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How Your Business and Bottom Line Can Benefit from Four Bookkeeping Tips Help
Here is a fact of life most people in business might already be familiar with: take action and focus on any and all legal & ethical steps that need to be followed in order to boost profitability....
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Bookkeeping: Single-Entry
When you have a very small business, you are going to find that your best method of bookkeeping will be the single entry method. This works well when you have a low volume of business that you need to...
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Bookkeeping: Double-Entry
One of the oldest and most common styles of account is the double entry bookkeeping method. This process uses a double entry for each transaction that occurs. A credit entry is made for revenue that...
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Bookkeeping: Cash and Accrual Accounting Systems
When it comes to cash and accrual accounting systems, there are plenty of considerations that will come into play. These are the basic bookkeeping elements that will determine the overall success...
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Small Business Accounting Blueprint
There are a lot of different elements that should be considered when you are getting ready to take your business to the next level. Financing is just one of them. In short, before taking your...
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How to Calculate Effective Tax Rates
Knowing your effective tax rate can help you make more profitable business decisions because you’ll know how much of every dollar of sales and pre-tax profits you keep, after you pay income taxes,...
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Expense Reimbursement Boosts The Bottom Line
One of the best ways to make more money and increase your bottom line is to charge your clients for expenses (expense reimbursement). FedEx and UPS charge a fuel surcharge to defray their extra fuel...
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How to Cut Your Taxes with Expense Reimbursements and Mileage Allowance
To cut your business taxes and cut income taxes relating to expense reimbursement and the IRS mileage allowance, follow the tax principle of symmetry. When you receive reimbursement that’s taxable...
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Managing your checkbook tip: tools of the trade
Managing your print and / or online checkbook should be among essential life skills. Some mismanaged checkbook disasters can send you worrying about bouncing checks. And these bounced checks often come...
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Managing your checkbook tip: match entries
Balancing your checkbook in an efficient way is a way to know where all your money goes without too much stress. And proper management of your checking account will allow you to keep track of your...
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