It’s common to think of business assets as physical assets. But there is a whole group of assets known as intangible assets that are included on a company’s balance sheet. Here will look at how to identify intangible assets.
While there’s a lot of emphasis on planning for the end of the financial year, the end of the calendar year is also a time when businesses need to plan ahead. Let’s look at some of the challenges SMEs can face in the last few months of the year.
There are times when a business can find itself in a tough spot and needing urgent business finance. Here we’ll look at some of the options for short-term loans when small businesses are struggling with cash flow.
Current liabilities are what a company needs to pay within the next 12 months or within its normal operating cycle. Knowing your current liabilities is important because it enables you to plan your finances and calculate important financial ratios. Here we’ll cover a list of items that are added up to determine the total current liabilities of your business.
An operating expense is a cost that a business incurs through its regular business operations to meet day-to-day expenses. In accounting terms, the abbreviation OPEX (or OpEx) is widely used to refer to operating expenses.