Income Statement Examples With Template Download
If you're thinking of starting a business, a start-up costing sheet can help determine how much money you need to start. These can show your business's cash flow to its profit and losses. And when it comes to an income statement it calculates net income or loss over…
How To Interpret Financial Reports
The main reason to become informed about the financial performance and condition of a business is because you have a stake in the business. The financial success or failure of the business makes a difference to you. And the good news is you don’t have to…
GAAP – Financial Reporting Requirements
GAAP (Generally Accepted Accounting Principles) is a collection of commonly followed accounting rules and standards for financial reporting. The acronym is pronounced "gap." Companies are responsible for providing reports on their cash flows, profit making operations and overall financial conditions. There are three major financial statements required…
Wave accounting – its free but is it valuable?
Investing in small business online accounting softwares usually require a bit of investing from the small business owner. But obviously if you’re launching a start-up and running a small business you may not have a heap of disposal cash on hand. Accounting is one small business task…
Use a financial advisor to help you finance your formal business
Although you may be reluctant to fork out the advice fee, advisers can save you money in the long run. You can use a financial advisor to help you finance your formal business in order to make necessary plans for the future. As it would be difficult for a small…
Professional advice for money management through personal financial planning
One of the main reasons people don’t engage with a financial planner is because they feel they can do it themselves or that it’s too expensive. But there are many benefits of using a financial planner although you may be reluctant to fork out the advice…
Personal finance app
Investing has reached the palm of our hands. The millennial generation is tech-savvy with a level of comfort with their devices. They can compare and switch from one app to the next and are increasingly choosing automated systems to manage their lives. Give them an app that makes their life easier, better…
Bank locator app
Be part of the digital banking population that bank via an app. App banking is generally simple, convenient and is a useful, immediate banking option. Apps fulfil a particular need for e-bankers: they’re the preferred channel for purchasing airtime, data and electricity. As well as use for the good ol’ trusted function of…
Actuarial science and its role in price-setting
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. Actuarial science includes a number of interrelated subjects, including mathematics, probability theory, statistics, and finance, economics, and computer science. Generally, insurance companies employ professionals…
Three major payment gateways
Using an established payment gateway is almost always better than trying to find your own solution. This is because when a transaction takes place, the checkout process happens away from your site and goes to the provider’s site. For security reasons that’s a major plus as there are no…