Category: Outsourcing

Outsourcing 101

Outsourcing 101 – What, When, How and WHO? There is a lot of talk about outsourcing in this day and age. From complaints about businesses

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Mastering the Chart of Accounts – Part 2: Balance Sheet Accounts: Assets, Liabilities, and Equity

The balance sheet is typically used to calculate the net worth of the business, and includes liabilities, cash, and equipment. A basic tenet of double-entry bookkeeping is that the total assets (what the company owns) should equal the liabilities plus equity, i.e. the books should balance. Subtracting the liabilities form the assets reveals the net worth of the business.

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