When you are tracking your business’s financial health, you will track many indicators. And if you are seeking money from investors and creditors, they will want to see these numbers, too. Operating income is one of the numbers you should calculate.
Read More What Is Operating Income?
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)
Of course, you want to trust the people you hire to work at your small business. But sometimes, you get a bad apple.
Read More 5 Employee Theft Prevention Tips
Does your business have enough money to pay off debts? If you aren’t sure, then you need to learn about liquidity.
Read More What Is Liquidity?
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.
Read More What to Do When a Customer Check Bounces
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.
Read More What Is Deferred Revenue?
Even if you pay an employee a salary, you might owe them overtime wages. Learn how to calculate overtime pay for salaried employees correctly. And, check out step-by-step examples.
Read More How to Calculate Overtime Pay for Salary Employees
Thanks to technology, you can do almost everything online. That includes many parts of your payroll process. There are many reasons to use paperless payroll, including cost savings and environmental benefits. But, is paperless payroll legal?
Read More Is Paperless Payroll Legal?
Payroll includes a lot of confidential information. Your payroll records include both business and employee information. There are names, addresses, Social Security numbers, dates of birth, pay rates, benefits, deductions, and bank accounts. With so much sensitive information, it is important to maintain payroll confidentiality.
Read More How to Maintain Payroll Confidentiality
Your small business has many options to run payroll. You could run payroll yourself or you can outsource it. Outsourcing payroll to a payroll software can be a great benefit for your business.
Read More Everything You Should Know About Outsourcing Payroll to Online Software