Recent content by alenaghose

Best payroll services for small businesses Best for comprehensive features: OnPay. Best for user experience: Gusto. Best for affordability: Wave Payroll. Best for payroll and bookkeeping: Intuit Quickbooks. Best for international payments: Rippling. Best free trial offer: SurePayroll. Best for...

They are reports that show a business's performance and profitability, used by owners, investors, and lenders. Understanding your company's financial position is integral to its success. A financial statement can indicate whether your company is bringing in a profit or heading toward trouble.

Working capital, also known as net working capital (NWC), represents a company's short-term financial health and its ability to meet its immediate obligations. It is calculated by subtracting current liabilities from current assets. Positive working capital indicates a company can cover its...

Main types of accounting include: Financial Accounting – Prepares financial statements for external use. Managerial Accounting – Provides internal reports for decision-making. Cost Accounting – Tracks and controls production costs. Tax Accounting – Handles tax returns and compliance. Auditing –...

Bookkeeping records daily financial transactions like sales, purchases, and payments, focusing on accuracy and organization. Accounting analyzes, interprets, and reports this data for decision-making, tax compliance, and financial planning. In short, bookkeeping handles data entry, while...

Can someone explain the term current asset?

I'm planning a trip to Oregon and was wondering—does the state have a sales tax on purchases? I'd like to understand if I should expect any additional charges when shopping there. Thanks for any info!

I’ve come across the term “audit report” in some financial documents, and I’m not entirely sure what it means. Can someone explain what an audit report is, what it includes, and why it’s important? Thanks in advance for any insights!

I’m currently reviewing how income statements are structured and was wondering—what are typically the last four lines of an income statement? I assume net income is at the bottom, but I'm curious about what usually appears just before that. Any help or examples would be appreciated. Thanks!

I'm trying to better understand financial statements and was wondering—what exactly goes on an income statement? I know it's used to show a company's profitability, but I'm not sure what specific items are typically included. Any explanations or examples would be really helpful. Thanks in advance!

I'm curious to know what the typical salary range is for a Chief Financial Officer (CFO). I understand it can vary depending on company size, industry, and location, but I'd appreciate any insights or examples you can share—especially from those working in finance or HR.

A CFO (Chief Financial Officer) of a company is a senior executive responsible for managing the financial actions of the organization. This includes financial planning, risk management, record-keeping, and financial reporting. The CFO also plays a key role in strategic decision-making and...

To do a site audit, follow these steps: Check website speed and performance using tools like Google PageSpeed Insights. Review SEO elements such as meta titles, descriptions, and keywords. Analyze content quality and relevance. Check for broken links and errors. Ensure mobile-friendliness...

To calculate net profit margin, use this formula: Net Profit Margin = (Net Profit ÷ Revenue) × 100 Where: Net Profit = Total revenue minus all expenses (including taxes and costs) Revenue = Total sales or income This percentage shows how much profit a company makes from its sales.

To read a financial statement, start by reviewing the income statement to see profits and losses. Then, check the balance sheet for assets and liabilities. Finally, look at the cash flow statement to understand cash movement. Together, these show a company’s financial health and performance.