Business

Cash flow from operating activities (CFO) is that the cash inflows and outflows of a company’s core business operations. It’s a vital line on the…

Payroll is the total of all compensation a business must pay to its employees for a set period of time or on a given date.…

Mate’s receipt is a document originally issued by the first mate of the ship. He was the officer responsible for cargo. It is a document…

Invoice processing is the entire process your company’s accounts payable team uses to handle supplier invoices. The invoice must either be scanned or manually entered…

Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. It is a legal proceeding involving…

E-wallet is a type of electronic card which is used for transactions made online through a computer or a smartphone. A digital wallet is also…

The Community Exchange System (CES) is a community-based exchange system that provides the means for communities to trade and exchange their goods and services, both…

Core earnings are the profits derived for the primary business of a company. It doesn’t take into consideration a number of the expenses associated with…

A cashless society describes an economic state whereby financial transactions are not conducted with money in the form of physical banknotes or coins, but rather…

Non-Operating Income is income earned from Non-operating activities means from activities that are not the core operating activities of the company or organization. It’s the…

Capitalism is an economic system in which private individuals or businesses own capital goods. The capitalist sharing economy is a way of purchasing goods and…

A currency is a form of money, usually issued by the public authorities in a particular jurisdiction. Private currencies are units of value issued by private…