Six benefits of outsourcing accounting for small businesses
Outsourcing allows you to quickly fill the gaps and keep things running. Having an extra set of trained eyes on the financial workings of your business will virtually eliminate the risk of fraud in your business. If you opt for in house accounting vs. outsourcing for your business, then you will have to purchase all […]
Read MoreIncome vs Revenue: Difference and Comparison
Nonoperating revenue is the money that a business earns from side activities unrelated to its daily activities, such as profits from investments or dividend income. This type of revenue is generally less consistent than operating revenue. Revenue is often called the top line because it’s located at the top of an income statement. When a company is said to have “top-line […]
Read MoreDays sales outstanding Wikipedia
If you hire a collections company to collect outstanding receivables, they may ask for a percentage of the balance. But DSO is just one piece of the puzzle when it comes to analyzing business performance. Business owners should assess days sales outstanding alongside other KPIs and financial ratios to get a full understanding of business […]
Read MoreForbes 35th Annual Worlds Billionaires List: Facts And Figures 2021
He and Gates traded the number one and number two richest spots off and on. Bezos was the world’s richest person on Forbes’ list of the World’s Billionaires from 2018 through 2021; he dropped to second richest on the 2022 billionaires list. He dropped to fourth richest but moved back to No. 3 on 5 […]
Read MoreAccounting Guide for Photographers: Photography Accounting 101
They specialize in digitizing and organizing receipts, making it easier for photographers to keep track of their expenses. Its integration with accounting software like QuickBooks, Xero, and Wave simplifies the bookkeeping process for photographers. OZKAN has worked with photographers for as long as we have been in business, and been an essential ingredient in the […]
Read More