Term of the Day

accounts receivable

Money which is owed to a company by a customer for products and services provided on credit. This is often treated as a current asset on a balance sheet. A specific sale is general ... Read more

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Investing Tip

Retirement Planning

by Siam Luu

When planning for retirement, figure out where your money is going to come from after you are retired. If you are getting close to retirement, you should be able to expect some mon ...

The Differences Between Revenue vs Profit

One of the trickiest distinctions to make when it comes to managing your business is the difference between revenue vs profit. There are a few simple rules for...

Accounts Payable vs. Accounts Receivable

Two concepts important to any business owner or business analyst are accounts receivable and accounts payable. These like sounding accounts on the financial sta...

Analytical Methods

The selection of the appropriate analytical methods and techniques for assessing a business, or your investment, is crucial to correctly assessing the performan...

Guide to Principle Accounting Concepts

Accounting can seem overwhelming at times with all the terminology, concepts, and rules that make it a full time job to understand. This quick guide will highli...

List of Key Accounting Terms and Definitions

If you want to start a business, get better at running your business, or get an accounting job, you need to know some essential financial accounting terms and c...

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