About Mike Kappel

Mike Kappel, serial entrepreneur and CEO of Patriot Software, offers accounting advice from more than 20 years of experience to small business owners.

Author Archive | Mike Kappel

Use a general ledger to keep your small business's financial transactions organized.

How’s Your Small Business General Ledger Lookin’?

Your business’s general ledger plays a significant role in forecasting the financial health of your company. But if you’re slacking on your general ledger entries, your business could suffer the consequences. So… how’s your small business general ledger lookin’? Does it need a little love? If so, read on to learn all about the general […]

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options for mobile payments can be less expensive than traditional cash registers

Are You Interested in Accepting Mobile Payments from Customers?

Have you ever been in a store and noticed a lack of cash registers or point-of-sale (POS) terminals? Yet customers are making purchases. How do they do it? Two words: mobile payments.

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How to Conduct a market analysis picture of professionals conducting a market analysis

How to Conduct a Market Analysis the Right Way

When you start a business, do you just wing it? Or, do you take time to plan and research your strategies before you jump into the market? If you’re like most entrepreneurs, you probably prepare your business before taking the plunge. Before diving into a market or switching up a strategy, you need to do […]

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cash flow projection woman pondering in front of chalkboard

Glimpse into Your Business’s Financial Future By Creating a Cash Flow Projection

Your cash flow statement can give you an idea of your business’s current financial health. But, wouldn’t it be nice to see your company’s future cash flow? You don’t need a crystal ball to view your cash flow’s future. Instead, create a cash flow projection. Read on to learn about cash flow projection and how […]

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options for mobile payments can be less expensive than traditional cash registers

Comparing Accrual vs. Cash-basis Accounting

As a business owner, you have to make important decisions daily. One thing you need to decide when you start your business is an accounting method. Methods you can choose from include cash-basis, modified cash-basis, and accrual accounting. The two methods that differ the most are cash-basis and accrual accounting. To help determine which method […]

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What Are Assets? Definition, Types, and More

Over time, your small business gains assets when you purchase items that bring value to your company. These assets are an essential part of your business that can help generate revenue and increase your business’s value. So, what are assets?

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Business equity measures the value of your company.

What Is Business Equity, And How Does It Represent the Value of Your Small Business?

Many small business owners invest their own money to help fund their startups. According to one study, 77% of small businesses rely on their personal savings for initial funding. Your business equity represents ownership and the value of your business. Read on to learn more about what is business equity, how to calculate it, and […]

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what is market price

What Is Market Price? Pinpointing Where Supply Meets Demand

Knowing the market price for products or services is key to knowing how to get a deal, increase sales, and grow your business. And when it comes to running your company, you likely participate in different markets to provide your goods or services. Depending on your offerings and industry, your business’s market price may vary. […]

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emergency preparedness plan

Crafting an Effective Emergency Preparedness Plan for Your Small Business

You likely take steps to protect your personal belongings from natural disasters at home. But, do you do the same with your business? The last thing you want is to be unprepared during a disaster. Instead of being caught up in a whirlwind when the unexpected occurs, create an emergency preparedness plan for peace of […]

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what is interest

What Is Interest?

As a business owner, you likely borrow money to help fund your startup. And when you need a business loan, lenders typically charge you interest. So, what is interest?

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