As a small business owner, the idea of learning accounting lingo can be intimidating. You may not know many terms used in accounting. To better understand your business’s finances, you may want to review a few basic accounting terms. To help you get started, below are explanations of common accounting terms.
Read More Accounting Terms You Should KnowMaria Tanski-Phillips
5 Steps to Get on Track While Tracking Business Expenses and Income
As a small business owner, you are likely familiar with recording and keeping an eye on transactions. However, are you thoroughly monitoring business expenses and income? Learn the steps to take for tracking business expenses and income and the importance of tracking them below.
Read More 5 Steps to Get on Track While Tracking Business Expenses and IncomeWhat Is Distribution?
When a company makes money, it may decide to return a portion of cash to its shareholders. Depending on the business structure, individuals may receive special payments from a business called distributions. Read on to learn what is distribution, types, and how distributions work.
Read More What Is Distribution?What Is Invoice Discounting?
As a small business owner, you regularly sell products or provide services to customers. Instead of collecting funds right away, you may send a customer an invoice. But, did you know you could use invoices as a financing tool for your business? Read on to learn more about invoice discounting and how it can help […]
Read More What Is Invoice Discounting?Learn How to Calculate Turnover to Help Improve Employee Retention
All types of businesses experience turnover at some point. And to improve your turnover rate, you must know how to calculate it. Read on to learn how to calculate turnover rates and ways to improve your rate.
Read More Learn How to Calculate Turnover to Help Improve Employee RetentionWhat Is Form 1040?
If you are an individual earning or receiving income, you likely file an annual income tax return, like Form 1040. What is Form 1040?
Read More What Is Form 1040?E-File vs. Paper File: The Advantages and Disadvantages to Consider
In this digital era, it may seem surprising that there is an option to file a paper tax return. But before you kick the idea of paper filing to the curb, consider the advantages and disadvantages of e-File vs. paper file below.
Read More E-File vs. Paper File: The Advantages and Disadvantages to ConsiderDo You Know How to Account for an Accrued Bonus?
Performance-related or annual bonuses reward employees and encourage them to be more productive. Some employers may choose to offer an accrued bonus. Read on to learn about providing an accrued bonus, how to account for bonus accrual, and rules to follow.
Read More Do You Know How to Account for an Accrued Bonus?How to Be Self-employed and Efficiently Manage Your Business’s Books
Being your own boss sounds ideal. But when you’re self-employed, you may also become your own office manager, bookkeeper, and marketing specialist. To set your business up for success and balance your responsibilities, you need to learn how to be self-employed.
Read More How to Be Self-employed and Efficiently Manage Your Business’s BooksKnow Your Customer: Who Are You Really Doing Business With?
Take a step back and think about this: How well do you really know your customers? If you’re in a business that involves money, such as a bank or insurance agency, it can pay off to do your due diligence when it comes to your customers. The process of knowing your customer and verifying your […]
Read More Know Your Customer: Who Are You Really Doing Business With?