Accounting Blogs

Ways to Organize Your Business’s Cash Flow

Handling cash flow can be challenging when you’re starting a new business. You may consider outsourcing a professional accounting services

Tips to Preserve Cash Flow and Maximize Profits

As a business owner, liquid cash is vital in maintaining a company’s running. However, many business owners in some cases

Definition of a Control Account

Control account (Also known as a controlling account or adjustment account) is a ledger account that consists of the balance

Practices and Advantages for Modifying Chart of Accounts

Your chart of accounts summarizes all the accounts for your company. From the details in your chart of accounts, you

Guide to Markdown

You probably have heard of the term “markup” before. However, have you ever met the phrase “markdown”? In accounting, people

Guide to Deferred Tax Liability

When you are dealing with issues related to taxes, have you ever come across the term deferred tax liability? It