Gross Profit vs Net Profit: What’s the Difference?
As a small business owner, you should regularly look at your income statements to determine whether your company is making a healthy...
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Aug 25, 20216 min read
Financial Fundamentals in Accounting for Law Firms
TABLE OF CONTENT Get to love your numbers Financial statements - Make it easy Balance Sheet (B/S) Profit & Loss Statement (P&L) Get to...
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May 9, 20214 min read
Top 6 Reasons Lawyers Lose Financial Control
This article highlights critical accounting challenges that lead lawyers to lose financial control in law practices , emphasizing the...
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Mar 2, 20215 min read
Why Are Your Books a Mess? How to Clean Up Accounting Records?
WHY ARE YOUR BOOKS A MESS? Every small business owner has the best intentions from the beginning, but heavy responsibilities and busy...
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Nov 4, 20202 min read
10 Reasons Why Business Owners Should Switch to Online Accounting Software
Using online accounting software to ensure the accuracy of data.
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Sep 27, 20202 min read
Accounting: What are AP and AR ?
On the balance sheet, accounts payable is a liability account. Liability is divided into short-term liability and long-term liability.
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Dec 7, 20173 min read
Double-Entry Accounting, Debit and Credit - Defined and Explained
While single-entry accounting is quick and easy to use, the standard method for recording transactions is double-entry. Double-entry...
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