Learn tips and tricks from the Ledgr blog. Driven by decades of experience, we’ve got advice on everything from starting your company to accounting, building budgets, hiring, operations, HR, and even managing your exit strategy.
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Fixed Assets and Depreciation: Key to Financial Clarity
In business finance, fixed assets and depreciation are fundamental yet often confusing concepts. Whether you’re an experienced entrepreneur or a newcomer, understanding these terms is vital for accurate financial records and informed decision-making. What are Fixed Assets? Fixed assets, or property, plant, and equipment (PP&E), are long-term assets used to generate income, unlikely to be…
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Understanding Investor Reporting: The Role of a Financial Expert
Investor reporting is essential for managing any business that attracts outside capital. It’s about providing clear, transparent, and timely information that reflects your enterprise’s health. For businesses with complex financials, a financial expert can be invaluable in streamlining investor reporting and keeping investors informed. Why Investor Reporting Matters Investor reporting is fundamentally about communication. It…
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Understanding Payroll Taxes: A Guide to What You Need to Know
Payroll taxes are like that one friend who never misses a party, always showing up on time and making their presence known. But unlike your friend who just likes to bring snacks, payroll taxes are a significant part of running a business, with both practical and legal implications. Whether you’re a small business owner or…
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How to Handle Discrepancies and Errors in Your Financial Records
Maintaining accurate financial records is crucial for any business, but even the most diligent accountants can encounter discrepancies and errors. The key to handling these issues effectively is understanding how they occur and knowing the best strategies for resolution. Understanding the Root of Discrepancies Discrepancies in financial records often arise from a variety of sources.…
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Understanding Revenue Streams: The Role of Financial Expertise
When it comes to running a successful business, having a clear picture of your revenue streams is crucial. Revenue streams are essentially the sources from which your business earns money. They can include sales of products or services, subscription fees, licensing, and even affiliate commissions. The complexity of managing these streams can vary significantly depending…