If you’ve taken out a business loan or line of credit, you’re aware that interest accrues on the borrowed amount. But, do you know how to record accrued interest in your books? Continue reading “How to Record Accrued Interest in Your Books”
Have employees? Then you know part of your employer responsibilities include the annual reporting of employee wages and taxes on Form W-2. And, no Form W-2 reporting is complete without its trusty sidekick, Form W-3. What is a W-3 form? Continue reading “What Is a W-3 Form?”
Accounting errors are inevitable, especially if you’re rushing to add information into your small business accounting books. To detect accounting errors sooner rather than later, learn how to find accounting errors.
Continue reading “How to Find Accounting Errors in Your Books: 5 Tips to Follow”
Want to know how much of your PPP loan is eligible for forgiveness? Thanks to the SBA’s release of the Loan Forgiveness Application, you can now do the PPP forgiveness calculation for your loan amount. Continue reading “PPP Forgiveness Calculation: Process & Example”
Thinking about offering employer-sponsored health insurance? Sure, you could offer a traditional group health insurance to your employees, but that’s not your only choice. There are a number of small business health insurance options you can choose from. Continue reading “Small Business Health Insurance Options: Which (If Any) Will You Pick?”
Quick: Tell me what your business does in under a minute and a half. Can you do it? Probably not—for one of two reasons. First, we can’t hear you. And second, you may not have nailed down your entrepreneur elevator pitch yet. Continue reading “Rising to the Occasion: How to Master Your Entrepreneur Elevator Pitch in 5 Steps”
How do you pay your employees? With checks? Direct deposit? Other? There are a number of ways to pay employees, especially as money continues moving into the digital sphere. If you want to know how to pay employees, take a look at your options. Continue reading “How to Pay Employees: Types of Payment You Can Offer”
As a business owner, you calculate a variety of figures to determine your company’s financial health. One of these figures to keep on your radar is gross margin. Read on to learn what is gross margin and how it can help you set prices for your goods or services.
Continue reading “What Is Gross Margin, and How Can it Help Determine Profitability?”
With loan forgiveness on the line, you probably didn’t apply for a Paycheck Protection Program (PPP) loan for the low-interest rate of 1%. So, you got the loan. Now, you want to know how to get your PPP loan forgiveness. Continue reading “PPP Loan Forgiveness: How to Get Your PPP Loan Forgiven”
Ten out of 10 businesses sell products or services. And when you make a sale, you need to record the transaction in your accounting books. How comfortable are you with making a sales journal entry? Continue reading “How to Make a Sales Journal Entry in Your Books”
