Many small business owners invest their own money to help fund their startups. According to one study, 78% of small businesses rely on their personal savings for initial funding.
Read More What Is Business Equity, And How Does It Represent the Value of Your Small Business?Accounting Articles
Accounting Tips, Training, and News
Breaking Down the Basics of a Financial Analysis Report
October 26, 2022If you want someone to invest in your company, you need to be able to tell them why it’s worth the investment. And, you must be able to back up your claims with strong financial data. To show investors why your business is a good investment, develop a financial analysis report.
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Are You Thinking About Business Reorganization?
October 26, 2022In business, there are no guarantees. At some point, you may find your small business struggling to make ends meet or overburdened by debt. If you’re looking to increase your company’s bottom line, consider business reorganization. Some business owners panic when they think of bankruptcy organization. But before you stress out, remember two things. First, […]
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Sales Projections for Small Business Owners
October 26, 2022As a small business owner, you know it’s rare for things to go according to plan. But, without a sense of direction, you’re steering your business blindly into the future. You need to know where you’re headed in order to make smart decisions. To get an outlook on your business, you can learn how to […]
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How Much Should Accounting Cost a Small Business?
October 26, 2022If you’re a small business owner, managing your financial books is not an expense you want draining your bank account. But, it can be difficult to know if your accounting costs are on track. How much should accounting cost a small business? The answer is not as simple as it might seem.
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What Is the Product Life Cycle, and How Does it Impact Pricing Strategies?
October 26, 2022Part of being a small business owner is strategizing pricing, creating and marketing products or services, and paying attention to industry trends. If you sell goods, you need to know about the product life cycle.
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Income Statement vs. P&L
October 26, 2022Knowing your business’s financial health is key to budgeting, decision making, and implementing change. You can learn about your finances by using financial statements. To find out your company’s net profits during a specific time, use the income statement or P&L. What is the difference between income statement vs. P&L?
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What Is Deferred Revenue?
October 26, 2022Do customers pay you for your goods or services before you actually deliver them? If so, you need to know about deferred revenue. Learn about deferred revenue and how to record it in your accounting books.
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Independent Contractor Misclassification: How to Avoid
October 26, 2022An estimated 3.4 million workers deal with independent contractor misclassification. When you bring someone on board, determine whether the worker is an independent contractor or employee. It’s no secret that the IRS has strict policies in place to crack down on employers who misclassify contractors. So, how do you avoid misclassifying independent contractors?
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How to Organize Business Receipts and Kick Clutter to the Curb
October 26, 2022As a business owner, it’s easy to get caught up in the hecticness of running your company. Because of this, keeping accounting records like business receipts, invoices, and, expenses organized can be difficult. Learn how to organize business receipts with a few simple storage solutions.
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