Guest Author:

Maria Tanski-Phillips

Maria creates helpful and practical content for Patriot’s marketing department. She began as a Content Writer in 2018.

Calendar on a yellow background with a pencil.

What Is a Fiscal Quarter?

February 1, 2022

Your business’s fiscal quarter plays a role when it comes to things like taxes and finances. But, what is a fiscal quarter? Learn all about fiscal quarters and how to use them in accounting and business.

Woman taking inventory as she tries to find current assets.

How to Calculate Current Assets in Accounting

January 27, 2022

When it comes to your business, keeping up with your finances is a must. And to know where you stand financially, understand how to calculate certain figures, like current assets. Get the scoop on how to calculate current assets for your business and how to use them to evaluate your company’s finances.

Patriot makes Software Advice's Best Accounting Software List

Patriot’s Accounting Software Makes Top Accounting Software List

January 25, 2022

Canton, OH Patriot Software, a leading accounting software and payroll software provider was recognized as the 2021 top-rated product in Software Advice’s Year-end Report for Best Accounting Software.

Crystal ball representing demand forecasting.

Demand Forecasting 101: How to Predict When Sales Will Spike

January 20, 2022

Without customer demand, there is no business. Although no one can predict exactly how high in demand a product or service will be, you can guesstimate it. How, you ask? With demand forecasting. Get the lowdown on types of demand forecasting, how to forecast demand for your business, and more.

Business owner creating a cost of goods sold journal entry in his accounting software.

How to Record a Cost of Goods Sold Journal Entry 101

January 13, 2022

As a business owner, you may know the definition of cost of goods sold (COGS). But do you know how to record a cost of goods sold journal entry in your books? Get the 411 on how to record a COGS journal entry in your books (including a few how-to examples!).

Business owner handling expense management.

Business Expense Management: 4 Tips to Improve

December 30, 2021

At some point or another, an employee may need to use company funds to make a business-related purchase. When this happens, expense management comes into play. Learn all about small business expense management and how to streamline your process to ensure you reimburse employees in a timely manner.

What Are Gross Receipts, and What Do You Need to Know Them For?

December 23, 2021

At some point or another, you may need to know your gross receipts for certain situations, like taking out a loan. But, what are gross receipts exactly? And, how do you calculate them? Let’s get into the nitty gritty of gross receipts.

Make an Employment Tax Mistake? You May Face the Failure to Deposit Penalty

December 22, 2021

Part of the role of being an employer is withholding, contributing to, and remitting employment taxes. But, what happens if you don’t make a payment on time or pay an incorrect amount? Cue the Failure to Deposit Penalty.

What Is the Employee Retention Credit, and How Does It Work for Employers?

December 20, 2021

Heads up: Congress recently passed the Infrastructure Investment and Jobs Act, which President Biden signed on November 15, 2021. The new expiration date of the ERTC is September 30, 2021 for most businesses, and the IRS has provided guidance on failure to deposit penalties. Due to the coronavirus negatively affecting businesses nationwide, there are a […]

Oregon’s Multnomah County Preschool for All Tax: The Scoop

December 8, 2021

If you’re an employer in Oregon (specifically in Multnomah County), listen up. There’s a new personal income tax that went into effect in 2021, and it may impact both you and your employees. What is this new tax in town, you ask? The Multnomah County Preschool for All tax.