Post Tagged with: "expenses"

Simplified Accounting For New Business (no big deal to understand)

November 2, 2017 5:31 pm1 comment
Simplified Accounting For New Business (no big deal to understand)

By : Alex Nordeen **** Before you start your own business, it is mandatory to know about how accounting works. Accounting involves necessary tax payments, cash flow and expenses, manage payroll and producing financial reports. Accounting gives the financial summary about the performance of your business. Contingent upon the size of the company, accounting will have to be carried out.

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Make Better Business Decisions With Financial Forecasting

October 28, 2017 12:00 am0 comments
Make Better Business Decisions With Financial Forecasting

By : Joseph Fragnoli / CPA ….The financial forecast is an aspect of a larger planning process within an organization. It has an immense impact on the overall decision-making process. Preparing financial forecasts can be tedious tasks for small and medium business. Hence, many SMB’s these days turn to accounting experts to create a quality financial forecast on behalf of the company, so they can more focus on running their business.

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How To Make The Most Out Of Your Travel Finances

January 26, 2016 2:44 pm0 comments
How To Make The Most Out Of Your Travel Finances

By : John J. Stone *** Even setting up a budget for your holiday trip can be an exciting beginning of your adventure. Well maybe, it’s more interesting than exciting and nevertheless an extremely important part. Some people simply like to pack their bags, bring a Visa card and go crazy. This might sound fun to some, but being a responsible adult has its perks and its disadvantages. It also means that you have to arrange your funds in an appropriate manner. But that doesn’t mean that you can’t have fun on your trip!

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Keeping Track Of Your Personal Finances

November 25, 2015 12:01 am0 comments
Keeping Track Of Your Personal Finances

By : John J. Stone *** Keeping track of your personal finances is much harder than you think. People who spend more than they earn, fall into debt quickly. When debts and interests start taking over your earnings, bankruptcy is much closer than you think. That’s why tracking your personal finances is so useful. Although it requires certain amount of time and discipline it pays off big time in the end of the month.

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The Best Cloud-Based Accounting Tools For Small Businesses

March 15, 2015 3:47 pm0 comments
The Best Cloud-Based Accounting Tools For Small Businesses

By : Dan Radak *** Bookkeeping without a ton of papers, an expensive accountant, and a load of confusion? Believe it or not, it is quite possible … especially if you are a small business owner and with the emergence of today’s cloud-based accounting software. You can save hours and hours of complicated reports. Instead of being swamped with piled up numbers, balancing revenues with expenses, and figuring out how much to pay whom and how much to pay to the state, the right accounting solution can capture the work for you.

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Top 5 Bookkeeping Tips To Get Your Books In Shape

November 13, 2013 7:59 pm1 comment
Top 5 Bookkeeping Tips To Get Your Books In Shape

Every business, no matter how large or small, is required by law to ‘keep books’. Bookkeeping involves the recording of the financial transactions of your business, whether manually into ledgers or by entering everything onto a computer. Hence, you need to learn some bookkeeping secrets that will help your bookkeepers to become well organized and methodical.

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Correcting A Negative Cash Flow

November 7, 2013 10:39 pm1 comment
Correcting A Negative Cash Flow

Your business might be heading towards bankruptcy if it has a negative balance on its ‘Net Change’ section of its cash flow statement. Immediate attention is required as failing to correct this negative trend will inevitably cause your business to run out of money.

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How To Interpret And Learn From Financial Statements

August 11, 2013 5:15 pm0 comments
How To Interpret And Learn From Financial Statements

Financial statements are a useful tool for judging the health of a company, and for comparing it to its competitors. They show what the company owns and owes, the profits or loses it has made over a given period, and how financial position has changed since the last statement. Generally, if you can tell which direction a company is heading in, you can also estimate future stock prices with some accuracy.

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3 Things You Must Provide Your Accountant For Maximum Benefit

July 24, 2013 10:15 am0 comments
3 Things You Must Provide Your Accountant For Maximum Benefit

By : Carys Faulkener *** Most business owners don’t have the know-how, time, or inclination to sort out their own books and taxes – that’s why they hire accountants. Nonetheless, even if you pay someone to help with your accounts, it doesn’t mean you can shirk all responsibility for keeping on top of the bookkeeping nor expect your accountant to do all the legwork. You can save yourself money and your accountant time by learning what information they will require when sorting out your tax return and those all-important end of year finances.

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The Role Of Your Accountant

June 27, 2013 11:10 pm0 comments
The Role Of Your Accountant

Many people are confused about the purpose of accountants considering the accounting and tax software programs that are already available to businesses. Accountants are paid for their services, through corporate salaries or professional fees. To get the biggest benefit for the fees you pay, you need to understand what your accountant can do for your business.

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What are Debits and Credits?

May 8, 2013 12:06 pm0 comments
What are Debits and Credits?

They may sound like foreign languages to you … but in fact, “debits” and “credits” originated from their original Latin words, “debere” and “credere”. Debit comes from “debere”, which means “to owe”. Credit comes from “credere”, which means “to believe”. Hence, in accounting language, debit is abbreviated “Dr” while credit is abbreviated “Cr”.

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What’s Accounting About?

April 30, 2013 6:28 pm0 comments
What’s Accounting About?

It is not just about mathematics, it is more than counting business. Accounting is “keeping score” … it is about “tracking stuff”.  What score?  What [...]

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