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Differences between Financial Accounting and Management Accounting

The field of business accounting is divided into financial accounting and management accounting. They are different by purpose, target audience, and regulations.


Cash Flow Can Be More Important than Profit

Cash flow is an indicator of a company's financial health. Without a positive cash flow a business may not survive, even if it is profitable.


Measuring the Cash Flow of a Business

Cash flow is the most important short term factor in business survival. The days in accounts receivable ratio is a key barometer of the funding situation of a company.


The Financial Planning Process: Developing an Annual Business Financial Plan

The annual financial planning process is a very important time for financial and non-financial professionals working at businesses of all sizes.


Tips for Forecasting a Business Budget in Excel

Using trend analysis and other Excel functions can make forecasting for a business budget or plan much easier.


How to Make Sure Your Customers Pay the Bill

Getting paid for your work is the most important aspect of business. If you don't get paid then you can't pay your bills. Here are a few tips to make sure you get paid.


Managing Your Debtors is Critical

One of the most important aspects in small business is the ability to get paid. But it can often be one of the hardest things to do. Here are some tips to help you out...


Marginal and Full Costing: The Difference between Making and Losing Money

This article uses specific examples to define and explain the economic concepts of marginal and full costs and their importance to consumers.


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