Cash flow reveals a lot about a company’s ability or lack thereof to meet its financial obligation, and thus it tells a more accurate story about a company’s situation than net income. In a nutshell, it is the money that moves in and out of the business in a month. Companies with positive cash flows can […]
What is Money Laundering?
If you have ever watched a legal or crime drama, you may have heard the term money laundering bandied about frequently. Perhaps you recently finished watching a news story or reading an article about a criminal convicted of this offense who was handed a heavy sentence to spend years behind bars. This may have piqued your […]
What Is A Bank Draft And How It Works
Image Source: PexelsAs a seller, you always want to ensure that you receive a fast and secure payment from clients. However, sometimes the payment will go wrong or you get scammed, such as when using a cashier’s cheque. There is a likelihood that the cheque will bounce back. So, what are the best options you […]
What Is Tax Liability And What You Have To Pay?
For many taxpayers, the commencement of tax season brings its own unique set of challenges and hurdles. Whether you are handling your own tax return or hiring a seasoned professional to attend to these matters, it is important to assess what you will be expected to pay in a given year.One of the most frequently asked […]
What Is a Credit Reference? Pick the Right One
If you are a brand new client with a lender, supplier, or utility provider, it is difficult to predict whether you will pay your accrued bills within the specified time. It is risky for you to be granted anything on credit without providing cash up front. However, a credit reference, such as a credit report […]
What Is Goodwill in Accounting?
Goodwill is an asset that is recorded on the balance sheet and whose definition and calculation is specific to the Generally Accepted Accounting Principles, i.e., GAAP. This specific description helps managers and investors to understand the answer to the question, “what Is Goodwill in accounting?” Quick Navigation What Is Goodwill in Accounting?What Is Goodwill in […]
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