What is imprest and how is it used in business
Imprest is a type of fund that is used to finance petty cash expenses. The fund is kept in a bank account, and the account holder is given a set...
The Legal Status of a Service Charge
A service charge is a finance charge that is triggered by a specific event. It can be assessed on checks you write to pay off other credit cards or when the overdraft protection...
How to Calculate the Average Collection Period
When you're setting up credit terms for your customers, you want to ensure that the average collection period is optimal. It will help you measure the performance of your collection efforts and see...
What is a work ticket and what are its uses
A work ticket is a document that authorizes a worker to perform a specific job or task. It is typically used in industries such as construction, manufacturing, and event management....
How to Choose a Wraparound Mortgage
Wraparound mortgage, also known as a "wrap," is a type of secondary mortgage in which the seller extends a junior mortgage to the buyer. This mortgage, as its name suggests, has a lower interest...
What is production efficiency and how can it be improved in your business
When running a business, it is important to be as efficient as possible in order to cut costs and increase profits. Production efficiency is a measure of...
Tips For Improving Your Efficiency Ratio
An efficiency ratio is a measure of how much an entity spends to generate a dollar. An entity is supposed to reduce its efficiency ratio to the lowest possible value. This measure is particularly...
How Nominal Value Is Used to Determine Dividends
Nominal Value is a legal obligation and is the stated amount written on the face of a security. The amount can range anywhere from 0.00001 to $10 per share. In some situations,...
Entrepreneurship is incredibly vital for any country's economy and success. The world is thick with renowned entrepreneurs who thought of creative ideas and launched startups, which later flourished into million-billion dollar organizations. A few of these most influential and...
An SUV or a mini truck is a big vehicle. That said, the cost of securing a loan for one is extensive. From paperwork to submitting income proof, the process can get to you, especially if you're buying an...