GJM & Co.

  Advantages of Accrual Accounting for Business Every business is required to maintain books of accounts for keeping a track of its financial transactions.   Accounting and Bookkeeping are crucial to evaluating business performance and it is imperative that these tasks are carried out as per the accepted methods of accounting.   Broadly, globally there are two most prominent forms of accounting methods viz., Accrual method and Cash method.   The simplest differentiator between the two methods is that Cash method is easier compared to Accrual method while recording transactions, apparently because under Cash method the transactions are recorded as and when they actually happen i.e. when Cash is received or paid.   The Accrual method on the contrary caters to recording transactions as and when they are incurred for a particular financial period, irrespective whether they are realized or paid for.   The Accrual method is considered more transparent as it rep...

  Business Line of Credit in USA Every entrepreneur would agree that at some point of time they need access to working capital as their business starts growing. Every business being small or large, at some points experiences the need for makeshift capital when going through delayed customer payments or requiring addressing impromptu expenditures.   There may be situations for a short period of time when your business is witnessing a cash flow crunch.   In such situations, having accessibility of certain extra funds (albeit at some cost) can result into the difference between winding up your business or surviving through hard times.   So, when it comes to financing your business, entrepreneurs these days have a wide array of options.   A business line of credit is a popular choice for businesses. Read on to understand all you need to know about a business line of credit before getting started to apply for one. Business Line of Credit Unlike a traditional ...