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4 Signs Your Business is in Financial Trouble

4 Signs Your Business is in Financial Trouble

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...
What Are Financial Audits?

What Are Financial Audits?

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...
How to Approach a Business Audit

How to Approach a Business Audit

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....
Tips To Improve Your Financial Planning Efforts

Tips To Improve Your Financial Planning Efforts

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...
What Is A Balance Sheet?

What Is A Balance Sheet?

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...
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