Accounting

Gross Margin vs. Contribution Margin: Understanding the Difference - Cloud Friday Accounting

Gross Margin vs. Contribution Margin: Understanding the Difference

It’s essential to understand different margin measures when analyzing a business’s financial health and profitability. Gross and contribution margin are crucial metrics that provide valuable insights into a company’s revenue, costs, and profitability. This blog post will discuss the differences between these margins and their possible values when making business decisions. Gross Margin Gross margin […]

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Demystifying Accounting Expenses: Differentiating Variable and Fixed Costs - Cloud Friday Accounting

Demystifying Accounting Expenses: Differentiating Variable and Fixed Costs

The costs incurred when operating a business are called accounting expenses. These expenses affect the profitability of an enterprise and are crucial to the effective management of business finances.  There are two general classifications for accounting expenses: fixed and variable costs. This blog will discuss the differences between these costs, including their characteristics and significance

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Factoring Receivables: A Quick Guide to Costs and Benefits - Cloud Friday Accounting

Factoring Receivables: A Quick Guide to Costs and Benefits

Running a business requires adequate cash on hand. When the collection is slow and cash flow dwindles, business owners look for a way to bring more in. Some take out loans, while others use factoring receivables. What is Factoring Receivables? Factoring receivables, also known as invoice factoring or accounts receivable financing, is the process of

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Cash Accounting Vs. Accrual Accounting: Pros And Cons For Small Business Bookkeeping - Cloud Friday Accounting

Cash Accounting vs. Accrual Accounting: Pros and Cons for Small Business Bookkeeping

Proper bookkeeping no doubt offers a lifeline for every business. From the first financial transaction, choosing the right accounting method to manage your financial transactions is vital. When doing small business bookkeeping, you have the option of choosing either cash or accrual accounting methods, which are the most popular. However, it’s important to be aware

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Navigating Insurance As A Small Business Owner - Cloud Friday Accounting

Navigating Insurance As A Small Business Owner

From general liability insurance to worker’s compensation, figuring out the world of insurance as a small business owner can be overwhelming. Depending on what your business does and what state you’re in, what insurance you need varies–making it even more confusing than it already is. Without the right insurance, you may end up paying a

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How To Set Up A Small Business Budget - Cloud Friday Accounting

How To Set Up A Small Business Budget

Setting a budget is one of the most important things you can do for your personal and business finances. As a small business owner, every penny counts. If you’re not taking the time to track expenses, revenue, and other miscellaneous spending, you’re potentially putting your business in danger of financial stress–especially in the beginning stages.

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