As a business owner, a big part of your job is handling accounting tasks. Part of your accounting responsibilities is looking at accounting periods and analyzing reports and other financial information. Many businesses use monthly accounting periods. However, some companies may opt to take advantage of 13 accounting periods instead. So, what is this 13th […]
Read More 13 Accounting Periods … What’s the Deal?
As a business owner, you likely evaluate your employees’ performance from time to time. But, your employees aren’t the only ones you should be assessing. If you have suppliers you go to for inventory and materials, you need to evaluate their performance, too. To learn more about supplier evaluation and how to evaluate a supplier, […]
Read More Increase Efficiency With a Routine Supplier Evaluation
As a business owner and consumer, you’re likely familiar with sales tax. After all, the majority of states have some type of sales tax. But, you may be less familiar with use tax and how it works compared to sales tax. Want to find out the difference between sales tax vs. use tax? Keep reading.
Read More Sales Tax vs. Use Tax: How They Compare and Contrast
Your business incurs all kinds of expenses during day-to-day operations. From payroll expenses to selling, general, and administrative expense (aka SG&A), there are a number of costs you need to pay attention to. But, what is SG&A exactly?
Read More Your Guide on Selling, General, and Administrative Expense (SG&A)
Part of running a business is recording day-to-day operating costs in your books. These expenses fall into two categories: cost of goods sold (COGS) or operating expenses. But what’s the difference between the two? Read on to learn about cost of goods sold vs. operating expenses and how to tell the difference when doing your […]
Read More Cost of Goods Sold vs. Operating Expenses: Your Go-to Guide
Depending on your business’s location, you may need to pay or remit certain state-specific taxes. One type of state tax your business should be aware of is gross receipts tax (GRT). Read on to learn about gross receipts tax and whether or not you’re responsible for remitting it to your state.
Read More What Is Gross Receipts Tax, and Which States Impose It?
Canton, OH Patriot Software, LLC, an accounting software and payroll provider, has been named as an “Emerging Favorite” on the 2021 Capterra Accounting Software Shortlist and Capterra Accounts Payable Shortlist. Gartner’s Capterra is an online software reviews provider that helps consumers make well-informed software decisions by offering user reviews and research. Gartner also owns Software […]
Read More Patriot’s Accounting Software Emerging as a Favorite According to Capterra
As an employer, you know you have to pay certain taxes, like unemployment taxes. But you may be wondering, Do employees pay into unemployment insurance? Get the scoop on whether or not your employees need to pay into unemployment.
Read More Do Employees Pay Into Unemployment?
Nowadays, everything is online. From reviews to social media to shopping, it’s no secret that the online world is taking over. In fact, U.S. e-commerce grew by 44% in 2020. With the online market growing bigger every day, you may be thinking, It’s time to start accepting payments online for my business. If you’re in […]
Read More Thinking About Accepting Payments Online? Here Are Your Options
Your small business budget is an important tool for your company. It guides your spending habits throughout the year, helps you avoid overspending, and helps you make important financial decisions. But, budgets aren’t one-size-fits-all. Every business’s budget looks a little different. And, there are a number of different types of business budgets to keep on […]
Read More 10 Types of Business Budgets to Keep Track of Your Company’s Cash