When your business is just starting out, keeping track of the money can be a challenge. Without careful budgeting and accounting, it’s easy to lose track of how much money

Today’s increasingly digital world has transformed how businesses operate, buy and sell goods, and pay for services. The rise of the Internet of Things (IoT), artificial intelligence (AI), and other

Accounts receivable is an essential part of any business. This financial asset lets you sell your product or service and then receive payment for it in the future. But wait;

Accounts payable turnover is one of the most widely used financial metrics for monitoring and measuring operational efficiency. A high accounts payable turnover ratio typically indicates that company vendors are

Keeping your books organized and stress-free is not an easy task, especially as a small business owner. There are so many things you have to remember and track, which can

Financial planning is not a one-time event. It’s an ongoing process that involves making financial decisions every day. Whether you’re just starting out in your career or about to leave

Whether you’re an employee or self-employed, you will most likely need to deal with income tax at some point. Income tax laws are a standard practice and the IRS requires

In accounting, there are specific rules for reporting costs and profits. In economics, it’s more about the general theories around profit and costs to help companies grow. Both are critically

The covenantal accountability movement has come a long way in the last decade. Today, we are seeing more and more churches begin to adopt formal codes of conduct that outline

When you have a bank account, it’s easy to assume that everything will be fine if you spend less than what’s in your account. But that’s not always the case.