Know for When You Need to Settle Accounts
When you run a business, you need to know a little bit about accounting. One of the things to know is account settlement. The settlement of an account can be crucial, especially if you use clearing accounts. What is an account settlement? Why is it important? When should you settle your accounts? Learn all of […]
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Considering a Deferred Payment? Here’s What You Should Know
Running a business can be expensive. Rent payments, utilities, taxes, and equipment can all come with a hefty price tag. And if you have employees, you also have to throw in the payroll costs. So to save some money now and pay later, you may consider a deferred payment. But, what is deferred payment, and […]
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What Can an Accounts Payable Aging Report Do for Your Business?
As a business owner, you’ve probably made purchases for your company on credit before. And if you make a lot of purchases on credit, tracking how much you owe each vendor can be overwhelming. The solution? An accounts payable aging report.
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What Is Accounts Payable? The More You Owe
Do you purchase goods or services for your business? Silly question: Of course you do. And, you might not always pay for the items up front. Instead, a vendor sends an invoice. If you receive invoices, you need to manage your accounts payable. What is accounts payable?
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The Basics of Accrued Liabilities in Business
If you want to keep your business running, you need to fork over some cash to buy goods and services. And sometimes, you might use credit to make these purchases, resulting in accrued liabilities.
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What Are Non-sufficient Funds?
As a small business owner, you have a lot on your plate at all times. You do your best to keep your accounts, finances, and books in order. But sometimes, things just slip your mind. At some point or another, you might spend more than what you have in your account. When this happens, you […]
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