A collection of bookkeeping and accounting terms, concepts, and acronyms to give you a broad understanding of what it is all about!
The speed at which cash is used by a business that is operating at a loss
Fixed Cost 📏
A cost that does not change with your volume of sales.
Variable Costs 🎚
A cost that changes with your volume of sales.
Represents an increase in an equity or liability account, or a decrease in an expense or asset account.
Expenses that relate to running the business and are not tied to a product/service.
Represents an increase in an expense or asset account, or a decrease in an equity or liability account.
The amount of time you have left until you have used all your cash reserved