In accounting, you deal with a variety of accounts to balance and organize your books. One type of account you will likely run into is a real account.
Read More Real Accounts: What to Know About These Permanent Accounts
Author:
Maria Tanski-Phillips
Maria creates helpful and practical content for Patriot’s marketing department. She began as a Content Writer in 2018.
How to Calculate Total Revenue in Accounting [With Examples]
Keeping an eye on your business’s finances is oh-so-important if you want your company to thrive and grow. This includes monitoring your financial statements and calculating financial figures, such as total revenue. Get the lowdown on how to calculate total revenue and ways to use it to benefit your business.
Read More How to Calculate Total Revenue in Accounting [With Examples]
How to Manage and Record Cash Receipts in Your Small Business
If you’re a small business owner, you likely receive cash payments from your customers. And if you receive cash payments, you need to know about recording cash receipts in your books. So, how do you record cash receipts?
Read More How to Manage and Record Cash Receipts in Your Small Business
Types of Audits: Breaking Down 9 Different Audits
As a small business owner, you need to conduct regular audits to ensure your records are accurate. Although many business owners dislike the idea of auditing, audits can be beneficial to your company. Learn more about the different types of audit below.
Read More Types of Audits: Breaking Down 9 Different Audits
Golden Rules of Accounting: The Three Rules You Should Always Follow
You might have heard of the Golden Rule in life: Treat others as you want to be treated. But, did you know that there’s also a golden rule for accounting? In fact, there are three golden rules of accounting. And no … one of them is not treating your accounts the way you want to […]
Read More Golden Rules of Accounting: The Three Rules You Should Always Follow
How to Convert Employees from Hourly to Salary
As an employer, you may find yourself changing an employee from hourly to salary at some point. Learn why you might convert an hourly employee to salary and what steps to take when converting.
Read More How to Convert Employees from Hourly to Salary
10 California Labor Laws Your Business Needs to Brush up On
The Department of Labor (DOL) enforces more than 180 federal laws. These laws can vary depending on your business and employees. And, some states might have additional labor laws that business owners must follow. One state that has some unique regulations is California. Read on to learn about California labor laws and how they impact […]
Read More 10 California Labor Laws Your Business Needs to Brush up On
How to Fill Out Form 941 (2024): Step-by-step Instructions to Fill Out Form 941
If you have employees, you likely need to fill out and file Form 941 each quarter. Form 941 is jam-packed with different sections and calculations, which leaves room for errors. Need Form 941 instructions? Avoid major Form 941 mistakes and here learn how to fill out Form 941 line by line here.
Read More How to Fill Out Form 941 (2024): Step-by-step Instructions to Fill Out Form 941
How Will Leap Year Payroll Impact Your Business in 2024?
Every four years, February magically has 29 days instead of 28. Ok, so maybe it’s not magic. But it is a leap year. And when leap year rolls around every four years, your business needs to be prepared. Read on to learn about leap year payroll and steps for handling payroll during a leap year.
Read More How Will Leap Year Payroll Impact Your Business in 2024?
How to Convert Minutes for Payroll: Your Go-to Guide
If you have hourly employees, you likely have them track their hours. But, what happens if they only work a fraction of an hour? How do you know how much to pay them?
Read More How to Convert Minutes for Payroll: Your Go-to Guide
