What is a Cashflow Statement?
A cash flow statement is a crucial financial tool that provides insight into how money moves through a business. By understanding its structure and key components, business owners, investors, and creditors can assess a company’s financial health, liquidity, and ability to sustain operations or fund future growth. This guide will break down the cash flow […]
What is Payroll Tax and How is it Calculated?
Payroll tax is a percentage of an employee’s salary that is paid to the government to fund various social insurance programs. As a business owner, it’s essential to understand what payroll tax is, how it works, and how to calculate it accurately. This blog will break down the concept of payroll tax and guide you […]
5 Free Inventory Software for Crafters
Crafters, whether you’re a passionate hobbyist or a small business owner, understand that efficient inventory management is crucial for success. From tracking supplies to ensuring adequate stock for future projects, the right stock tracking software can make all the difference. While manual tracking of craft supplies is challenging, inventory tracking tools can simplify the process. […]
7 Best Inventory Software for E-commerce Business
Efficient inventory management is crucial for the success of any e-commerce business. Selling on multiple channels can easily get overwhelming however, with the right software, you can streamline operations, maintain optimal stock levels, and enhance overall efficiency. In this article, we’ll explore the importance of e-commerce inventory management software, key features to consider, and the […]
5 Best Inventory Management Software for Shopify Business
In the bustling world of e-commerce, managing inventory efficiently is key to success, especially for Shopify businesses. Using the right inventory management software can help Shopify merchants streamline operations, maintain optimal stock levels, and enhance overall efficiency. In this article, we’ll explore the importance of inventory management software for Shopify businesses and present five top-notch […]
How to Calculate FIFO Cost of Goods Sold
Accurately calculating the Cost of Goods Sold (COGS) is crucial for any business that deals with inventory. The FIFO (First In, First Out) method is one of the most widely used inventory valuation methods, and it plays a significant role in determining COGS. In this blog, we’ll explore how to calculate FIFO COGS, compare it […]
Outstanding Receivables
Managing cash flow is crucial for maintaining financial stability and promoting growth in every business. A key metric in understanding your business’s financial health is Accounts Receivable Days Outstanding (ARDO). This measurement reveals how long a company takes to collect customer payments, directly impacting its liquidity and cash flow. In this blog, we will dive […]
7 Best Billing and Inventory Software for Small Business
Keeping track of bills for timely payment and maintaining optimal inventory levels to prevent stockouts and missed sales can be difficult for small businesses. With billing and inventory software, inventory levels and sales are synced, streamlining operations, saving time, and boosting efficiency. In this blog post, we’ll share a guide to help you find the […]
Freelancer’s Guide to Hassle-Free Invoicing
As a freelancer, getting paid on time is crucial for maintaining your cash flow and keeping your business running smoothly. However, invoicing can often be a tedious and frustrating process, especially if you’re not using the right tools or practices. This guide will walk you through everything you need to know to make invoicing hassle-free, […]
What is Landed Cost?
Understanding the full cost of acquiring products is crucial for businesses, especially those involved in importing goods. This total expense, known as landed cost, encompasses not just the purchase price but also all associated costs from the supplier to the final destination. Landed costs include shipping, customs duties, insurance, handling fees, and other charges that […]
