Boost Your Accounting Know-How with These Terms

The field of accounting has its own vocabulary, which can sound like a foreign language to some people. Your financial savvy will increase by learning a few new accounting terms. You’ll be “speaking accounting-ese” in no time, and you’ll become a smarter entrepreneur too. Trial balance A

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EQUIFAX Cybersecurity Breach

Were You Impacted? Equifax Inc. (NYSE: EFX) announced recently that the cybersecurity firm Mandiant has completed the forensic portion of its investigation of the cybersecurity incident disclosed on September 7 to finalize the consumers potentially impacted. The completed review determined that approximately 2.5 million additional U.S. consumers

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Social Security and Retirement Planning

Social Security Benefits were never set up to be the “sole” source of retirement benefits, but to be the foundation from which to build. On top of the foundation of social security benefits it was expected that most Americans would receive some type of pension benefits, have

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What’s Your DSO?

If you grant credit to customers, then you have a balance in accounts receivable. DSO stands for Days Sales Outstanding, and this helps you measure how fast your receivables are being converted to cash. Here’s how to calculate it: DSO = Accounts receivable balance / Annual net

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