Cash vs Accrual Method: Which one is better for your business?

by Analytix Editorial Team 10:14

Both, cash and accrual methods are used for recording accounting transactions. Cash Method With the cash method, there is no record of accounts payable or accounts receivable. Instead, revenue is recorded when cash is received and expense is recorded when cash is paid out. The cash method also serves as an indication of whether there

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5 Tips to Better Manage Your Accounts Receivables

by Analytix Editorial Team 9:56

Accounts receivables (AR) keeps stock of the payments received by the business. For a business that is generating a considerable income, managing to keep expenses low, and ensuring effective daily operations, losing track of the accounts receivables still remains a reality and one that can have a negative impact. For a growing business, it is

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Who Are The Key Players On Your Accounting Team?

by Analytix Editorial Team 2:50

Who are the key players on your Accounting Team

Financial sustainability of a business depends on several factors, including its accounting and bookkeeping functions which form the basis of strong financial operations. The presence of robust financial operations typically indicate diligent bookkeeping and accounting practices. Furthermore, a reliable accounting division in a business may be determined by the collective strength of the accounting team’s

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