If you’re planning on selling your business in the future, a comprehensive exit planning process is crucial to maximizing your outcome. Exit planning should be top of mind for all successful business owners, but it’s a topic that’s overlooked by many entrepreneurs. Even if you currently don’t have any plans to sell your business, the …
5 Key Steps to Effective Exit Planning for Business Owners Read More »
How much is your business worth? It’s an interesting question, but one that’s difficult for many entrepreneurs to answer. So many factors define how the value of a business is calculated – both quantitative and qualitative. Businesses aren’t static – they grow and evolve over time, and so does their value. It’s crucial for business …
What’s Your Business Worth? The Art and Science of Business Valuation Read More »
Cost accounting is a type of accounting that analyzes a business’ complete production costs by looking at both variable and fixed costs. This includes the concepts of marginal costing, lean accounting, standard costing and activity-based costing. It’s used by a business’ management to evaluate fixed and variable costs involved in the manufacturing operations. The initial …
How Cost Accounting Helps Businesses Measure Performance Read More »
Accounts payable (AP) is a crucial function to any business, as errors in the process put a company in problems. Although many businesses still use manual methods as they find the system to work fine, it requires a lot of precision from the accounts payable team. There are better – and more efficient – ways …
