Ever wonder how quickly your business spends money? This question has left many business owners and startup founders awake at night. Cash burn rate, the rate at how a business "burns" its money, is a crucial factor when analyzing and…
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Difference Between Accounting and Bookkeeping
There have been many debates and discussions before about the difference between accounting and bookkeeping. But to set it straight, both are equally important to every business organization. What is bookkeeping? To explain it in simple terms, bookkeeping is the…
What is Accounting?
So what is this business function called "accounting"? In simple words, accounting is the collective process of systematically identifying, measuring, recording, summarizing, analyzing and interpreting a business' financial transactions. While there have been many discussions about the difference between accounting…
