Whether you intend to do your bookkeeping or plan to pay someone else to do it for you, gaining an understanding of the basic accounting principles will help you to understand your bookkeeping reports. Why are basic accounting principles important? One of the purposes of accounting information is to enable us to compare and contrast the performance of a business … Read more
Balance Sheets are financial reports or statements that detail the assets and liabilities of a business. If you are going to run a small business you need to understand what Balance Sheets can tell you about your business. A Definition A Balance Sheet is a statement of the financial position of a small business on a given date. It provides … Read more
Performance management is a term that is used in several different ways. To some, the term means the management of the performance at an organizational, department or team level. But to others, it means measuring the performance of individuals within an organization. Performance Management is: … activities that ensure that goals are consistently being met in an effective and efficient … Read more
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