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Chidiogo Emmanuel

What is performance metrics
Chidiogo Emmanuel

What are performance metrics? Why should small businesses track them?

Sep 29, 2022 Small Business 4 min

Performance metrics give small business owners a benchmark to compare the efficiency of efforts towards achieving their goals in sales, production,...

What is absorption costing
Chidiogo Emmanuel

What is Absorption Costing in Accounting?

Sep 26, 2022 Small Business 3 min

Every production process has its related costs that are both direct and indirect. Absorption costing takes all of these into consideration....

What is non-payment account in accounting
Chidiogo Emmanuel

What is a non-payment account in accounting?

Sep 22, 2022 Small Business 3 min

Your business bank account can be a payment or non-payment account. What defines both are the functions or limitations. Bank accounts...

What is a trial balance in accounting
Chidiogo Emmanuel

What is a Trial Balance in Accounting?

Sep 21, 2022 Small Business 4 min

What is a trial balance, the types, who uses it, and for what purpose?  In a news organization, there are news...

What is Days Sales Outstanding?
Chidiogo Emmanuel

What is Days Sales Outstanding, Formula, and How to Improve It?

Sep 20, 2022 Small Business 4 min

While many small businesses offer credit sales, the growing concern is the days it takes to get payment. Days Sales Outstanding...

What is Accrual Accounting?
Chidiogo Emmanuel

What is Accrual Accounting?

Sep 16, 2022 Small Business 4 min

What is accrual accounting? What small business does this method fit? Can your company apply it? What is the IRS's take? ...

What is unlevered free cash flow
Chidiogo Emmanuel

What is unlevered free cash flow and how to calculate it

Sep 15, 2022 Small Business 4 min

Before understanding unlevered free cash flow, we'll break down the terms unlevered, cash flow, and free cash flow. Businesses treat cash...

What is a good liquidity ratio
Chidiogo Emmanuel

What is a Good Liquidity Ratio? Types and How to Calculate it

Sep 12, 2022 Small Business 5 min

For a small business to sort out its day-to-day expenses, a good liquidity ratio plays an essential part. The higher the...

What is an unapplied cash payment
Chidiogo Emmanuel

Unapplied cash payment and how to reconcile transactions

Sep 9, 2022 Small Business 3 min

This article will discuss an unapplied cash payment and how to reconcile such transactions. Small business owners sometimes receive or make...

what is the difference between service charge and tip
Chidiogo Emmanuel

Service charge vs Tip: What is the difference?

Sep 7, 2022 Small Business 4 min

Understanding service charge vs tip will save you headaches when filing your finances with the Internal Revenue Service (IRS). Service charges...

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