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ACH Credit Vs. ACH Debit: An Overview The core difference is authorization and who controls the flow of money. ACH credit and debit are two sides of the same coin. Choosing one of them determines whether the sender needs to push the funds or the receiver needs to pull them out. ACH credit is a… Continue reading ACH Debit vs Credit: Comparing How Each Payment Method Works

What Is Liquidity Management? Liquidity management is a process to make sure the business has enough funds to meet its financial obligations, like debts (accounts payable), payroll, or expenses. Basically, it’s about learning how much money is coming in and how much is going out, so you don’t face a cash crunch when you really… Continue reading What Is Liquidity Management? – Definition, Significance & Best Practices

What is Pro Rata? Pro Rata is a Latin term that simply means “in proportion.” A professional uses it when an amount is calculated or divided fairly in a proportion. Another meaning of pro rata is according to the rate. It is also known by many other names, such as: Pro rate Respectively Prorated Proportionately… Continue reading What Is Pro Rata? Meaning, Formula, Calculation & Examples

What Is Free Invoicing Software? Free invoicing software is an automation tool that helps you generate and share professional-looking invoices without demanding upfront costs. Designed for freelancers and entrepreneurs, it creates an invoice in a way that quickly grabs the recipient’s attention. That said, it encourages the client to pay the outstanding dues without any… Continue reading Free Vs Paid Invoicing Software: A Guide for Businesses & Freelancers

7-Step Process on How to Price Catering Services Before pricing your catering services, first find out what type of food or catering services are in demand. Season-wise, latest trends and demands change, so the pricing of your catering services should be done in such a way that it reflects accurate pricing as per market demand.… Continue reading Catering Pricing Guide: How to Estimate Catering Jobs

What Is Operating Income? Operating income is a financial metric that represents a company’s profit after deducting operating expenses from gross profit. Professionals assess whether the business is generating sufficient profit from its core activities. In other words, operating income focuses on the core income and expenses associated with its operations. Investors, bankers, and lenders… Continue reading How to Calculate Operating Income? Operating Income Formula

What Does AP Automation Mean? Accounts payable automation refers to the use of software or digital tools to simplify the accounts payable process. From receiving invoices to approving them and releasing payments, it includes everything. Automated AP processes differ significantly from traditional accounts payable processes. Automation eliminates manual data entry and speeds up the entire… Continue reading The Ultimate List of 15 Accounts Payable Automation Best Practices

What Is Manufacturing Overhead? Manufacturing overhead (MOH) is the umbrella term for all costs linked to the production that can’t be pinned to a single unit. They are indirectly connected to your production, but very instrumental to the entire manufacturing facility. Factory utilities, equipment depreciation, supervision labor, maintenance, and facility rent are among the manufacturing-overhead… Continue reading Manufacturing Overhead 101: Breaking down Its Meaning, Calculations & Formula

What Is an Income Statement? An income statement (also known as a profit and loss statement) is a financial statement that presents a company’s overall financial health. The document presents the company’s revenue, expenses, and the profit & loss statement. This presentation is for a specific time period, typically monthly, quarterly, or yearly. Therefore, this… Continue reading Income Statement vs Balance Sheet: Find Out the Difference