accounting

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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Credit and Debit Memos: A Guide for Business Owners - Cloud Friday Accounting

Credit and Debit Memos: A Guide for Business Owners

In business finance, credit and debit memos play a crucial role in keeping track of financial transactions and ensuring accurate accounting records. While these terms may sound similar, they represent two different types of documents that serve distinct purposes. Understanding the differences between credit and debit memos is essential for business owners to maintain proper

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