Even if you’re not paying someone else to do payroll for you, it’s still considered a business expense. This is because your employees’ wages and your share of payroll taxes cut into your profit margin. And if business slows down, you may be faced with the difficult decision of delayi...
Learn about what a job description is, and get free job descriptions that cover responsibilities, job duties, and requirements for more than 2,000 jobs.A job description is a document that clearly states essential job requirements, job duties, job responsibilities, and skills required to perform ...
Consider creating a quarterly profit and loss statement. This will help you see where your business stands throughout the year so you can adjust your strategies as needed. What is the format of a profit & loss (P&L) statement? A profit and loss statement (P&L) is a snapshot of a co...
To make informed, data-driven decisions in today's fast-changing economy, small business owners should first grasp what a financial statement is and how it fits into theaccounting cycle. Next, they should familiarize themselves with the three key types: the balance sheet, income statement, and ...
This article is an in-depth exploration of the promise and peril of generative AI: How it works; its most immediate applications, use cases, and examples; its limitations; its potential business benefits and risks; best practices for using it; and a glimpse into its future. ...
Invoices provide benefits to your bookkeeping records, tax records, legal protection, marketing, and inventory tracking. An invoice should include a unique invoice number, your company name and address, the name and address of the payee, a description of goods or services, the date of supply, ...
Image description: A table shows different industries and key generative AI use cases within them. The first example is banking, with an estimated total value per industry of $200 billion to $340 billion, and a value potential increase of 9–15% of operating profits based on average pro...
Financial services.Industries such as finance tend to be conservative because of legal and compliance issues. However, banks might have a higher risk appetite for emerging markets but a lower appetite for real estate. Technology.Technology innovation is often driven by organizations willing to take mo...
Accounts receivable (AR) is money your customers owe you for products or services that you have sold. Find out why AR is important and how to track it.
Many products today support the Common Vulnerability Scoring System (CVSS), an approach used by the National Vulnerability Database (NVD). The scoring system provides a consistent vulnerabilities description and severity ranking between products using a 10-point scale based on formulas accounting for th...