According to the Business Dictionary, capital expenditures are expenses incurred to acquire or upgrade productive assets. These assets can include buildings, equipment, vehicles, and machinery. The purpose of a capital expenditure is to increase the productivity of a company for more than one accounting period. Upgrades and repairs Real estate, computers, and vehicles are items … Read more
The task of managing a company requires the management of information, usually the analysis of costs and benefits as well as income, an assessment that allows you to establish the level of profitability of your company. Marketing and sales promotion activities allow you to boost income levels to meet managerial expectations. These results define the … Read more
A leader is a person who leads others, whether in a team, in a work situation, at school or in any situation where there are certain goals to be achieved. A leader is a person who leads a group and is able to inspire others to achieve a common goal. Leaders broadly can be classified … Read more
The “just-in-time” (JIT) inventory system was developed to support the excellent production movement of the Toyota Motor Company. The overall goal of the system is to strictly control the purchase and delivery of raw materials to minimize storage, inventory, and fixed costs. The delivery of raw materials is scheduled based on production needs, such as … Read more
The gross and net remuneration are two financial terms that allow you to understand how much money. The gross remuneration is the amount of money your employer pays you while net remuneration is the amount of money you receive from then apply the corresponding deductions. In this sense, calculating your gross and net compensation is … Read more
Newsletters are publications that usually offer short news and usually specialize in a specific topic. They are popular means of communication for organizations, from social clubs to companies, that use them to keep employees informed about company news. While the topics that are good for each newsletter may be subjective, some topics appear to be … Read more
All organizations have to make daily decisions that vary from their strategy to how to function naturally. However, there is a great difference between centralized and decentralized organizations, which you can learn about in the following informative post. The way these decisions are made is governed by whether the organization is centralized or decentralized. Also, … Read more
The term “payable on demand” is typically associated with promissory notes. This term means that a debt must be paid by the person who owes it, to the person to whom it is owed, when requested. Obligations payable on demand can be used with any type of debt that does not have a defined due … Read more
With globalization and the competition that exists in international markets, the commitment of companies for quality and efficiency is essential for the conquest of their market share. In addition, any organization with an operating structure that is not focused on quality will be exposed to high costs that affect its benefits.In this sense, complying with … Read more
The process of recording information in books is an essential part of accounting. Credits, which represent income on your balance sheet, and debits, which represent deductions, generate all transactions that are recorded in the books. Regardless of whether accounting is traditionally carried out by the double entry method or if it is carried out through … Read more
Analyzing the factors that affect a company or its economic environment is what they call PESTLE Analysis in strategic business management. The PESTLE or PESTEL analysis is an acronym in English for the terms Political, Economic, Social, Technological, Legal and Environmental (Environmental in English) which are the series of macro or external factors that affect … Read more
The economy as a science that studies the factors of production, wealth creation, distribution and consumption of goods and services to satisfy human needs, is the basis for management, the finance and accounting. The economy is the science that studies the distribution of limited resources, thus “studies scarcity” its relationship with the administration of resources … Read more
Debit cards are one of the most popular payment methods worldwide. Thanks to them, you can buy in physical stores or online and pay for services, such as electricity, gas or Internet without having to carry cash. Without a doubt, it is a comfortable and safe way to pay. The only difference with cash is … Read more
If you’ve ever wondered what is a shopping budget ? You should know that it is a tool in charge of providing help to industrial and commercial companies. Its main function is to make a financial or quantitative calculation of each of the products that the business handles or needs. In this way, any production … Read more
In many parts of the Western world, particularly the United States, certain types of information such as a person’s date of birth, address, and residence are public documents. You yourself can know how to find out someone’s date of birth for free in a quick and easy way. This means that anyone who is conducting … Read more
No matter how attractive and profitable an investment or investment project may look, one question that will surely come back in the minds of investors is how long will the capital invested recover? Payback, investment recovery period or PRI is a financial indicator that answers that question. The payback may or may not recognize the … Read more
American Express is an American company belonging to the financial sector founded in 1850, with headquarters in New York City. It has a presence in 130 countries around the world, where it has some 1,700 direct customer service points. American Express or AMEX, in a famous company with worldwide recognition. The Fortune magazine since 2012 repeatedly been ranked among the hundred largest companies … Read more
Whenever a correspondence is sent, be it a letter, email or fax, it will be necessary to correctly specify the recipient. There are some rules for labeling envelopes and filling in the mailing address that must be followed to ensure that the correspondence will be received by the correct person. By using the abbreviation of … Read more
Whether it is a global corporation listed on the stock exchange or it is a more modest one-owner firm, any type of business will have in common that they require the preparation and presentation of such basic financial statements. With due knowledge of the elements of a balance sheet you will be able to know … Read more
As a discipline, marketing focuses on meeting consumer needs with available products and services. To some, marketing may seem like something that happens after a product is already available for purchase, but it is actually a research and development process that begins long before a product hits the shelves. The marketing uses strategic principles and … Read more
A budget is a financial document of a foresight nature, aimed at projecting future income and expenses. It is widely used by companies, no matter their size, but also by households, to have forecast and expense management. A master budget or operating budget represents for companies a framework of action to follow and a set … Read more
Different types of audits are carried out regularly in all companies in the world to review the management of their accounting processes during a certain period of time. This in turn requires the hiring of different types of auditors who will work on the accounting books, where the financial movements of the company or organization … Read more
The expression “global village” must have been inspired by the way business is conducted today. The advancement of communications technology experienced in the last two decades has made it possible to be in more than one place at the same time. Many companies no longer have obstacles to thinking big, and national borders are no … Read more
Companies regularly extend credit to their clients by promising to pay the bill at a future date. This credit is made in two main ways: accounts receivable and documents receivable. The receivables represent promises of payment from customers on a certain date, which occurs shortly after the purchase have been made, while receivables represent clients … Read more
Gone are the days when consulting the public property registry was complicated. With technological advances and the digitization of files, it can now be as easy as using an online search engine or making a request by filling out a virtual form. So, if you are about to buy a house in Mexico or an … Read more
Calculating the value of a land is much easier than that of a home. He thinks that real estate buyers -often- do not estimate the improvements or remodeling of apartments and houses, since they may want to adapt the property to their decorative style and rhythm of life. Therefore, even if you have renovated your … Read more
ATN and ATTN are the abbreviations for “Attention to” on the recipient label of an envelope that contains documents or formal communications to be sent by the postal service or some private parcel company. Correct addressing of the envelope can make the difference between documents delivered on time or a package lost or returned due … Read more
A cashier’s check, or money order, offers a secure way to transfer funds. It works like a normal check, but offers an additional guarantee that the money will be cashed. If you have an operation that requires a large amount of money, it is safer to ask the bank for a cashier’s check instead of … Read more
Digital media have emerged as a revolution and have become an avalanche of information available to anyone with a computer, laptop or smartphone. The immediate access to information and efficient distribution of the content has been the secret of its success. However, the print media have managed to maintain their power, especially after the fake … Read more
There are many definitions for the term ” company “, most of them point towards a group of people who work for a common objective, with the purpose of obtaining a benefit and satisfying the consumer. According to international law, a company includes a set of capital, labor and administration in order to satisfy some … Read more