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Reference Desk

Accounting Resources


Articles:

Understanding Financial Statements: A Health Checkup for Your Business - Financial Statements record the performance of your business and allow you to diagnose its strengths and weaknesses by providing a written summary of financial activities. There are two' primary financial statements: the Balance Sheet and the Statement of Income.

Financial Ratio Analysis - The Balance Sheet and the Statement of Income are essential, but they are only the starting point for successful financial management. Apply Ratio Analysis to Financial Statements to analyze the success, failure, and progress of your business.

Pricing Policy - Identifying the actual cost of doing business requires careful and accurate analysis. No one is expected to calculate the cost of doing business with complete accuracy. However, failure to calculate all actual costs properly to ensure an adequate profit margin is a frequent and often overlooked cause of business failure.

If Somebody Owes You Money - If you are owed money and have not received any payment over a reasonable period of time, there are certain steps you can take to collect, even before going to the expense of hiring a collection agency or lawyer.

Accounting Directory
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