Topics: accounting, accounting processes, business planning, budget
Accounting departments have formalized the process of budgeting over the years, and during that time, the practice evolved into the annual budget process. This process is largely based on assumptions and predictions about future markets and expenditures. The effort to control operations through a framework of guessing what "might" happen has resulted in multiple perceived disadvantages. Learn about the criticisms that come from these perceived drawbacks of annual budgets and whether annual budgets should be eliminated.
One of the most frustrating aspects of any business is waiting for the cash to flow in. While some blame can be placed.
When you are running a business, keeping on top of outstanding invoices is important. Not only will this give you a.
As your company grows, balanced operating cash flow becomes increasingly important. At the most basic level, cash.
Though many small businesses use the terms "accountant" and "bookkeeper" interchangeably, these professionals actually.
Topics: accounting, IRS, financial management
When a flood, fire, hurricane or other disaster strikes your business, you may suffer heavy property damage along with.
