Before you become too entranced with the potential advantages, you should also be aware of the disadvantages associated with a balanced scorecard. Is …
Continue ReadingWhile some individuals believe the meaning of reconciling an account involves fiddling with numbers and forcing two accounts to add up properly, this …
Continue ReadingSome businesses and companies use debt financing as a way to help get their businesses off the ground and to help their businesses grow. Find the …
Continue ReadingIf you’re lost in the world of financial accounting, consider the trial balance as the soul of your accounting system. Every journal entry or …
Continue ReadingA balanced scorecard is a strategic planning and performance management tool that allows alignment of day-to-day activities with organizational …
Continue ReadingIs your company in the red or in the black? Do you owe more money than your business is currently making? Do you need an accountant’s help but …
Continue ReadingIf you have been thinking about starting an at-home tax preparation business, then this article can help you to meet your goals. Read on to find out …
Continue ReadingThe use of accounting software makes an accountant’s job easier, but a grasp of the fundamentals of the full accounting cycle is essential in …
Continue ReadingWhat’s the difference between single entry vs. double entry bookkeeping? For small and less complex businesses, single entry may be the simplest …
Continue ReadingIn learning the difference between accrual basis vs. cash basis accounting, it should be clear that choosing one method over another is not about …
Continue ReadingWhat happens when the accounting cycle is not followed correctly? Beyond erroneous financial information, as a business owner, you may not know whom …
Continue ReadingWhy does a balance sheet have to balance and what accounts must you reconcile to complete the process? Here, Jean Scheid offers a sample of balance …
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