Accounting Articles

Accounting Tips, Training, and News

How Does Accounting Information Help in Decision Making? The Employer’s Guide

Financial reports and accounting information may seem time-consuming or confusing. But, that data is an essential part of running a business—especially when you need to make big decisions. Do you need to take out a loan? Can you afford to give raises to your employees? What about buying new equipment? All of these questions can […]

May 21, 2021

Co-workers putting together an accounts payable aging report.

Accounts Payable Aging Report: What Can it Do for Your Business?

As a business owner, you’ve probably made purchases for your company on credit before. And if you make a lot of purchases on credit, tracking how much you owe each vendor can be overwhelming. The solution? An accounts payable aging report.

May 20, 2021

Paid FMLA Tax Credit Renewed—Can You Claim It?

The Family and Medical Leave Act (FMLA) requires certain businesses to offer employees unpaid leave for qualifying situations. But, there’s no federal law that requires you to offer employees paid family and medical leave. If you voluntarily decide to pay employees who use this type of leave, you could be eligible for an FMLA tax […]

May 11, 2021

Sell Your Work: What to Say When Sending an Estimate

Finding new work for your business is exciting. But sending an estimate? That can be a cause for a moment of panic. What to say when sending an estimate is important because you are selling your work and skills to a potential client. Read more about what to say when sending an estimate and how […]

May 7, 2021

Get Organized (and Paid) With These Invoice Tracking Tips

How many times have you sent out an invoice to a customer and lost track of it while waiting for payment? If it’s happened more than once, it might be time to step up your invoice tracking skills.

May 6, 2021

Tossing Your Business Bank Statements in the Trash? Get to Know Them Instead

If you have a business bank account, you should regularly receive a paper or electronic statement. These business bank statements provide valuable information for managing your business finances.

May 4, 2021

Employer holding a pink highlighter over a calendar marking 13 accounting periods.

13 Accounting Periods … What’s the Deal?

As a business owner, a big part of your job is handling accounting tasks. Part of your accounting responsibilities is looking at accounting periods and analyzing reports and other financial information. Many businesses use monthly accounting periods. However, some companies may opt to take advantage of 13 accounting periods instead. So, what is this 13th […]

April 29, 2021

The Math Behind the Accounting Equation

Accounting is an essential part of running a business. But, that does not mean you have to be an accountant to understand the basics. Part of the basics is looking at how you pay for your assets—financed with debt or paid for with capital. Use the accounting equation to see the difference. What is the […]

April 27, 2021

Mix of icons such as a laptop, headphones, books, and files on a purple background.

How to Keep Your Direct vs. Indirect Costs Straight

When you have a business, you have direct and indirect costs. Tracking these expenses is key to having up-to-date books, receiving tax deductions, and making business decisions. So, what’s the difference between direct vs. indirect costs?

April 23, 2021

Tax Season Is the Time to Enter a Journal Entry for Income Tax Refund

Taxes are a big part of running a business, and they can take a toll on your bank account. But sometimes, you can receive an income tax refund for your business. If you do, you need to know how to record a journal entry for income tax refund in your books.

Older posts

Newer Posts