Before Debt management let’s talk about DEBT, Debt is money borrowed by one party from another to meet a financial need that would otherwise not be fully met. Many organizations use debt to purchase goods and services that they cannot ...

Stock taking is knowing the amount of goods available in stock and recording them manually. You get to check the condition of the goods as well. It is one of the process required for company audit You can ...

Lending allows others to borrow things. In business and finance, loans usually occur in the context of obtaining loans. The lender provides a loan to the entity and then expects that the entity will repay its debt. For ...

Financial analysis is the system of evaluating businesses, projects, budgets, and different finance-related transactions to determine their performance and suitability. It involves using financial data to check a company’s performance and make suggestions about how it can move forward. Financial analysts ...

Liquidation (LQ) is the process of ending a business and distributing its assets to the claimant. These types of incidents usually occur when the company is in a situation of insolvency, which means that it cannot pay its ...

A budget is a financial document that predict future income and expenses. Simply put, it is an estimate of the amount you earn and spend in a certain period of time (such as a month or a year). Budgeting ...

A Loan according to Merriam Webster dictionary is; money lent at interest or omething lent usually for the borrower’s temporary use. A loan is when you get hold of cash from a friend, bank in alternate for future reimbursement of the cash plus interest.  Here’s how the loan process works; When ...