Bank reconciliation is a process that is used to determine whether your company’s books are precisely in line with your bank statements at a given bank. It may not imply anything serious, it is important to sort out any discrepancies. The bank reconciliation process also ensures that your finances …
Moneying Articles and Interviews (category)
Moneying articles focus on all aspects related to business finance, including budgeting, bookkeeping, pricing strategy, insurance, and more. Since you presumably went into business to make money, knowing how to manage it effectively will help keep you in business and move you toward the profitability you seek.
Self-Financing Your Startup: Understanding the Credit Risks
Most entrepreneurs get their enterprises off the ground by financing them with personal funds. Although this is a tried-and-true method, what's not quite as widely known is how it might impact your credit rating. Starting a new business is exciting but also intimidating, especially when it comes …
How to Increase Profit for a Small Business
In the business world, constantly trying to increase your profit is the name of the game. Simply put, if your business is not profitable, there’s not much sense in running it. The profitability of your business endeavor will either make you or break you. As a small business owner, you need to …
How Should You Evaluate Return on Investment for IT projects?
Return on investment, or ROI, is one of the most important considerations to make when tackling any new technology project. What exactly do we mean by ROI? Generally meant is this – what return am I going to see on this investment, and how long will it be before the benefits outweigh the costs? …
What Is a Financial Diet?
People need to go on a financial diet for the same reasons they need to go on one for their eating habits. Your finances are vital to you overall well-being and should be kept under control. It doesn’t matter if you have to cut back a little bit, or are in need of a total overhaul, a financial diet …
5 Industries to Invest in this Year
Investors can stick with tried and tested industries with slow but steady returns. Or they can invest in fast-growing sectors nearly guaranteed to yield significant returns. Know that you don’t have to go for penny stocks or try to find that next hot startup yourself. Instead, you can invest in a …
