Accounting Articles

Accounting is the bookkeeping methods involved in making a financial record of business transactions and in the preparation of statements concerning the assets, liabilities, and operating results of a business.

Overcoming the Myths of Receivables Factoring

Although factoring volume exceeded $120 billion in 2006, many decision makers tend to either employ other financing methods or choose not to grow their businesses. Rejecting invoice factoring out of hand may be costly for those companies that have good margins, but aren't bankable....

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Invoicing Methods and Factoring

How a company structures their customer billing can have a major impact on the rates they pay for accounts receivable factoring. In some cases, it prevents them from using the service at all....

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Accounts Receivable Factoring- An Alternative to Bank Financing

In a situation where a company isn't able to acquire much-needed working capital from their bank, accounts receivable factoring may be the solution to their financing needs....

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Two Accounting Mistakes Business Owners Should Never Make

Don't make these two accounting mistakes. The results could be horrific both to you and your business....

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Outsource Accounting to Boost Your Bottom Line

Business is composed of a set of interrelated systems that ensure the smooth flow of business processes and convert capital to revenue efficiently. It is important for a business owner to consider each component as if it is just the existing system inside the process....

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Accounts Receivable Financing- The Weight

Accounts Receivable Financing- The Weight explores the heavy burden businesses face when their products or services suddenly become very successful. There are several financing techniques available to accelerate cash flow to meet this challenge....

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Sunk Costs and Loss Aversion

Cost accounting teaches us to ignore sunk costs. Easier said then done because ignoring sunk costs often entails admitting poor decisions and accepting unrecoverable losses....

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Cost Benefit Analysis-Whether You should Outsource Your Bookkeeping to a Professional BookKeeper

In order to summarize the results of a business activity, each financial transaction must be recorded in a bookkeeping system. An entrepreneur has the option to employ a bookkeeper in their organization or outsource the whole bookkeeping system to a professional firm....

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