Boost your financial fitness with the 50/30/20 rule
Ah, Budgeting! It’s one of those habits that we all SHOULD have but sometimes (due to many reasons) we don’t tend to it. Some may call it pure laziness but we do have a solid reason behind that. Because it’s really difficult to estimate accurately what the expenses will be every month. Just take a […]
How Cloud Accounting Can Streamline Your Business Finances
Lets us paint a picture for you: ABC, a developing analytics platform attracts clients from all around the world, is attracting a lot of clients from all around the world. They are also rapidly increasing their operations. Yet with so much good news on the horizon, there is still one thing that’s holding them back: […]
How Automation is Changing the Accounting Industry
Ever since the Industrial Revolution, skill changes have directly correlated with the introduction of new technology in the workplace and overall lifestyle. In this revolution, automation adoption has accelerated these changes compared to even the recent past in every industry, whether its healthcare, marketing and sales, manufacturing and even accounting. So far, we have applied […]
Key Financial Metrics Every Small Business Should Track
Running a small business is as challenging as piloting a ship in unpredictable seas. Let’s take an example of fictitious SaaS companies like CloudTasker, which offer project management software to other small businesses. Thus, understanding the key financial metrics is necessary for sustained success. Briefly speaking, think of these metrics as a tool to ensure […]
Difference Between Cash and Accrual Accounting
For businesses, the method chosen to track the income and expenses will go a long way in clarifying financial decisions and profitability. But how do you know which is the best for your type of business? It becomes really difficult to understand if you are not an accountant, or an entrepreneur. So let’s explore the […]
The Accounting Cycle: 8 Steps You Need to Know
What if we told you that the secret to success in your business wasn’t locked away in winning more clients or launching new products, but something so much less glamorous – an 8-step process that will either make or break your financial future? The truth is: we are talking about the accounting cycle. Now, it […]
