LIFO Reserves and The Benefits of LIFO Accounting
The Last-In-First-Out or LIFO accounting method is the absolute opposite of the First-In-First-Out (FIFO) method (FIFO). Certain methods allow estimating the costs of products at the moment they are bought or manufactured but assign costs to goods sold on the premise...
Tips on Acquiring a Business Loan
If your business is ready to take a leap, but you don’t have the working capital to do so, you might want to consider taking out a business loan. There are many different types of business loans and companies that can help you apply for the right one. Additionally,...
Top 6 Small Business Costs you should Budget for
Launching and operating a small business can be exhilarating. However, for first-time entrepreneurs or business managers, that thrill often coincides with fear or anxiety that the venture will fail. For example, you may be worried about financial burdens, the overall...
5 Ways to Take Care of Your Personal Finances
You have heard experts advising you to create a budget to help take care of finances. That means observing the 50/30/20 rule – no more than 50% of your salary on rent and bills, 30% on supplementary expenses, and 20% on savings. In as much as that is excellent...
7 Proven Tips for Managing a Home Business
A home business can be an excellent alternative to a traditional, office-based company. You work from your own place, save costs and stay comfortable – seems like the perfect option. However, there are many pitfalls you should be prepared for. Don’t worry,...
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