The strength of a business often rests in three primary places: the employees, the processes, and the finances. When it comes to finances, failing to maintain an accurate profit and loss statement can caus

One of the basic measures of success is whether your company is making enough money to cover its expenses. While success can be measured in clients’ happiness and the satisfaction of your workers, being

P&L Statement for Businesses A business uses various metrics to gauge its financial success. On the most basic level, financial success is measured by the gap between income and expenses. The higher th

The Difference Between Factoring and Forfaiting Factoring and forfaiting may seem like similar terms, and in many cases, people often confuse the two. Those in the economic sectors of almost any business w

What Are Retention Compensation Plans? Some employers are pursuing specific compensation programs designed to increase employee retention. Compensation plans tend to be expensive, but the expense is often

Payroll Tax Definition Every time you are issued a paycheck, a percentage of your earnings is withheld for government use. This withheld portion of your paycheck goes to the Internal Revenue Service and he