Pension Accounting for Beginners: A Step-By-Step Guide

When it comes to planning for retirement, many people focus on compound interest and good old-fashioned saving. The elusive Retirement Bucket isn’t a reality until you start putting away money for retirement. But what you save now doesn’t matter if you don’t save at least a portion of your income during your working years.

Accounts Payable vs Accounts Receivable - What's the Difference?

It's no secret that businesses have a difficult time managing their finances. As a result, many companies have begun charging customers—both personal and business—to manage cash flow. While this may seem like a convenient way for businesses to make money off of one specific customer, it can also be extremely expensive. When you charge customers to pay for goods and services instead of making cash, you'll need to track exactly what the customer paid for.

Inheritance Tax - Everything You need to know before you file

The tax on private and business property is known as "inheritance tax." Many people think that they can't be affected by this tax because they aren't the biological parents of their deceased parent's property. However, this is not the case. The law states that every person who owns property that can be passed on to someone else (like a business or an estate) must pay inheritance tax on that property.

The 5 Most Popular Data Sources in Financial Modeling

When it comes to financial modeling, data is the basis of any financial model. Data can come from a variety of sources, and you might not even realize how many different data sources are at your fingertips until you start digging into that financial statement. But what are the most common data sources in financial modeling?

Top Time Saving Tricks for Financial Modeling Process

In modeling, as in life, time is of the essence. Financial analysts who create models must carefully and exhaustively research their company’s financial statements to determine how to capture that data in a model. Each variable must be tested, assumptions made and implications checked.

5 Best Practices for Capital Budgeting That You Should Know

Capital budgeting is a process whereby businesses allocate funds to potential projects. To do this, organizations set aside a certain amount of money for capital expenditures and then determine which proposed projects are the most beneficial from an ROI standpoint.