If you’re not an accountant, the accounting information you need to know can feel daunting. But, buckle up because there’s another tool you need to understand: clearing accounts. What are clearing accounts? Do you need to use them? What do they do? Clear up your schedule for a few minutes to learn all about clearing […]Read More Clearing Accounts: Understanding How and When to Use Them
Want to let your customers know approximately how much a project’s going to cost them? If so, you need to know the ins and outs of creating a business estimate.Read More 6 Business Estimate Facts in a 6-Minute Read
Before you can begin looking into your business’s profit, you need to understand and know how to calculate cost of goods sold (COGS). So, where do you begin? Start here by learning all about COGS, including how to determine cost of goods sold and what you can use it for.Read More Do You Know Your Business’s Cost of Goods Sold?
Running a business can be expensive. Rent payments, utilities, taxes, and equipment can all come with a hefty price tag. And if you have employees, you also have to throw in the payroll costs. So to save some money now and pay later, you may consider a deferred payment. But, what is deferred payment, and […]Read More Considering a Deferred Payment? Here’s What You Should Know
Your business is your baby. You want to see it grow and prosper. But sometimes, you need to try new methods to get the word out about your company and raise funds for business growth. Thanks to the technological age, more options are out there now to assist you with funding and growing your business—like […]Read More What Is Crowdsourcing, and How Can You Use it to Grow Your Business?
Do you enjoy contributing to your favorite nonprofit organizations? If your business makes charitable donations, you’re automatically eligible for the joy of giving. And, you may qualify for a tax deduction.Read More 7 Fast Facts to Make Giving Charitable Donations a Smooth Process
Do you have freelancers or contractors working for you? Is your labor force full of short-term contracts? You might be working in a gig economy with gig workers. If so, you need to know the laws for hiring gig workers. Keep reading to learn more about the gig economy.Read More What is the Gig Economy, and Who are Gig Workers?
Sometimes, debt is a necessary evil when running a business. Taking on debt may be your best option when you don’t have enough equity to operate. But, how much debt is too much debt? And, when does debt become “bad”? The accounting debt-to-equity ratio can help you determine how much is too much and draws […]Read More Debt-to-equity Ratio: How the Math Works for Your Business
You know that running a business means tracking all of your incoming and outgoing money. So, you write it all down and track every single penny and transaction. But, how do you analyze all of that information? The answer: accounting reports. Let’s dive into the seven accounting reports you should know when running a business.Read More 7 Accounting Reports You Should Know Inside and Out as a Business Owner
Paying tax on your company’s incoming money is all part of being a business owner. But, not all money is taxed the same. If you earn money selling investments, capital gains tax comes into play. Read on to learn what is capital gains tax and why it matters in business.Read More A Business Owner’s Overview of Capital Gains Tax