Structuring your business as a corporation comes with benefits like limited liability and increased access to capital. It also comes with its own unique small business tax return—Form 1120. Do you know how to fill out Form 1120?
Read More How to Fill Out Form 1120: A Guide for CorporationsAccounting Reports Articles
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What Is Quick Ratio? Learn How to Swiftly Calculate This Metric
Does your business have enough liquid assets to cover short-term liabilities in a pinch? To find out, you can use the quick ratio. Keep reading to learn the quick ratio definition, how to calculate your ratio, and more.
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How to Use a Comparative Income Statement for Your Small Business
You’re an expert at running your business, not analyzing financial numbers. But as a small business owner, you need to know how your decisions affect your company. By reviewing your accounting books, you can leverage data to grow your company. One important report to look at is the comparative income statement.
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What Is Financial Reporting and Analysis in Small Business?
During day-to-day operations, you make transactions for your business. Knowing how to organize and review this information is key to long-term success. One way to keep track of transactions is to manage financial reports. What is financial reporting?
Read More What Is Financial Reporting and Analysis in Small Business?![Business owner handling expense reporting.](https://www.patriotsoftware.com/wp-content/uploads/2017/05/expense-reporting-768x432.jpg)
Expense Reporting for Small Business
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.
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What Is the Bottom Line in 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.
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6 Financial Ratios for Small Business Owners to Live By
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.
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What Is a Cash Flow Statement?
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?
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P&L Management for Small Businesses
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![Woman learning how long to keep accounting records.](https://www.patriotsoftware.com/wp-content/uploads/2022/11/accounting-records-768x432.jpg)
To Keep or Not to Keep? That Is the Accounting Records Question
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