IRS Announces Good News For Savers
November 13, 2018
The Three Types of Audits that Businesses and Not-For-Profit's should do.
July 7, 2018
June 23, 2018
Why is bookkeeping so crucial?
June 16, 2018
A guide to treat contingent liability
May 26, 2018
Why Gross Margin is an important metric?
February 17, 2018
New United States Tax Law (Part 3)
January 31, 2018
New United States Tax Law (Part 2)
January 23, 2018
New United States Tax Law (Part 1)
January 16, 2018
Is your business solvent?
January 13, 2018
What do you call an accountant who is seen talking to someone? Popular
We are going to discuss three types of auditing. Every business s...
As a business owner, one of your greatest concerns that you face is whether or not your business is going to survive. Many businesses are in debt for...
The Internal Revenue Service has announced an increase in the amount of money you can to contribute to your retirement accounts for 2019.
May 21, 2016
Today, we are looking at the word Working Capital. Working Capital equals current assets less current liabilities. Working Capital serves as a safety cushion to creditors.
A couple of things to note here:
1. A higher balance is needed when the company has a problem borrowing on short notice.
2. A higher balance, or an excessive balance working capital, may be bad because funds could be invested in concurrent assets for a greater return.
Working capital = current assets - current liabilities
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