Dashboard Reporting

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What is a Good Profit Margin?

The profit margin is a financial tool that helps you assess how your business’s bottom line is doing. Generally speaking, a higher profit margin means that your business is doing well. However, what a “good” profit margin depends on a variety of factors. Calculating your profit margin is just the first step. Once you have the number, …

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What Does Net Profit Margin Mean?

Net profit margin is a ratio or percentage that indicates a company’s profitability. A high net profit margin means that a company is selling well while efficiently covering its costs, while a low net profit margin means that it is not selling well and/or is not able to have a cost-efficient operation. Net profit margin …

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a blog featured image with a picture of annette with a topic title about What Is Invoice Financing?

What Is Invoice Financing?

Invoice financing is a term that you will always encounter in almost every business. This process involves using your accounts receivable as collateral for your loans.  The Invoice Financing It can also refer to borrowing money from the account, as mentioned earlier. There are specific nuances from these functions, though, as it can still get …

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What Is Factoring?

Every business, even profitable ones, encounter different hurdles before attaining the sweet peak of success. Some stores may run into customer relations problems. Some may experience intense business competition. But most ventures, one way or another, will come up against financial and funding struggles along their business journey and there is also factoring. Whether it …

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What Is An Income Statement?

Running a successful company is not all glory and money, as many people might think. It requires hours of labour, sleepless nights, and a steady stream of sweat and blood. No matter what your business is—small, big, online, offline—managing every aspect of it is a stressful feat. As an owner, it is your responsibility to …

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What Is A Balance Sheet?

Running a business, even a small one, is already hard enough without throwing in statistical business reports in the mix. However, these reports, like a balance sheet, are the key to achieving a successful venture. Whether you are an entrepreneur, an investor, or an executive, you need to understand financial statements, as they are the …

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What Is The Difference Between Gain and Profit?

It is vital to get a firm understanding of all substantial terms in business, especially ones that involve your finances. One great example is the inaccurate interchangeable use of profit and gain in the industry. These two accounting terms both pertain to business earnings, but their similarities end there. It is time to create a …

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Best Time Tracking Software for Online Business

In recent years, many businesses have migrated online due to the ease of technology and have been exacerbated by the COVID-19 pandemic. Time-tracking can be quite a challenge for SMEs who live online, but it doesn’t have to be. In this article, time tracking software for online business, a few will be mentioned. Time tracking …

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Payment Gateway: Paypal and Stripe

When it comes to deciding on the best payment gateway for online businesses, PayPal and Stripe have both made a name for themselves. They are both widely known payment service providers (PSPs) in the e-Commerce industry. A PSP is a third party service that offers merchants various payment methods through a single channel. It allows online stores …

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