is the function in an organisation that pays the invoices to suppliers. The accounts payable department was also called bought ledger or purchase ledger because ledgers or books were used before compu [..]

is the function in an organisation that collects payment of sales invoices from suppliers. The accounts receivable department was also known as the sales ledger department because ledgers were used be [..]

The assets of a company are items physically owned by the organisation and range in the form of liquidity. Physical cash or in a bank account is the most liquid while a building is the least liquid. A [..]

A business plan is a document that shows how a business is going to achieve its objectives from a customer marketing viewpoint and the financial statements to back up the written plan. Typically a bus [..]

A bonus is an additional payment over and above a standard monthly or yearly salary. It can be a fixed amount or a percentage of salary based upon pre-determined targets that are met or exceeded at wh [..]

Companies House is the organisation within the UK government that hold all information on limited companies in the UK. Those companies inform them of changes to directors, shareholding, addresses and [..]

Cash flow is a financial statement that shows the company's cash balance and movements in and out of its bank account or cash float in a given period. Many companies produce daily, weekly and mon [..]

Commission is an amount earned on the sale of a product. Normally commissions are paid to sales people who might earn a % or fixed element of the sales revenue or profits that make up their monthly sa [..]

Although the terms Hits is an outdated term, it's still used to describe how busy a website is. In the early days of the internet, hits were counted rather than unique visitors. A hit is a call t [..]

An Initial Public Offering is the first time a company offers shares for public ownership and the first time it goes to the stock market. During the dot-com boom of the late 1990s, many, many new busi [..]