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 […]
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Accounting Tips, Training, and News
What Is Crowdsourcing, and How Can You Use it to Grow Your Business?
June 22, 2021Your 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, […]
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Debt-to-equity Ratio: How the Math Works for Your Business
June 15, 2021Sometimes, 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 […]
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Accounting Reports to Know Inside and Out
June 10, 2021You 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.
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A Business Owner’s Overview of Capital Gains Tax
June 8, 2021Paying 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.
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Getting New Equipment? You’ll Need to Make a Purchase of Equipment Journal Entry
June 4, 2021You probably depend on equipment to run your business. Computers, cars, and copy machines are just some of the must-have company assets you use. When it’s time to buy new equipment, know how to account for it in your books with a purchase of equipment journal entry.
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What Is Franchise Tax, and Does Your Business Need to Pay It?
June 3, 2021As a business owner, there are a ton of taxes you need to keep on your radar. One tax you may need to pay to your state is franchise tax. But, what is franchise tax? Get the scoop about this type of tax and whether or not your business is responsible for it.
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Can’t See Into the Future? Don’t Be Surprised If You Have a Variance in Accounting
June 1, 2021Forecasting how much you’re going to spend and receive is a key part of running a business. But, rarely do predictions match actual income and expenses. More than likely, you’ll experience a variance in accounting at some point.
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How Does Accounting Information Help in Decision Making? The Employer’s Guide
May 25, 2021Financial 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 […]
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Accounts Payable Aging Report: What Can it Do for Your Business?
May 21, 2021As 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.
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