Most business owners just can’t make it these days without great accounting software right? Whether it’s Quickbooks, Quicken or some other accounting …
Continue ReadingDo you fear the balance sheet simply because you don’t understand how to read it or how all those assets and liabilities determine your net worth? …
Continue ReadingWithout inventory, a business owner finds it impossible to operate. But what happens to the unaware entrepreneur who knows nothing about inventory …
Continue ReadingCash basis accounting is one of two methods being used to record business transactions and many prefer this over the accrual method because it is less …
Continue ReadingLooking for resource materials to enhance your understanding of generally accepted accounting principles? Use this GAAP guide as quick reference tool. …
Continue ReadingManagerial accounting entails gathering and analyzing the financial data being used by various departments in formulating their strategies and …
Continue ReadingComputing analysis ratios is easy but interpreting them the way savvy financial managers do can be difficult. Delve into this guide to understanding …
Continue ReadingAn accounting cycle is defined as the entire set of processes and methodologies performed within an accounting period. However, commerce is quite …
Continue ReadingIf your business is low on cash—all the time, you need to learn how to better manage your cash flow. It’s not impossible or hard, but often you may …
Continue ReadingDespite the widespread use of financial reports, many can’t make heads or tails of the data or understand how they are used to make sound business …
Continue ReadingWorking capital: these words are gold to the small business owner, and if you don’t understand how it works, what it is or where to get it, your …
Continue ReadingAre you an entrepreneur who cringes when accounting is mentioned? Do you routinely wash your receipts in your pants pocket in lieu of recording them …
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