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Do you know how profitable your small business’s operations are? You don’t have to be a financial expert to find out. You can calculate your gross profit to compare the funds you put into your business.
Read More What Is Gross Profit?
When you start a business, do you just wing it? Or, do you take time to plan and research your strategies before you jump into the market? If you’re like most entrepreneurs, you probably prepare your business before taking the plunge.
Read More How to Complete a Market Analysis the Right Way
Do you daydream about working with family members? You may consider hiring your child if you’re a small business owner. That way, you can show them the ins and outs of your business and the importance of hard work. At the same time, you gain an extra set of hands to get tasks done (win-win-win!).
Read More How to Employ Your Child: 10 Tips for Keepin’ It in the Family
Sometimes, you don’t have all the necessary information for accounting. Missing or incorrect details can derail your bookkeeping efforts, but you need to record every transaction. Use a suspense account when you’re not sure where to record general ledger entries.
Read More Suspense Account in Balance Sheet: Use for Questionable Transactions
Not sure what activities your overhead costs are going towards? With activity-based costing, product-focused businesses can get into the nitty-gritty details to better allocate expenses. That means you can more accurately analyze your spending—and price your products.
Read More Activity-based Costing (ABC) System: Finding Where Your Money Goes
As a business owner, you juggle a number of tasks, including accounting. You’re responsible for creating journal entries after every transaction. But that’s not all. You also need to know how to post journal entries to the general ledger. Learn how here.
Read More How to Post Journal Entries to the General Ledger
Employers with employees working in Minnesota are responsible for offering paid sick leave. How much do you know about the Minnesota paid sick leave law, known as Earned Sick and Safe Time?
Read More Minnesota Paid Sick Leave: Guide for Small Business Owners
UPDATE: On June 28, 2024, a Texas court halted the new DOL overtime rule for Texas state employees. The DOL new overtime rule is in effect for all other employees, including private employees in Texas. Keep in mind that continued legal challenges could arise. Starting in July 2024, four million new workers will become entitled […]
Read More New Overtime Rule for 2024: How Will it Affect Your Business?
Canton, OH In an unprecedented move, Patriot Software offers American businesses an incredible 6 months of free software to new customer signups in honor of Independence Day. The 6-month promotion applies to all Patriot Software products, including accounting, payroll, time and attendance, and HR software.
Read More American Businesses Offered a Serious Value They Can’t Refuse
Canton, OH Patriot Software proudly unveils its latest innovation—the My Patriot mobile app, a dynamic new tool designed to streamline how work hours are recorded and managed. The payroll and accounting leader’s new app is available to all salaried and hourly employees whose employer uses Patriot’s Time and Attendance software. “Business tools can make employees’ […]
Read More Patriot Software Launches Time and Attendance Mobile App
