Bing Tracking

About Amanda Cameron

Author Archive | Amanda Cameron

Find out how to file a business tax extension before the deadline passes.

How to File a Business Tax Extension

If you are rushing to complete your income tax return, consider filing for a business tax extension. Filing taxes for small business can be difficult, and an extension allows you more time to file your business’s tax return. Learning how to file an extension for business taxes is simple. And, you can avoid mistakes that […]

Continue Reading
Avoid accounting errors at your small business.

10 of the Most Common Accounting Errors for Small Businesses to Avoid

If you have ever made a mistake in your small business financial statements, you know how time consuming and expensive errors in accounting can be. You need to protect your small business books from common accounting errors.

Continue Reading
Use a suspense account to hold transactions that you are unsure of where to enter.

Use a Suspense Account for Questionable Transactions

Sometimes, you don’t have all the necessary information for accounting. Missing or incorrect details can derail your bookkeeping efforts, but you need to record every transaction. Use a suspense account when you’re not sure where to record general ledger entries.

Continue Reading
Learn how to switch from cash to accrual accounting.

How to Change from Cash to Accrual Accounting

When you started your business, you might have chosen to use cash-basis accounting. Cash basis is the simplest way to record your books. It is good for new businesses with few transactions. As your business grows, you might consider switching to the accrual accounting method. Accrual accounting offers several perks for financial management. And if […]

Continue Reading
Use an accounts payable process improvement to better manage invoices.

Accounts Payable Process Improvement: 9 Steps to Better Invoice Management

As a small business owner, you have to buy things to run your company. Many vendors and suppliers send invoices when you buy from them. Not managing invoices could lead to late payments, extra fees, and damaged relationships. To better manage business bills, take steps towards accounts payable process improvement.

Continue Reading
Learn how to use correcting entries to fix errors in your books.

Use Correcting Entries for Mistakes in Your Books

Even with automation and easy-to-use accounting tools, bookkeeping mistakes can happen. Journal entry errors can end up costing your small business time and money. Learn how to get your books back on track with correcting entries.

Continue Reading
Use the historical cost principle to record long-term assets in your books.

What Historical Cost Is, and Why it Matters

When you buy assets for your small business, you need to account for them in your books. Recordkeeping for assets doesn’t need to be difficult. The cost principle is a simple method for managing the value of your long-term assets.

Continue Reading

What You Need to Know About Small Business Invoice Factoring

If your business needs short-term capital, a small business loan might not be the best option. Instead, look for funding solutions that are geared toward fast cash and low rates. Invoice factoring could help you manage cash flow during slow months without committing to long-term debt.

Continue Reading
Learn the cost of accounting software for small business.

The Cost of Accounting Software for Small Business

Accounting software offers many advantages to small business owners. You can accurately record transactions and create reports without a full-time bookkeeper. Software also frees up more time to work on your business.

Continue Reading
Find out how to go from sole proprietorship to LLC.

A Basic Guide to Go from Sole Proprietorship to LLC

When a business owner is starting out, operating as a sole proprietor often makes sense. As the business grows, switching from sole proprietorship to LLC could be a wise choice. Learn how to convert from sole proprietorship to LLC.

Continue Reading

Send this to friend