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Category: Finacial News

crowdfunding concept
25
Apr.

9 Best Crowdfunding Platforms to Fund Your Project

The digital era has made raising capital for personal needs, nonprofit causes, and business ideas simpler with the development of digital crowdfunding sites. The total funds raised using these sites is over $34 billion. These platforms have easy-to-use features and offer a streamlined experience for those sourcing for money and their supporters. Whatever the reason […]

open a bank account banking savings financial concept
25
Apr.

How to Open a Business Bank Account

If you’re a business owner, it’s essential to have a bank account specifically for your business. This will make it easier to keep track of your finances and separate your personal and business expenses. Opening a business bank account is relatively easy, but there are a few things you’ll need to do first. In this […]

EBIT
4
Mar.

EBIT vs. EBITDA: What is the Difference?

Earnings before interest and taxes (EBIT) and earnings before interest, taxes, depreciation, and amortization (EBITDA) are two terminologies that business owners should know. These measurements gauge a company’s financial performance. For example, EBIT tells you how much money the company makes from its operations, while EBITDA considers other expenses such as depreciation and amortization. Understanding […]

GAAP Accounting Principles
4
Mar.

Generally Accepted Accounting Principles (GAAP) Explained

Accountants adhere to generally accepted accounting principles when recording and compiling financial statements. GAAP regulates the accounting profession to ensure ethical practices. Definition Of GAAP What Is GAAP? GAAP is a group of acceptable accounting procedures, principles, and standards that accounting firms and accountants must observe during financial reporting. Types Of GAAP Accounting Principles The […]