Accounting Blog

Accounting Training, Tips, and News

  • vacation accrual journal entry

    How to Record a Vacation Accrual Journal Entry

    posted by Maria Tanski
    Newest Article
  • money management tips

    9 Money Management Tips to Keep Your Small Business Afloat

    posted by Rachel Blakely-Gray
    Recent Article
  • How to Record a Vacation Accrual Journal Entry

    Your hardworking employees need a vacation every now and then. Many employers provide vacation time to employees, but employees might not use their earned vacation right away. When employees have accrued vacation time, you must create a vacation accrual journal entry. Read on to understand the basics of vacation accrual and how to calculate and record accrued vacation in your books.

    9 Money Management Tips to Keep Your Small Business Afloat

    No business owner likes being strapped for cash, but mismanaging cash flow happens. Nearly half (42%) of small business owners report that handling cash flow is challenging. If you’re struggling to control your small business funds, check out the money management tips in this article.

    Filing a Small Business Tax Return 101

    Many taxpayers dread filing taxes. What if I make a mistake? Will my tax return lead to an IRS audit? If you are new to entrepreneurship, you might be worried about filing small business taxes for the first time. Read on to learn how to prepare for and file your small business tax return.

    Should You Grow Your Business?

    If you are a small business owner, you may be asking yourself, Is it time to grow my business? Before you race off to grow your business, you need to make sure that your company is ready for expansion.

    Continue reading to see if it is time for your small business to grow. And, check out the steps you can take if it is time for your business to expand.

    Your Top 18 Accounting Questions, Answered

    Starting a business isn’t easy. You likely have a million thoughts, concerns, and questions swirling around in your head. On top of your management responsibilities, you also need to handle accounting.

    Because the field of accounting is so technical and complex, you likely have many accounting questions.

    Navigate Through Book Value Calculations to Evaluate Your Business’s Worth

    To run your business, you likely rely on assets such as equipment, your building, a company car, inventory, and cash. And if you want to maintain your books, create financial statements, and determine the theoretical value of your property, you need to calculate book value. What is book value?

    What Is Inventory?

    Unless you own a service-based business, you likely have inventory. Knowing how much inventory you have is crucial for managing accurate small business accounting books, ordering new stock, and making pricing decisions. So, what is inventory?

    Fair Market Value for Small Businesses

    Do you have business assets? If you’re running a small business, you likely have many tangible and intangible assets. And when you sell those assets or buy new ones, you should know their fair market value.

    You must know the fair market value of your assets to maintain accurate small business accounting books, obtain outside investing, and sell your property. And, you should know the fair market value of assets you are interested in purchasing to avoid overpaying.

    What Is a Limited Partnership?

    If you’re thinking about starting a business with one or more people, you may decide to form a limited partnership. What is a limited partnership? Understand how limited partnerships operate, and find out what you need to know before establishing one.

    What Is Your Small Business Tax Liability?

    Juggling different expenses comes with the job of being a small business owner. One cost you’re responsible for is your company’s taxes. There are several aspects of your business that the government enforces taxes on. To stay legally compliant, you must stay on top of your small business tax liability.

    How to Record a Vacation Accrual Journal Entry

    Your hardworking employees need a vacation every now and then. Many employers provide vacation time to employees, but employees might not use their earned vacation right away. When employees have accrued vacation time, you must create a vacation accrual journal entry. Read on to understand the basics of vacation accrual and how to calculate and record accrued vacation in your books.

    9 Money Management Tips to Keep Your Small Business Afloat

    No business owner likes being strapped for cash, but mismanaging cash flow happens. Nearly half (42%) of small business owners report that handling cash flow is challenging. If you’re struggling to control your small business funds, check out the money management tips in this article.

    Filing a Small Business Tax Return 101

    Many taxpayers dread filing taxes. What if I make a mistake? Will my tax return lead to an IRS audit? If you are new to entrepreneurship, you might be worried about filing small business taxes for the first time. Read on to learn how to prepare for and file your small business tax return.

    Should You Grow Your Business?

    If you are a small business owner, you may be asking yourself, Is it time to grow my business? Before you race off to grow your business, you need to make sure that your company is ready for expansion.

    Continue reading to see if it is time for your small business to grow. And, check out the steps you can take if it is time for your business to expand.

    Your Top 18 Accounting Questions, Answered

    Starting a business isn’t easy. You likely have a million thoughts, concerns, and questions swirling around in your head. On top of your management responsibilities, you also need to handle accounting.

    Because the field of accounting is so technical and complex, you likely have many accounting questions.

    Navigate Through Book Value Calculations to Evaluate Your Business’s Worth

    To run your business, you likely rely on assets such as equipment, your building, a company car, inventory, and cash. And if you want to maintain your books, create financial statements, and determine the theoretical value of your property, you need to calculate book value. What is book value?

    What Is Inventory?

    Unless you own a service-based business, you likely have inventory. Knowing how much inventory you have is crucial for managing accurate small business accounting books, ordering new stock, and making pricing decisions. So, what is inventory?

    Fair Market Value for Small Businesses

    Do you have business assets? If you’re running a small business, you likely have many tangible and intangible assets. And when you sell those assets or buy new ones, you should know their fair market value.

    You must know the fair market value of your assets to maintain accurate small business accounting books, obtain outside investing, and sell your property. And, you should know the fair market value of assets you are interested in purchasing to avoid overpaying.

    What Is a Limited Partnership?

    If you’re thinking about starting a business with one or more people, you may decide to form a limited partnership. What is a limited partnership? Understand how limited partnerships operate, and find out what you need to know before establishing one.

    What Is Your Small Business Tax Liability?

    Juggling different expenses comes with the job of being a small business owner. One cost you’re responsible for is your company’s taxes. There are several aspects of your business that the government enforces taxes on. To stay legally compliant, you must stay on top of your small business tax liability.