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What is Discounted Cash Flow? The discounted cash flow meaning is simply the method to estimate what the present value of money a business, project, or asset is expected to make in the future. It is basically like turning tomorrow’s dollars into what could be today’s price tag. Every invoice you dispatch, or every subscription… Continue reading Discounted Cash Flow (DCF): Understanding Meaning, Calculations & DCF Formula

What Is Procurement? Procurement is the process by which organizations acquire goods, services, or raw materials on a large scale for their operations. Suppliers, external sources, or manufacturers are major sources through which companies purchase goods and services. Following this process, the organization fulfills its operational needs. Procurement is the first step when a business… Continue reading Procurement vs. Purchasing: What’s the Difference?

Why is Accurate Concrete Pricing Necessary? You must use accurate pricing to keep your business profitable. It is more than just quoting a number. When you calculate estimates in detail, you will have complete control of your budget. Accurate pricing helps you protect your margins in case of unexpected expenses or disputes. When your pricing… Continue reading How to Price Concrete Jobs? Explained in 9 Easy Steps

Why Small Businesses Need Invoicing Software? Nowadays, every SMB as well as startup needs sophisticated invoicing software to handle the increasing demand for invoices. Because nobody can spend more time just making invoices and receipts, isn’t it? A modern invoicing software can help them prepare multiple invoices with ready-made invoice templates, reducing the manual intervention… Continue reading 11 Key Features of Invoicing Software for Startups & SMBs

What is Accrued Revenue? Accrued revenue refers to the earnings or income for which the company has not received payment, even after successfully delivering the product or service. This kind of revenue also refers to unrealized payments under which the company has not received any cash. Such revenues are recorded as an asset or accounts… Continue reading Accrued vs. Deferred Revenue: What’s the Difference?

Why Clients Delay Payments? When you see late payments, you can’t immediately say this is a sign of a bad client. There are cases in which delays may stem from internal limitations or financial constraints. Some clients take invoices for granted, especially when the business relationship feels “friendly.” The payments slide down the priority list,… Continue reading Top 10 Most Common Late Payment Excuses & Their Solution

What Is an Average Web Designing Cost? The average web design cost range for a simple website is $1,000 to $3,000. This goes for an average or intermediate website design, costing $3,000 to $7,000. The highest cost is for advanced website design, which can range from $15,000 to $85,000 or more due to its complexity.… Continue reading How Much Do Web Designers Charge? A Web Design Pricing Guide

What is a Bad Debt Expense? Bad debt expense is the cost incurred by a business when it gives up collecting from a delinquent customer. If you sell an item on credit, the due amount is recorded in accounts receivable. Then, it’s the customer who is responsible for paying their dues, but somehow they keep… Continue reading How to Calculate Bad Debt Expenses (With Examples)

What is the Times Interest Earned Ratio? The times interest earned ratio, also known as the interest coverage ratio, is a metric that indicates a company’s ability to pay its interest obligations. It is part of the solvency ratios. It is determined by dividing the earnings before interest and taxes (EBIT) by the company’s total… Continue reading Times Interest Earned Ratio: Definition, Formula & Calculation