3 Types of Accounting: A Guide to Financial, Managerial, and Cost Accounting
Accounting is divided into several sections, but for small business owners, there are three types that are necessary to generate financial i
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- Mar 18, 2022
- 8 min
Construction Billing Methods: Never Waiting on Unpaid Billing
When a small construction company does not get its payables, it is more vulnerable to damage than a large company with large cash reserves.
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- Jun 28, 2021
- 4 min
PPP Loan Forgiveness: How To Track Expenses for Maximum PPP Loan Forgiveness
There are many small businesses that are getting PPP loans. Besides, there are even more businesses that are lining up to receive funds in the second round. If you have applied for this loan or are considering it, remember, the purpose of this loan is to save jobs! It’s important to make sure that if you get money on the loan, you track the amount correctly. Thus, there can be loan forgiveness for this type. Disbursement compliance is essential. Do not spend this money withou
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- Jun 18, 2021
- 4 min
How To Small Cut In Costs For A Business To Save Big
For every small business owner, cutting down costs to optimize profit is a complicated decision. Because cutting costs sometimes might trigger greater consequences than spending. Therefore, how to cut costs effectively is what businesses should consider. More specifically, cutting costs cannot take place simultaneously, anytime, anywhere, but it is necessary to clearly define which cost needs to be reduced and to what extent is reasonable. Only then the cost reduction could b
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- Mar 19, 2021
- 3 min
What Does Reconciling Account Mean in Accounting?
When your business needs to prove or record its account balance, this is called reconciliation accounting. In all the activities that drive
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- Mar 10, 2021
- 5 min
8 Tips for a First-Time Business Owner
The newly established enterprises face many risks, negligence, and mistakes. No matter how much experience you have as a business owner, you will likely run into problems at some point. According to Mike Michalowicz, a small business expert, the key to success lies in recognizing mistakes quickly, learning from them, and avoiding the same mistakes from happening again. Most small business owners fall into the same trap. Starting your first business is a thrilling venture and
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- Jan 19, 2021
- 2 min
How To Write Off An Invoice in QuickBooks Online?
QuickBooks Online – on the other hand – will not allow you to use the Allowance for Doubtful Account.
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- Jan 15, 2021
- 2 min
Which Apps Help Record Multiple Channels Into Quickbooks?
Apps help eCommerce companies, retailers and accountants automate bookkeeping. Making it possible to reduce manual effort, eliminate errors, and boost your productivity. Closing your books every month will be a breeze and you will have visibility into your performance so you can spend more time focused on what you want to actually do: growing your business. Every transaction detail can be recorded within QuickBooks. Apps will sync your online sales to the respective clearing
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- Jan 10, 2021
- 2 min
2021 Tax preparation checklist for U.S Small Business
Preparing your tax return is an important step at this point.
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- Jan 5, 2021
- 2 min
Law Firm Accounting: 4 Common Legal Accounting Mistakes
In legal accounting, all cases expenses are not treated the same. It is important to ensure that every item billed is tracked
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- Dec 28, 2020
- 2 min
What Are Fixed Assets? How To Track Fixed Assets In Quickbooks
A fixed asset is a long-term tangible piece of property or equipment.
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- Dec 27, 2020
- 3 min
Why Should Business Owners Consider Getting Into Multi-Channel?
A major benefit that multi-channel gives to any retailers. With the outstanding advantage of not being limited in space and time
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