Selling a product to a customer and collecting money isn’t the end of the sales process. You also need to prepare in case customers return goods. To prevent confusion and frustration, you need to have a clear small business return policy in place.
Read More How to Create a Small Business Return Policy
No matter what kind of business you run, you probably own property that helps you provide products and services. Your company’s assets are a valuable part of your operations and need to be carefully maintained. Use a fixed asset management system to organize information about your business property.
Read More Fixed Asset Management for Small Business
As a small business owner who accepts cash payments, you must protect your business from counterfeit money. There are millions of dollars in counterfeit bills in circulation. Learn how to tell if money is fake before you accept counterfeit bills.
Read More How to Tell If Money Is Fake
When you buy assets for your small business, you need to account for them in your books. Recordkeeping for assets doesn’t need to be difficult. The cost principle is a simple method for managing the value of your long-term assets.
Read More What Is Historical Cost Principle?
As a small business owner, you might be put off by the cost of accepting credit cards. But, accepting credit card payments for small business can open the door to more customer traffic, increased loyalty, and larger sales.
Read More How to Start Accepting Credit Card Payments for Small Business
Even with automation and easy-to-use accounting tools, bookkeeping mistakes can happen. Journal entry errors can end up costing your small business time and money. Learn how to get your books back on track with correcting entries.
Read More Use Correcting Entries for Mistakes in Your Books
No matter the size of your company, there is always a need for capital in order to operate and grow. For small business owners, one funding option is a personal loan. These loans focus on your financial history, not your business’s. Find out if a personal loan for business is right for you.
Read More 7 Questions to Ask Before Using a Personal Loan for Business
After deciding to streamline your business processes with accounting software, you might be wondering, What now? You need to know how to use accounting software to get all the great benefits out of it.
Read More How to Use Accounting Software
As a small business owner, you can offer several payment options to your customers. One way to receive money is by accepting check payments. To broaden payment options for your company, you need to know how to accept personal checks.
Read More Accepting Check Payments at Your Small Business
You need to advertise to promote your business brand, increase customer awareness, and build your reputation. Each time you have an advertising and promotion expense, you need to record it in your small business accounting books.
Read More Advertising and Promotion Expense: Journal Entries and Tax Deductions