Don’t Let Late Payments Drain Your Wallet: A Guide to Adding Finance Charges in QuickBooks Running a business means juggling a lot of moving parts, and getting paid on time is crucial for keeping the wheels turning smoothly. Unfortunately, late payments happen, and sometimes you need a little extra incentive to encourage customers to settle...
Decoding DPO: Your Finance Friend Who Wants You to Get Paid Faster Ever wonder how efficiently your business is managing its cash flow? Enter Days Payable Outstanding (DPO), a handy financial metric that shines a light on just that! Think of DPO as your company’s internal clock for paying suppliers. It tells you, on average,...
From Finance Whiz to Certified Public Accountant: Is It Possible? So, you’re rocking that finance degree and dreaming of crunching numbers as a Certified Public Accountant (CPA)? Fantastic! You’ve already got a solid foundation in the world of money management. But is a finance degree enough to launch you into the exciting realm of CPAs?...
Numbers Tell a Story: Untangling the World of Finance vs. Accounting Ever wondered what makes a business tick? What keeps the lights on and the doors open? Behind every successful venture lies a complex dance of numbers, decisions, and strategies. Two key players in this intricate ballet are finance and accounting. While they often get...
From Finance Whiz to CPA Superstar: Can Your Major Set You Up for Success? So you’re a finance major with dreams of becoming a Certified Public Accountant (CPA)? Fantastic choice! Both fields revolve around numbers, but the path from finance degree to CPA designation isn’t always straightforward. Let’s dive into what you need to know...
Money Talks, But Whose Language Are We Speaking? Understanding the Difference Between Finance and Accounting Imagine you’re running a lemonade stand. You’ve got lemons, sugar, water, cups – all the ingredients for success. To keep things running smoothly, you need to track your costs (lemons, sugar, cups), how much lemonade you sell, and ultimately, how...