Business Contingency Plan No one likes to think about disasters, but they can and do happen. That’s why having a contingency plan for your business is important. The definition of contingency planning is a course of action you will take in the event of a disaster. It should cover everything from natural disasters to power…
Effective Business Cash Flow Management For a small business, managing cash flow is often the difference between success and failure. There are a number of ways to effectively manage your business’s cash flow, from using business software to implementing specific techniques and tips. In this article, we’ll explore some of the best methods for managing…
What are debits and credits? In accounting, debits and credits are ways of recording financial transactions. Transactions are recorded as either a debit or a credit, depending on what is happening in the transaction. What does debit mean? Debits are typically used to record assets, while credits are typically used to record liabilities. For example,…
Effective Business Expense Management If you are a business owner, you know that effective expense management is crucial to the success of your enterprise. There are many ways to cut costs and save money, but it can be difficult to know where to start. That’s why we’ve put together this helpful guide with some of…
