As a small business owner, you probably have a system for creating a budget. But sometimes, your budget needs to change because of fluctuating income or expenses. For example, you should keep an eye on cash flow for 3-paycheck months.
Read More How to Handle Cash Flow for 3-Paycheck MonthsAmanda Cameron
When to File an Amended Tax Return for Small Business
Did you make an error on a tax return for your small business? Your first time filing taxes for small business can be tricky. You can file an amended tax return to fix mistakes and omissions that date several years back. While there are some advantages to filing an amended tax return, you do not need […]
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Bookkeeping vs. Accounting: What Is the Difference?
As a small business owner, paying close attention to your finances is vital to the survival and growth of your company. You can handle much of your accounting program on your own with some time and resources. But when you look at your books and feel lost, it might be time to call an expert.
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Business Plan Benefits for Your Small Business
Do you need a business plan for your small business? If you are seeking outside funding, you are required to present a formal proposal. But, the benefits of a business plan go beyond finding lenders.
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Unveiling the Accounting Benefits of Employee Engagement
You can use employee engagement to create relationships between your business and employees. Employee engagement is when employees are committed to your company and the work that they do. The benefits of employee engagement help your company on many levels, including your accounting.
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7 Small Business Tax Deductions – The Do’s and Don’ts
Small business tax deductions decrease your taxable income. This means more of the money you earn stays in your pocket. You can deduct your business’s expenses throughout the year from your taxable income.
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Create a Customer Bill Payment Policy for Your Small Business
Do you struggle to collect customer bill payments? If you do not charge your customers the total bill at the point of sale, you need a payment policy to guide your customers through the payment process.
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Business Credit Cards for Startups
When you start a business, you have many decisions to make about how you will operate. To run your business, you need funds. Business credit cards for startups help you access the day-to-day funds that you need.
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Excess Inventory for Seasonal Businesses
As a seasonal business owner, your inventory is inconsistent year-round. At the beginning of and throughout your busy season, you need a lot of inventory to run your business. But when your slow season starts, you need to get rid of inventory. It takes careful planning to avoid excess inventory in your seasonal business.
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The Basics of Franchise Accounting
As a franchise owner, you can run your own business without the risk of starting a brand-new company. Like any business, you take on the many responsibilities of day-to-day operations, including some basic accounting tasks. Though franchise accounting is similar to accounting for other types of businesses, it includes a few extra steps.
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