Business

Standing on business is an idiom that means taking care of your responsibilities. It’s about doing what you said you would do. When you stand on business, you put your money where your mouth is. You walk the walk, not just talk the talk. Taking care of responsibilities A big part of standing in business…

Jeans can sometimes be business casual. It depends on the type of jeans and the rest of the outfit. It also depends on the workplace and its dress code. Some offices allow jeans as business casual, while others do not. What is Business Casual? Business casual is a dress code for offices that is less…

A business day is when most businesses are open, and people work their normal jobs. It’s the opposite of a holiday or weekend when lots of folks have off from work. On a typical business day, companies and stores are up and running, doing what they usually do to serve customers and make money. Weekdays…

A remittance advice note tells you that someone sent you money. It gives details about the payment. The note comes from the person or business that paid you. Other names are also known as remittance advice notes. Some people call them “payment advice notes.” Others say “remittance slips” or just “remittance advice.” But they all…

A payment advice note is a simple document a company sends to tell someone they have paid. It gives key details about the payment, like how much money was spent, what it was for, and the date it was sent. The payment advice goes together with the actual payment, like a note attached to a…

Active listening means paying close attention to someone else’s words, focusing on understanding what they are saying, and showing the other person that you are really listening to them. When you listen actively, the other person feels heard. They can tell you care about what they have to say. This helps make your conversations better,…

An advice note is a special document that provides important information about a shipment of goods or products. The company shipping the products sends an advice note to the customer who bought the products. The Main Purpose of an Advice Note The main reason to use an advice note is to describe what is being…

The marketing mix is a key business concept that helps companies plan how to sell their products or services. Advertising expenditures belong to the Promotion component of the marketing mix. The marketing mix has four main parts, often called the 4Ps: Product, Price, Place, and Promotion. These parts work together to help businesses reach their…

Supplies are items companies use while doing business. These include office supplies like paper, pens, and printer ink or cleaning supplies like soap and paper towels. When companies first buy supplies, they record them as assets. However, as workers use these supplies, their value decreases, and companies need to track this change in their books….

At the end of every accounting period, accountants need to close various accounts to start fresh in the next period. This process, called closing entries, involves moving account balances to permanent or temporary categories. Some accounts close with debit entries, while others close with credit entries. Understanding which accounts close with debit entries helps maintain…