Does your small business work with cash? More than likely, the answer is yes. And when you have cash expenses, you should record them in a cash disbursement journal.
Read More How to Create and Update Your Cash Disbursement Journal
Accounting Articles
Accounting Tips, Training, and News
What Is an Expense Account?
October 21, 2022Out of 400 survey respondents, 91% said they’d be more efficient if their workspace was organized. If you believe organization influences productivity, shouldn’t you better organize your accounting books?
Read More What Is an Expense Account?
3 Upselling and Cross-Selling Tips for Small Business Owners
October 21, 2022Your current customers spend an average of 67% more than new customers. Why? Current customers are more familiar with and loyal to your brand. And, you have upselling and cross-selling opportunities when it comes to your current customer base. What business owner doesn’t want to bring in more revenue? Learn about upselling and cross-selling, the […]
Read More 3 Upselling and Cross-Selling Tips for Small Business Owners
License to Sell: Your Guide to Applying for a Sales Tax Permit
October 20, 2022Many businesses need to collect sales tax from customers. But before you can start collecting it, you must obtain a sales tax permit with the state. Find out how to apply for a seller’s permit by state to keep things legal.
Read More License to Sell: Your Guide to Applying for a Sales Tax Permit
Recording Credit Card Sales in Your Books
October 20, 2022Do you accept credit card payments in your small business? If you do, that’s great news for the 80% of consumers who prefer playing with plastic. But, it comes with additional business responsibilities, such as recording credit card sales in your books.
Read More Recording Credit Card Sales in Your Books
Do You Know How Temporary vs. Permanent Accounts Differ?
October 20, 2022As a business owner, you are likely familiar with certain accounting accounts, like your assets or expense accounts. But did you know that each account can also be labeled as a permanent or temporary account?
Read More Do You Know How Temporary vs. Permanent Accounts Differ?
7 Precautions for Accepting Checks: Check Acceptance Guidelines
October 20, 2022Accepting check payments from customers may increase your chances of making a sale, but it comes at a price. If you receive counterfeit checks or checks from people with insufficient funds, you may have to deal with bank fees, wasted time, and lost money. To avoid these bad check nightmares, follow some standard precautions for […]
Read More 7 Precautions for Accepting Checks: Check Acceptance Guidelines
What Is Economic Nexus, and Does it Impact Your Business?
October 20, 2022As a business owner, you have likely heard of the term sales tax before. Heck, you might have even heard about sales tax nexus before. But, have you heard of economic nexus? If you have in-person or online sales, it’s time to listen up and learn about economic nexus. Read on to learn what is […]
Read More What Is Economic Nexus, and Does it Impact Your Business?
What Is a POS System, and How Can It Improve Your Day-to-day Operations?
October 18, 2022According to one source, over 60% of small businesses don’t have a point of sale system in place. Does your business fall into 60%+? If so, your small company could be missing out on a smoother system and in-depth sales reports.
Read More What Is a POS System, and How Can It Improve Your Day-to-day Operations?
Strategies and Formulas for Pricing Services at Your Small Business
October 18, 2022Do you own a service business? If so, you know that figuring out how to price services isn’t always easy. To make sure your small business is profitable, try these tips for pricing services.
Read More Strategies and Formulas for Pricing Services at Your Small Business