by Penn Credit Corporation | Oct 1, 2021 | Blog, Finance, Penn Credit Corporation
The average business owner should know about the different types of audits they face. There are certain general procedures that every internal or external auditor should go through. Every auditor should know precisely how to carry out a professional, legitimate audit....
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...
