Do some of your customers pay on credit? If so, do you know how long it takes your business to collect payments from said credit sales? If not, it’s time to get to know day sales outstanding (DOS). Learn all about day sales outstanding and how to calculate DSO like a pro below.
Read More Days Sales Outstanding (DSO): What Is It?
Want to increase transparency and potentially boost profits? If so, you may consider open-book management. So, what is open-book management? Get to know what open-book management includes, the pros and cons of it, and how it works.
Read More What Is Open-book Management?
As an accountant professional, you want to be the absolute best of the best for your clients. And to do that, you may need to set and track performance targets. But, what are performance targets for accountants, and how do they work? Keep reading for a breakdown of professional goals for accountants and performance target […]
Read More Top 4 Performance Targets for Accountants
There are many different accounts you can use to record equity in your business accounting books. Before you can begin tracking equity, you must learn about the different types of equity that can apply to your company.
Read More Different Types of Equity for Your Small Business: Get the Lowdown
Your hardworking employees need a vacation every now and then. Many employers provide vacation time to employees, but employees might not use their earned vacation right away. When employees have accrued vacation time, you must create a vacation accrual journal entry. Read on to understand the basics of vacation accrual and how to calculate and […]
Read More How to Record a Vacation Accrual Journal Entry
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
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?
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
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
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?