Decoding the Money Maze: What Doesn’t Count as Financing? Understanding a company’s financial health can feel like navigating a labyrinth. One crucial tool for this journey is the statement of cash flows, which breaks down where money comes from and goes to. But with all those technical terms, it’s easy to get lost! Today, we’re...
Cracking the Code: What Does EOY Mean in Finance? Ever heard someone talking about “EOY” numbers and wondered what on earth they were referring to? Don’t worry, you’re not alone! EOY is a common acronym tossed around in financial circles, but it doesn’t have anything to do with alien encounters. ???? EOY simply stands for...
Unlocking the Mystery of NWC: Why it Matters to Your Business Ever heard financial folks talking about “NWC” and wondered what on earth they were referring to? Don’t worry, you’re not alone! NWC stands for Net Working Capital, and it’s a super important metric in finance that tells you a lot about the health and...
Unmasking EBITDA: Your Business’s Profitability Powerhouse Ever heard the term “EBITDA” thrown around in financial circles and wondered what it actually means? Don’t worry, you’re not alone! It sounds complicated, but it’s a surprisingly simple and crucial measure for understanding a company’s financial health. Think of EBITDA as a sneak peek into a business’s core...
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...