If you have employees, expense reporting is an important part of your accounting process. Expense reports allow flexibility and make it easier for employees to do their jobs. To save your business time and money, create an expenditure report policy.Read More Expense Reporting for Small Business
Sometimes, when you talk to someone, they take a while getting to the point. You might tap your foot impatiently until you finally blurt out, “Well, what’s the bottom line?” The bottom line in business is just like the bottom line of a conversation.Read More What Is the Bottom Line in Business?
As a small business owner, you work hard to make your company successful. When problems come up, you face them head-on to push your business forward. Whether you go an inch or a mile, you record all your financial moves in your small business online accounting records.Read More 6 Financial Ratios for Small Business Owners to Live By
Knowing how your business’s finances are going is one part of owning a small business. You should have the three main financial statements at your business: balance sheet, income statement, and cash flow statement. What is a cash flow statement?Read More What Is a Cash Flow Statement?
Being able to effectively manage your incoming and outgoing money ensures you have a healthy business. To do so, you need accurate financial records. Make necessary changes to your business through P&L management.Read More P&L Management for Small Businesses
As a business owner, accounting records must be at the top of your to-do list. Accounting records track transactions and help you understand the health of your business. What accounting records should you know about, and how long should you keep them? Read on for the scoop.Read More To Keep or Not to Keep? That Is the Accounting Records Question
As a small business owner, you have many accounting responsibilities, like tracking your business transactions, income, and expenses. And on top of juggling these tasks, you must also understand which basic accounting forms are relevant to your small business.Read More Basic Accounting Forms for Small Business That You Should Know
When it comes to managing your business’s finances, you can never be too organized. Creating financial statements paints a picture of your company’s financial health. Financial statements help with decision making and your ability to get outside financing. One statement you could create is the retained earnings statement.Read More What is a retained earnings statement?
In this digital era, it may seem surprising that there is an option to file a paper tax return. But before you kick the idea of paper filing to the curb, consider the advantages and disadvantages of e-File vs. paper file below.Read More E-File vs. Paper File: The Advantages and Disadvantages to Consider
Over time, your small business acquires items of value. These things that bring value to your business are assets. To see how profitable your assets are, learn how to find return on assets and its impact on your business. So, what is return on assets?Read More What Is Return on Assets?