As an entrepreneur, you should always be looking for ways to reduce your business expenses. Business owners who are able to keep their business costs low are often better positioned to take advantage of opportunities that arise.
The article will be about the following:1.1 The basics of accounting and finance1.2 Straight line depreciation1.3 Depreciation tax shields1.4 Amortization of intangibles2. Fixed assets are the long-term physical assets that a company owns or leases, such as land, buildings, equipment, vehicles and furniture on lease to meet its business requirements. These assets do not have a definite lifespan and can be utilized for a longer period.
"A budget is telling your money where to go instead of wondering where it went." ~John Mason
Finance is the management of money and financial resources for business purposes. Finance is involved with all elements of a company's capital structure, including investment, financing, cash flow management and risk management. It can be described as "the science of money management."