Would you like your business to earn more? Of course you do! When you learn how to increase net profit, your business will have more money after expenses and become more stable.
Read More How to Increase Net ProfitKaylee DeWitt
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 […]
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What Does Self-employed Mean?
You run your own business, but are you considered self-employed? The definition of self-employment can be confusing. What does self-employment mean? Find out below.
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5 Employee Theft Prevention Tips
Of course, you want to trust the people you hire to work at your small business. But sometimes, you get a bad apple.
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What Is Liquidity?
Does your business have enough money to pay off debts? If you aren’t sure, then you need to learn about liquidity.
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What to Do When a Customer Check Bounces
If you accept check payments from customers, you need to know that the checks might not always clear. A customer might not have enough in their bank account to cover the check amount. Learn what to do with checks that bounce.
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What Is 501(c)(3) Status?
If you operate a nonprofit organization, you may be eligible to apply for tax-exempt status, such as 501(c)(3) status. Learn what is 501(c)(3) status, types of 501(c)(3) organizations, and how to apply for 501(c)(3) status.
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The Pros and Cons of a Partnership
If you’re starting a business and have one or more partners, it might seem obvious to form a business partnership. This is a business structure that allows you and at least one other person to both have ownership of the business. Even though forming a partnership might make sense, it’s not your only option. Before […]
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What Is Deferred Revenue?
Do customers pay you for your goods or services before you actually deliver them? If so, you need to know about deferred revenue. Learn about deferred revenue and how to record it in your accounting books.
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Put HR in the Hands of Your Employees With Employee Self-service Portal
Part of your job as a small business owner is ensuring your employees have what they need to succeed. Sometimes that means you have to handle employee requests when you’re busy. At other times, employees ask for important paperwork last minute. But, what if you don’t want to handle certain employee requests directly? An employee […]
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