Bankruptcy While this is an accounting concept no business owner wants to know about, we cannot leave it out of the accounting vocabulary. The concept of bankruptcy indicates that a company cannot pay its debts due to lack of liquidity. That is, a company declares bankruptcy when its obligations or debts are greater than its economic resources. Sources for people looking for accounting terms: 25. Asset rotation After talking about accounting terms, we have to talk about the asset turnover rate. This accounting term is a financial measure of how efficiently a company manages its assets. It is important for organizations to understand asset turnover so they can determine.
In the investment world
If they are at risk of falling into insolvency or bankruptcy. In addition, calculating the Wallis and Futuna Islands Email List asset turnover ratio is very simple, just divide the sales by the assets. Get a 30-Day Free Trial Try it Free I’m sure you’ll really enjoy reading this accounting glossary because we’ve included all the accounting concepts and terms you need to understand how your business works. In fact, one of the financial tips we have for entrepreneurs is knowing all of these terms. After reading this glossary of accounting and administrative terms, you’ll be better equipped to handle the challenges of running a business. We hope we have helped you to resolve your doubts. A guide on how to invest in advertising on social networks I want a guide! Remember, if you want to digitize your business, you have the option to use Create a Virtual Store goodbye.
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Today, customer loyalty is essential for any type of business as it allows you BT Leads to expand your customer portfolio and increase the sales flow of your business. According to the portal, loyalty programs basically consist of actions aimed at increasing business sales through a reward system to entice customers to buy again. That’s why it’s crucial to have a customer loyalty program in place and integrate it into your schedule to help you keep attracting potential customers. In this article, you can find some customer retention strategies that will help you grow your business and achieve the desired results.