Rigits Blog Articles

This blog includes 70+ bookkeeping and accounting articles about mastering and utilizing your financials for growth, like…

  • Guides on financial terms, statements and concepts
  • Accounting & bookkeeping software, books, and tools
  • How to find local bookkeepers, accountants and fractional CFOs

Start browsing, learning, and implementing these insights to grow your business.

Understanding Goodwill

Goodwill in accounting is the premium a business holds over and above its tangible assets, typically arising from its reputation, customer relationships, and brand value. In this article, we’ll explore what goodwill is, how it differs from other intangible assets, and what it means for small business owners. This guide is also related to our

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Controller vs. CFO–What’s the Difference?

The short answer is that the controller manages day-to-day finances and reporting, while the CFO focuses on strategic planning and long-term financial health. In this article, we’ll break down the key differences and responsibilities, and how each role can impact your business growth. This guide is also related to our articles on CFO reports for

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Bookkeeping Essentials for Coffee Shops

Effective bookkeeping helps coffee shop owners manage finances, monitor cash flow, and track profitability. Key components include recording sales, managing expenses, and preparing financial statements. In this article, we’ll explore essential bookkeeping terms, best practices, and tips to help you streamline your financial processes, headache-free! This guide is also related to our articles on how

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Understanding Churn Rate

Churn rate measures the percentage of customers who stop using your product or service over a specific time frame, and directly impacts growth, revenue, and customer loyalty. In this article, we’ll learn how to calculate churn rate, why it matters for your business, and strategies to reduce it. This guide is also related to our

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Cash Flow: Direct vs. Indirect Methods

Two popular ways of looking at cash flow are the direct and indirect methods. Each comes with its own insights and advantages, so let’s explore what each method entails, their differences, and how to choose the right one for your situation. This guide is also related to our articles on how to do cash flow

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Year-Over-Year Growth Formula

Year-over-year (YoY) growth helps measure performance progression, with the formula being: (Value in Current Year − Value in Previous Year)/Value in Previous Year × 100. In this article, we will conduct a deep dive into the YoY growth formula, its significance, particularly to small businesses, and how to correctly calculate it and interpret the results–as

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Understanding the Debt to Equity Ratio

When it comes to managing your small business finances, understanding the debt to equity ratio (D/E ratio) can be a real gamechanger. The D/E ratio = total debt / total equity, and in this article we’ll cover what exactly debt and equity are, how to calculate the ratio, and how knowing it can help you.

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Understanding Liabilities in Accounting

Liabilities in accounting represent what your business owes, including loans, accounts payable, and other debts. In this article, we’ll explain the different types of liabilities, how they impact your business, and ways to manage them. This guide is also related to our articles on accounting for startups, understanding debits and credits, and how to calculate

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Understanding Accrued Income Through Examples

Accrued income, often overlooked, represents money earned but not yet received–important to grasp when using accrual basis accounting. This article is made specifically for small business owners. It breaks down the complexities of accrued income, offering clear examples and actionable insights. This guide is also related to our articles on cash vs. accrual accounting, mastering

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