As a business owner, you can look to your balance sheet for answers to questions about your business’s financial health. One thing you may keep track of on your balance sheet is accumulated depreciation. But, what is accumulated depreciation?
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Accounting Tips, Training, and News
The Basics of Accrued Liabilities in Business
October 29, 2020If you want to keep your business running, you need to fork over some cash to buy goods and services. And sometimes, you might use credit to make these purchases, resulting in accrued liabilities.
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What Is a Price War, and Is it Worth it for Your Business to Go Into Battle?
October 27, 2020Attracting customers is a never-ending battle, especially when your market is chock-full of competition. Businesses use a variety of tactics to ward off said competitors, including price wars. Learn what is a price war and how to win one if you find yourself in combat with another business.
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Turn up the Holiday Cheer With a Company Shutdown This Year (Plus Save on Overhead)
October 20, 2020What does a holiday company shutdown have to do with lower overhead and COVID-19? Turns out, a lot. Major corporations like Best Buy, Target, and Walmart have already announced store closures for Thanksgiving 2020 due to the pandemic.
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Starting a Business from Home: 11 Steps to Successfully Launch Your Home-based Venture
October 15, 2020Love the idea of starting your own business, but don’t want to deal with the hassle of finding an office space and paying rent? Then starting a business from home may be a good fit for you. Find out the pros and cons of owning a home-based business and how to start a business from […]
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What Kind of Support Can You Get for Starting a Veteran-owned Small Business?
October 8, 2020If you have a veteran-owned small business, you may be eligible for special training, loans, and contracting opportunities. Read on to learn what types of options are available to veteran entrepreneurs as well as eligibility requirements.
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Thinking About Becoming a Solopreneur? Utilize These 6 Accounting Tips to Succeed
October 6, 2020If you’re running a business by yourself, you may be considered a solopreneur. And like any other business owner, you need to familiarize yourself with accounting dos and don’ts. Read on to learn more about solopreneurship and tips for handling your books when you’re the one running the show.
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Small Business Exit Strategies: A Brief Rundown of Your Way Out
October 2, 2020When you first start a business, the last thing you’re thinking about is leaving it. But, life gets in the way of plans. That’s why you need an exit strategy before starting your small business. Exit strategies help make sure you, your business, and investors are protected.
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Will Value-based Pricing Work for Your Business?
October 1, 2020There are a number of strategies you can use to price your products or services. One of them is value-based pricing. Read all about value-based pricing, its pros and cons, and how you can use it to strategically price goods and services at your small business.
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What Is an Operating Budget for Business?
September 29, 2020There are a number of different types of business budgets. One kind of budget that your business may have is an operating budget. Read on to learn what is an operating budget and what to include in yours.
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