As a small business owner, keeping track of inventory is an essential part of running your business. Perpetual inventory is one solution for inventory accounting. Read on to learn more about what is perpetual inventory, how perpetual inventory systems work, and the pros and cons of perpetual inventory.
Read More The Ins and Outs of Perpetual Inventory
Guest Author:
Maria Tanski-Phillips
Maria creates helpful and practical content for Patriot’s marketing department. She began as a Content Writer in 2018.
Fixed Assets vs. Current Assets: What’s the Difference?
There are different types of assets your business may have. You have probably heard of fixed and current assets. But, do you know the difference between fixed assets vs. current assets?
Read More Fixed Assets vs. Current Assets: What’s the Difference?
Business Tax Return Due Date by Company Structure
As a busy entrepreneur, you don’t always have the time to think about your business tax return due date. It can be easy to miss your business tax return deadline with so much on your plate. You may be asking yourself, When are business taxes due? Learn more about your business tax due date and […]
Read More Business Tax Return Due Date by Company Structure
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 Income
What 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 Retention
What 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 Consider
Do 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?