Trade receivables, also known as accounts receivable, represent the money your business is owed by customers to whom you’ve sold products or provided services. Trade receivables are considered a current asset and are listed as such on your balance sheet, as they’re expected to be paid in less than a year.
Implementing these practices now can help your employees and your company be ready for what's ahead.
Although the country has begun the process of opening up again, the likelihood that business travel is going to start right away is slim. There are still many variables...
The continued spread of COVID-19 has challenged businesses and individuals everywhere by radically reshaping our economy overnight. Amidst all of this sudden change and unexpected chaos, many companies are finding it effectively impossible to keep the lights on and are searching for new, innovative ways to cut down on the costs...
Net Sales is the sales or revenue that your business has earned after all sales adjustments have been taken. Net sales is reported on your income statement, and should always be calculated for any business that sells products.
A service business needs to calculate net sales, such...
Slowly but surely, small businesses are rehiring workers as plans to reopen from the coronavirus lockdown progress across the country.
Employee headcount increased by 3.2% in May, although it remains below pre-pandemic levels overall, according to exclusive data compiled by human resource provider Gusto and based on...
Under normal business conditions, the assumption is often that a unique business model will safeguard you from future threats, but this may not be the case during a crisis. As such, an enterprise’s survival depends on how wisely you have managed resources- and how you will be managing them in the...
“Is water wet?” Will Gilson is blunt when asked whether it’s particularly challenging to open three restaurants in the middle of a pandemic.
But the restaurateur is also optimistic because they are slated to open this fall in Cambridge Crossing, a 4.5 million-square-foot mixed-use development near Boston. He sees the...