by Penn Credit Corporation | Oct 29, 2021 | Blog, Finance, Penn Credit Corporation
Financial worries are ever-present in business, whether it’s constantly dropping revenues or significantly increasing debt. But diagnosing your business’ financial health and detecting the proverbial kinks in its cash flow isn’t that simple or...
by Penn Credit Corporation | Oct 1, 2021 | Blog, Finance, Penn Credit Corporation
Auditing has become necessary in many businesses and industries. Performing financial audits is essential to run a business that is fair, legitimate, and resourceful. Business owners need to save money, stop wasting their resources, and remain compliant with numerous...
by Penn Credit Corporation | Aug 17, 2021 | Blog, Finance, Penn Credit Corporation
Creating a financial plan for your business is essential for its long-term success and growth. This begins with the solid business plan you used to create your business, but financial planning requires a more comprehensive strategy for continuing to monitor your...
by Penn Credit Corporation | Aug 17, 2021 | Blog, Finance, Penn Credit Corporation
A balance sheet is used to evaluate the status of a company’s finances, providing a snapshot of the organization’s financial health at a glance. The sheet gives the owner of the company and the company’s shareholders a concise summary of the...
by Penn Credit Corporation | Aug 17, 2021 | Blog, Finance, Penn Credit Corporation
Bookkeeping refers to the procedure of recording every financial transaction in a business. Bookkeepers are tasked with classifying, recording, and organizing all financial transactions in every business operation. Bookkeeping varies from accounting because the latter...
