Michele Bossart, Author at Patriot Software

Patriot Software Michele Bossart

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What Is an Audit Trail, and How Does It Impact Your Business?

hand holding a magnifying glass

As a business owner, you’re responsible for recording your company’s transactions. And to support your entries, you should be keeping adequate documentation. This accounting documentation acts as an audit trail for your business. Read on to learn what is an audit trail and why it is essential for your small business.

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A Profit and Loss Statement for Small Business Is a Must!

profit and loss statement for small business

As a business owner, you must track the money going in and out of your company to keep your finances on track. One way you can do this is by monitoring your profit and loss statement for small business.

Read on to learn how a profit and loss statement can benefit your business and how to create one of your own.

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What Are Non-sufficient Funds?

Non-sufficient funds occurs when an account has less money than the payment being remitted.

As a small business owner, you have a lot on your plate at all times. You do your best to keep your accounts, finances, and books in order. But sometimes, things just slip your mind.

At some point or another, you might spend more than what you have in your account. When this happens, you have non-sufficient funds. Read on to learn what are non-sufficient funds, what to do if you have them, and how to avoid insufficient funds.

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Patriot Software Unveils New Logo and Brand

Canton, OH

Patriot Software, commonly known as “PATRIOT,” rolled out its revised brand on January 29, 2020. Patriot provides premium accounting and payroll SaaS software to American businesses and their accountants. Patriot operates in the US financial accounting software market, including payroll, which is expected to grow at a CAGR of 11.7% to $10.37 Bn by 2025 (source: MarketWatch press release).  Continue reading “Patriot Software Unveils New Logo and Brand”