After weeks of back and forth, you finally break down and are ready to buy that new plasma screen TV. But before you take the plunge, do you look for discount pricing to score the best deal? If you do, you’re like 74% of Americans who say special offers are a top factor when deciding […]
Read More How to Use Discount Pricing in Your BusinessAccounting Blog
Accounting Tips, Training, and News
Knock, Knock? Who’s There? The Colorado Delivery Fee
If you have a business in Colorado that delivers or ships products to customers within the state, you may be responsible for the Colorado delivery fee.
Read More Knock, Knock? Who’s There? The Colorado Delivery FeeFollowing the Money: What Is Cash Flow?
As a small business owner, there’s no better way to understand the health of your business than through your cash flow. But, what is cash flow? Cash flow is the money that moves in and out of your business. Your cash flow either keeps your business afloat or can cause it to sink. Read on […]
Read More Following the Money: What Is Cash Flow?Build It and They Will Come: Hiring a Contractor
As a small business owner, it’s your responsibility to know who’s the best person to hire for a job. Sometimes that means adding an employee to your roster. Other times, it means hiring a contractor. Hiring a contractor can help fill temporary or project-oriented positions. Read on to get the scoop on hiring independent contractors […]
Read More Build It and They Will Come: Hiring a ContractorThe Farming Business’s Guide to Agricultural Accounting
Like any business, you need up-to-date accounting records if you run a farm, ranch, or related operation. But, some aspects of agricultural accounting—like livestock and land—are specific to farming businesses.
Read More The Farming Business’s Guide to Agricultural AccountingSales Tax Accounting Basics [+ Journal Entry for Sales Tax Examples]
When you sell goods to customers, you likely collect and remit sales tax to the government. And when you purchase products, you typically pay sales tax. But, how do you record these tax collections and payments in your accounting books? Sales tax accounting.
Read More Sales Tax Accounting Basics [+ Journal Entry for Sales Tax Examples]How to Conduct an Audit in Your Small Business
A nerve-wracking visit from the IRS isn’t the only type of audit out there. There are several audits you can—and should—conduct regularly. And to do that, you need to know how to conduct an audit.
Read More How to Conduct an Audit in Your Small BusinessThe Best State to Start a Business [According to Research]
Ah, location, location, location. Choosing where to open up shop is one of the first and most important decisions you’ll make when starting a business. But, location isn’t just about picking a building on a popular street corner. It’s also about selecting a state to do business in—the best state to start a business.
Read More The Best State to Start a Business [According to Research]How Do a Debit and a Credit Fall in Love? The Matching Principle in Accounting
If you’ve ever sent an invoice to someone who planned to pay later, you’re probably using accrual accounting. It can be hard to keep track of finances when you’ve accrued payables and liabilities. But, using the matching principle can help you stay organized. The matching principle in accounting states that you must report expenses in […]
Read More How Do a Debit and a Credit Fall in Love? The Matching Principle in Accounting6 Tips on How to Improve Financial Reporting Processes
Let’s face it: Your finances play a major role in your business’s success. You need to have accurate reporting to know where your business stands financially. Otherwise, you could end up overspending and running your business into the ground. To keep your small business finances in shipshape, learn how to improve financial reporting processes.
Read More 6 Tips on How to Improve Financial Reporting Processes