Is Merging with or Acquiring Another Business Right for Me? What is merging? When a business is successful, sometimes it wishes to buy or merge with other companies to create a stronger hold on the market or become even more successful. Merging is when two separate...

If your small business accepts credit card payments in-person and online then chances are you are connecting to a payment processor or merchant account provider (MAP) to facilitate electronic payments (credit cards, ACH, or digital wallets). Our team of professional...

In accounting, liquidity (or accounting liquidity) is a measure of the ability of a debtor to pay their debts as and when they fall due. It is usually expressed as a ratio or a percentage of current liabilities. Liquidity is the ability to pay short-term obligations....

In financial accounting, owner's equity consists of the net assets of an entity. Net assets is the difference between the total assets and total liabilities. Equity appears on the balance sheet (also known as the statement...

Some expenses, such as wages, may be either a direct cost or overhead. For instance, in a manufacturing business plant worker wages would be listed under “Cost of Goods Sold” as a direct cost on the Profit and Loss Report whereas office wages would be an overhead...

What is Gross Profit? Gross profit is a company’s total revenue (aka total sales) minus the cost of goods sold. This is the profit a company makes after deducting the costs associated with making and/or selling its products, or the costs associated with providing its...