Kaylee DeWitt, Author at Patriot Software - Page 3 of 10

Kaylee DeWitt

What Is Burden Rate?

Running a business has some indirect costs. These costs aren’t always apparent, which is why they’re the hidden costs of running a business. It’s important to keep track of your business’s indirect costs. And, you should know how your indirect costs compare to your direct costs. To do this, you’ll need to find your burden […]

Read More What Is Burden Rate?

Accounting for Startup Costs (Plus How to Handle Taxes)

New businesses typically incur expenses before the business is up and running. You might need to research your market, hire a consultant, travel to potential suppliers, or open a facility. These are startup costs. When you incur startup costs, you must accurately record the corresponding ledger entries in your accounting books. And, you must properly […]

Read More Accounting for Startup Costs (Plus How to Handle Taxes)