• Insight
     -  Dimitrios Matsoulis
    March 27, 2016

    The break-even point is that magic sold product volume where the contributions (revenue minus variable costs) of sold products cover initial investment and fixed costs. The contribution of every …

  • Insight
     -  Ramu I.
    June 20, 2015

    It is a fact of life that sometimes customers simply do not or cannot pay what they owe you. You need to make allowances for this or simply write off unpaid debts from time to time and maintain …

  • Insight
     -  Ramu I.
    February 16, 2015

    Managerial accounting is one of the two important divisions in the world of accounting, with the other one being financial accounting. Financial accounting focuses on the creation of basic accounting …

  • Insight
     -  Ramu I.
    February 19, 2015

    Even if you run a small business with only a handful of departments, it is always a good idea to draw up departmental budgets in order to help keep your business on sound financial footing. Reviewing …

  • Insight
     -  Susmita B.
    December 05, 2014

    By examining the profitability of a business, can you tell whether the business has good cash flow? As it turns out, a profitable business may or may not have a good, positive cash flow. Profit is …

  • Insight
     -  Rasel T.
    June 15, 2014

    Every business has their unique mission and objectives. To fulfill these objectives top executives or small business owners try to figure out what actions to take on a daily basis. Budgeting plays a …

  • Insight
     -  Ramu I.
    July 14, 2015

    As the age of an account or invoice increases, there is a noticeable decline in the chances of being able to collect on the invoice. It can be misleading or inaccurate to carry receivables on your …