Some industries make use of lots of technical terms, and accounting and finance is one of the main culprits, it’s up there with IT.
Whilst you may be able to get away with not understanding a lot of the technical jargon (especially where computers are concerned) when running a business, accounting and finance is an area where it is worth getting to grips with the basics, and then some.
It doesn’t mean you need to be an expert, after all, that’s what you pay your finance team, a bookkeeper or an accountant for; what it does mean is that you are aware of what is going on.
Continue reading “Understanding Accounting & Finance, Part 1 – Introduction.”