There are many things you have to know about learning how to prevent bankruptcy. All boils down to learning how to prevent bankruptcy if you must be able to manage your finances well. You need to find out if there are some things you need to do so as to avoid having to file for bankruptcy in the first place.
I am saying this because, after filing bankruptcy and are able to settle some of your debt, you will still be faced with the problems of having bankruptcy appear on your credit history for the next ten years. Read more
The Financial Statement for your business is probably the single most referred to report that your company will produce. It comprises several other documents including the Balance Sheet and the Profit and Loss statement and provides all of those looking for a complete financial picture of your business with a detailed account.
So, who actually uses the information in a financial statement? Which groups of people find such things essential and why?
Owners & Managers
First and foremost you will need the information yourself as the owner of the business without the information in a financial statement it would be very difficult to make any important business decision. Read more
Canadian business, during its search for new and innovative financing solutions keeps hearing about asset loans and accounts receivable financing solutions. These two types of financing for Canadian business owners and financial managers are a subset of what is known as an asset based line of credit.
The financing is newer to Canada, growing in traction and popularity, and still widely misunderstood as a total financing strategy for your company. Read more
When it comes to judging you business against others in your industry, it can sometimes be difficult because of the differences between the two companies. Size, revenue, and inventory can all be large discrepancies when it comes to evaluating each firm. A way to make this type of comparison equal comes with the use of accounting ratios. Ratios can be used for a variety of business measurements and are extremely helpful because they can compare two companies as if they are the exact same size. Read more
In the accounting world, there are two main ways of preparing your books and financial statements. These two methods are accrual and cash. Although they have some similarities, there are large enough differences between the two to make accrual the most widely used because of its greater accuracy.
For statement purposes, accrual accounting is much more fair and accurate when compared to cash accounting. Read more
A neck lanyard is a popular modern accessory that comes in varied design and usability options to choose from. Almost every part of these items can be customized, including their straps and holders. You can hang them on your neck or clip them on your shirt pocket / belt, and avoid having to fumble in a purse or pocket for small items. In this article, we will discuss some of the most popular options for lanyards.
Retractable lanyard: Retractable lanyards are best for those who use keycards to pass through secure doors at work, and those who have to show their bus pass. Read more
There comes a time where you might opt for additional assistance for your financial requirements. There are plenty of options you can opt for, out of which loans and banking cards have been a favourable option.
Further in these options include the personal loan and credit cards. Read more