by Groflex | Feb 6, 2023 | How to
Accounts payable is a crucial aspect of managing a small business, as it involves paying bills, invoices and other expenses in a timely and efficient manner. By effectively managing accounts payable, small businesses can improve their cash flow, maintain good...
by Groflex | Feb 6, 2023 | Briefly explained
As a business owner or financial analyst, understanding the difference between a balance sheet and an income statement is crucial in making informed decisions about the financial health of a company. These two financial statements provide different, but complementary,...
by Groflex | Feb 6, 2023 | How to
Creating a cash flow statement for your small business is crucial for understanding the financial health of your company. A cash flow statement tracks the movement of cash in and out of your business, including all cash transactions and investments. By regularly...
by Groflex | Feb 6, 2023 | Briefly explained
Introduction Small businesses are the backbone of any economy, providing goods and services to consumers and creating jobs for citizens. However, running a small business is not easy. One of the biggest challenges that small business owners face is managing their...
by Groflex | Feb 6, 2023 | How to
As a small business owner, one of the most important responsibilities you have is to ensure that your employees are paid on time and accurately. One way to achieve this is to set up a payroll system. A payroll system is a software or process that calculates and...
