It’s always great when a customer buys from your company. But what happens if the customer receives the shipment and realizes there’s something wrong with the order? Maybe the shipping costs are too high or the products aren’t exactly what they want. Whatever the issue may be, you’ve got to put in extra work to […]Read More Making the Sale With a Good Faith Agreement: What Is a Pro Forma Invoice?
You must withhold the right amount of taxes on employee wages when paying employees. But what if you need to pay an independent contractor? To keep tax information straight between independent contractors and employees, you need to know the difference between Form W-9 vs. W-4. Read on for the scoop.Read More Form W-9 vs. W-4: What Are the Right Forms for Employees and Contractors?
Want to encourage employees to sport your company’s apparel? Or, looking for an employee benefit that’s appealing to new hires? You may consider offering employee discounts. Employee discount programs for small business come with several business benefits, like increased retention and sales. But before offering them, understand what qualifies as an employee discount and whether […]Read More Employee Discounts: A Morale & Sale Boost in One
Tracking employee attendance can help you reduce employee absenteeism and manage employee benefits like sick leave and overtime wages. There are plenty of reasons to track employee attendance. Read on to learn what is employee attendance tracking and ways to track employee attendance.Read More Knock, Knock. Is Your Employee There? Tracking Employee Attendance
Have you ever thought about giving back to the community? A nonprofit organization is a perfect way to do that. Nonprofit organizations further a sohttps://www.patriotsoftware.com/blog/accounting/what-is-nonprofit/cial cause or provide a public benefit, like a hospital or a public school. There are several different types of nonprofit organizations to choose from. But before giving back to the […]Read More Ready to Give Back? Learn How to Start a Nonprofit Organization
If you run a farming business, calculating your profits and losses (P&L) for the year can be difficult. The good news is that the Schedule F, Profit or Loss for Farming, can help you understand your P&L. If you operate a farming business, you must file a Schedule F. But what is a schedule F […]Read More Recording Profit and Loss on the Farm With the Schedule F Tax Form
As a business owner, accounting records must be at the top of your to-do list. Accounting records track transactions and help you understand the health of your business. What accounting records should you know about, and how long should you keep them? Read on for the scoop.Read More To Keep or Not to Keep? That Is the Accounting Records Question
Have you ever gone to a restaurant with friends and split the check at the end of the night? If you have, you’ve used a type of split payment. But, what is a split payment? Companies use split payments to make it easier for customers to pay for products or services. Read on to learn […]Read More What Is a Split Payment? 3 Easy Ways for Customers To Pay
A great accountant is always learning and improving their accounting skills. Having a growth mindset about your accounting knowledge and skill sets can help you keep up with client demands and attract new business. And if you want to keep up with the changing landscape of business and accounting, you have to enhance your skills […]Read More Constantly Adding Knowledge: How to Improve Accounting Skills
No one wants to be the victim of employee fraud. But for small business owners, the chances of employee fraud are high. In fact, two-thirds of small businesses in the U.S. are victims of employee theft. The good news? You don’t have to be a victim.Read More Caught Red-handed: What to Do About Employee Fraud