Basics 4 min read
How Familiar Are You With the Different Types of Liabilities in Accounting?
As a business owner, incurring debts is inevitable. In fact, the average small business owner has $195,000 of debt. Chances are,…
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Basics 5 min read
Managing and Recording Cash Receipts in Your Small Business
If you’re a small business owner, you likely receive cash payments from your customers. And if you receive cash payments,…
General Concepts 4 min read
Sulfonation:
Figure 1: Example of Aromatic Sulfonation Reaction Sulfonation may be defined as any chemical process by which the sulfonic acid…
Basics 7 min read
How’s Your Small Business General Ledger Lookin’?
Your business’s general ledger plays a significant role in forecasting the financial health of your company. But if you’re slacking…
General Concepts 2 min read
HSE primer on sulphur related chemicals & processes
Sulphur to sulphuric acid to sulphonation India is dependent on sulphur rich countries for its sulphur feedstock because the only…
Basics 3 min read
What Is an Owner’s Draw in Accounting?
As a business owner, you likely pay wages to employees. But when it comes to paying yourself, what do you…
General Concepts 6 min read
How To Review P&ID
Review P&ID with a Binocular view: Refer the legend sheet. It’s always better to refer it instead of assuming. Review…
Basics 4 min read
How to Create and Update Your Cash Disbursement Journal
Does your small business work with cash? More than likely, the answer is yes. And when you have cash expenses,…
Basics 5 min read
What Is an Expense Account?
Out of 400 survey respondents, 91% said they’d be more efficient if their workspace was organized. If you believe organization…
Basics 6 min read
Does Your State Have a Throwout or Throwback Rule for Corporations?
When it comes to company taxation, each state has its own set of laws for businesses. And depending on your type…
Basics 7 min read
License to Sell: Your Guide to Applying for a Sales Tax Permit
Many businesses need to collect sales tax from customers. But before you can start collecting it, you must obtain a…
Basics 10 min read
Strategies and Formulas for Pricing Services at Your Small Business
Do you own a service business? If so, you know that figuring out how to price services isn’t always easy.…
