Bookkeeping, tax, & CFO services for startups & small businesses
While Pennylane doesn’t have any money issue, it still hopes it can become profitable within the next 12 to 18 months. And if there’s one thing that Pennylane must be good at, it’s tracking the startup’s financial situation. How AI can speed up auditors’ routine tasks and make them less onerous can be seen at
Accounting Profit Vs Economic Profit Examples, Difference
If the amount is greater (positive value) than zero, then economic profit arises. On the contrary, if the amount is lesser (negative value) than zero, then this is a state of economic loss. Basically, implicit costs are the opportunity costs of factors of production that a business already owns. And, implicit costs are what the
The benefits of remote work for both employees and managers
And today’s millennials almost expect to have the choice of working remotely as they’ve grown up with technology that allows this. It’s clear that the advantages of remote work help keep employees happy, engaged, and fulfilled. According to Gallup’s State of the American Workplace report, “The optimal engagement boost occurs when employees spend [around] three
