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Typically, business owners are interested in two interrelated indicators: revenue and profit. Revenue shows how much the company has earned, and profit shows how much is left after deducting expenses.
Most likely, if the revenue is higher, then the profit will be higher. The opposite also works: if revenue falls, then the same will happen with profit. And everything would be very simple if there was a direct relationship between the indicators. But no: revenue can sink quite a bit, and this will lead to big losses. Continue reading
The choice of a bank for business in Russia is one of the key problems faced by legal entities (LE) and individual entrepreneurs (IP). All businessmen are looking for a way to minimize possible risks, avoid force majeure situations, and save their money and nerves. Let’s make the most of your time! Read the article on how to choose the right bank for business.
How to choose a profitable bank for business Continue reading
“Debit and credit” is perhaps the most famous accounting phrase that even those who are far from the topic of finance know. But do you understand what it is, and can you explain the essence of the concept of debit and credit in simple terms? It’s actually pretty easy.
Debit and credit – what is it
What is reflected in debit and credit? Continue reading