Nonprofit Organizations: Meaning, Comparisons & Best Practices
A nonprofit organization (NPO), is also known as a non-profit corporation, not-for-profit organization, or nonprofit institution. It is a legal…
Balance Sheet vs. Profit and Loss Statement: Relationships & Differences
Small businesses often need a range of paperwork to run their operations. This includes tax filings and financial…
Employee of the Month: Best Practices, Templates & Ideas
Employee separation is at an all-time high, according to a recent report released by the Bureau of Labor…
Blockchain Technology Simplified!!! (+ All you Need)
If you’ve been following banking, investing, or cryptocurrencies for the last ten years, you’ve probably heard the phrase…
Accounting Standards: Overview, Benefits & Codification
As business owners, it’s almost impossible to avoid the process of accounting considering its importance. The only escape…
Grants: Definition, Types, Examples And Eligibility
As business owners, our funding options are usually limited. More often than not, you either opt for loans…
Financial Accounting Standards Board (FASB): Codification, History & Functions
What is the Financial Accounting Standards Board (FASB)? The Financial Accounting Standards Board (FASB) is an independent body…
GAAP: Overview, Importance, History, Limitations
What Exactly is GAAP? GAAP, or Generally Accepted Accounting Principles, is a system of rules and procedures used…
Automating Accounts Payable Process: What You Should Know Before Automation
What does automating the accounts payable process really mean? Why is the automation of the accounts payable process…
Prescriptive Analytics Tools & Techniques: 9+ Best 2023 Options
Prescriptive analytics is the last step in the analytics process for enterprises. The concept of business optimization lies…