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We looked at important financial concepts that you as an entrepreneur should know in the last article. Now we are going to learn some useful financial calculations that will come handy to make decisions regarding how to effectively manage your finances.
Read moreIn our previous articles in this series, we learned about accounting fundamentals and how to practically apply those concepts using Google sheets. Now we are going to look at basic finance concepts that are very useful in your business’s day to day activities and even in the long-term planning and strategies.
Read moreIn the previous article we discussed about accounting fundamentals. Here we show you how to practically use these information for business decision making. Like before we are going to use Google sheets for demonstration. Google Sheet is a spreadsheet provided by Google which is alike the Microsoft Excel. Preparation of financial statements and other reports are not valuable if the users do not utilize them in the decision making process.
Read moreBookkeeping is a continuous process of recording all kinds of financial related transactions of a company based on standard methods. It is mainly about recording, organizing, and classifying all financial transactions of an organization. This is useful for a business in order to manage expenses, to make cash flow decisions and to overall run the business more responsibly.
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