May 2022

No matter how big your business is, having accounting software is essential for tracking your revenue, invoicing customers, reconciling transactions, etc. Using accounting software can reduce human error significantly. You can also generate reports by analyzing your business performance by setting different KPIs.  Although choosing the right accounting software for your business is not an […]

Costing Allocation Cost Allocation is the process of assigning costs to appropriate cost objects. Cost objects can be any activities or items that you want to measure cost separately. A product, product line, customer, department, etc. can be classified as cost objects. According to Generally Accepted Accounting Practices, it is necessary to match costs with

Starting a new business and guiding it to succeed requires a lot of time and effort. Maintaining sustainable financial health throughout the journey is vital for any business to succeed in the market. Having in-depth financial knowledge or a great financial team will always be an advantage. Drafting a well-thought-out financial plan will help you

Business expenses are simply the necessary cost to run a business smoothly. There are different types of business expenses out there. Having detailed knowledge about different expenses that your business incurs can help understand the financial health of your business. It is also necessary to track and categorize your expenses to scale your business performance.