Business

While summing up the financial year, it is important to get your accounting balance straight. Therefore, you should consider making adjusting entries. Without them, your final figure for the account can become inaccurate. Thus, to avoid inaccuracies and know the exact revenue generated by your business in the accounting year, it is important to record […]

Double Declining Balance Method: Also known as the reducing balance method, a double declining balance is an accounting term. It refers to how you account for the expense of an asset. It is primarily used when you want to use an accelerated depreciation method. A very basic explanation of a double declining balance is that […]

Gross Profit Ratio is calculated by dividing your revenue by your gross profit. Owning a small business isn’t easy; it can take a while before it actually starts becoming profitable. There should be an easy way to determine whether you’re actually making money or not. Luckily, there is! It’s called the gross profit ratio, and […]

Operating cash flow is a familiar accounting term that is related to direct business operations. The important calculations used are helpful when getting a clear outlook of the growth and expansion of a company. For a growing business, there are the financial projections that will matter the most.   OCF Operating cash flow helps a company […]

Whether you’ve heard of the labor force participation rate formula or not, this is the article that’s going to detail everything you need to know. 2020 has been a very strange and surreal year, to say the least, and the world has changed in ways we could have never predicted, especially when referring to the […]

Auto loan rates fluctuate just like any other interest rate. The better your credit rating the lower your used car loan rate will be. But if you have little to no credit or bad credit, all hope is not lost. You too can get a car loan with interest rates to fit your budget.  1. […]

One of the most frustrating parts of adulthood is getting disapproved of an auto loan you desperately need. Often, the reason you don’t get approved is due to the state of your credit history. If you don’t believe your credit is sufficient enough to get approved for an auto loan, don’t give up all hope […]

The Digital Era is here and it is changing the way we live every aspect of our lives, including our financial choices. We have cryptocurrencies, direct deposits, and now, Open Banking. The concept of Open Banking has been around for years. You’ve probably heard of it and still don’t know exactly what it means, though.  […]

Being an entrepreneur can be a rewarding experience. You get to invest your money into new ideas and see them blossom into something new. You can move from one project to the next, leaving success in your wake. But there’s nothing more fulfilling than investing in yourself as a person. That doesn’t mean putting all […]