finance Archives

What is Finance AR?

Finance Accounts Receivable, is a critical component of any business’s financial health. Finance AR refers to the management and optimization of a company’s accounts receivable in order to improve cash flow and reduce bad debt expenses. By effectively managing Finance AR, a company can ensure that it is paid on time and in full, while…

Understanding Profit and Loss

Loak-in2 years ago2 years ago04 mins

Understanding Profit and Loss, also known as P&L, is a financial statement that summarizes the revenues and expenses of a business over a specified period of time, typically a month or a year. The main purpose of a Profit and Loss statement is to show the business owner whether their company is making a profit…