Tag: accountant
-
Starting a business in 17 steps
Taking on that daring leap from an idea to starting a business takes courage and determination. It’s a big risk and can certainly be overwhelming but the fruit of your labor will be the sweetest when you have a taste. Every business owner knows that in order to make it out there, they would need […]
-
Helpful tips when launching your own business
Got plans to start something new? You’ll need to check out these helpful tips when launching your own business. It’s essential that you plan out your business before you even start it. Make sure all the documents and your offer will be something that stands out. Opportunities arise at many occasions and grasping that opportunity […]
-
Fundamental Accounting Principles
Generally accepted accounting principles (GAAP), are common standards and procedures issued by the Financial Accounting Standards Board (FASB). It encompass the details, complexities, and legalities of business and corporate accounting. Although there are plenty of guidelines that make up GAAP, these 10 basic principles are the most commonly practiced by any business accountant. Basic Accounting Principles 1. […]
-
Accounting Terms: Profit VS Profitability
Are they the same? What is the difference between Profitability and Profit? Two accounting terms that every business owner encounters. Although they may look similar, they are not entirely the same. Both are accounting metrics used in analyzing the financial success of a business. Accounting Terms Definition Don’t confuse the two accounting terms. Profit is […]
-
Accounting Basics for Small Businesses
Managing finances can be daunting and time consuming but don’t let yourself be overwhelmed by the numbers. Small business owners struggle with this on a daily basis but if you make sure to set aside time to do some of these accounting basics, you’re well on your way to lightening the load on your reports. […]
-
Uses of QuickBooks for Small Business
QuickBooks is an accounting software that helps small businesses manage their income and expenses. Small businesses use it to create invoices, reports, journal entries, and to check the company’s financial status. Intuit offers QuickBooks for small business owners and startups. This can benefit a multitude of people—from entrepreneurs to medium-sized enterprises—looking for better financial automation. […]
-
Accounting Tips and Tricks
Every transaction you do needs to be recorded; from doing payroll to receiving company investments. This is absolutely crucial a because this keeps your finances organized which in turn helps you avoid mountains of paperwork once tax season comes. Doing your own accounting may start off smoothly, however that may not always be the case […]
-
What’s new in QuickBooks this July 2020
Each month, QuickBooks gives it’s users updates and new features with their online system. This makes work easier so that you have more time to focus on work or family. Check out what QuickBooks has rolled out this month! • Customizable email address for receipt and bill forwarding• Workflows: Invoice approvals• New user productivity center – Tasks• Two new […]
-
What to do when your business is in a slump
This happens to every business owner. You come up with an idea, it takes off and you’re earning money. Things seem to be looking up. Then one day, you start to plateau or maybe even see a decrease in sales. It’s hard when something you’ve worked so hard on is not gaining profit—and if it […]
-
A guide to taxes for Business Owners
Consider these tips when filing you business taxes. Taxes are a normal part of daily business operations. Every business owner, whether small or large, must oblige to such rules to keep the company running. Here are some tips to consider as when paying for business taxes. Completing and Filing Your Business Tax ReturnPaying Self-Employment TaxPaying […]