Year-End Accounting: 5 Things You Need to Discuss with Your Accountant Now
Just because the tempo of business is beginning to slow with the approaching holidays and end-of-year festivities, your business planning shouldn’t take a holiday. The key to that planning is having...
View ArticleChoosing an Accountant: Advice from Small Business Owners
Tax season is coming — so if you don’t already have an accountant, now might be the time to consider hiring one. But what are the most important qualities to consider when hiring an accountant? As a...
View ArticleHow to Use Accounting as Strategy
Dear Jeff, I’m starting a business and I know very little accounting. Does it make a difference which type of inventory accounting method I use? Or does it all work out the same? – Name withheld by...
View Article5 Apps That Make QuickBooks Better
You’re likely familiar with the Apple App Store, Google Play, and the Windows Store, but what about the Intuit App Center? Probably not on your radar. But maybe it should be. There you’ll find nearly...
View ArticleHow to Read a Balance Sheet
Even though the income statement normally attracts the most attention from investors, the balance sheet is the true starting point for understanding a company’s financial position. It shows how much...
View ArticleTips for Calculating Your Gross Margin
Ignore your financial statement, and you effectively ignore the health of your company. A good manager should be able to deftly use the gross margin to understand which areas of the company are...
View Article5 Tips for Forecasting and Maintaining Cash Flow
It’s time to go through expenses with a fine-toothed comb, cutting any leakage to maximize cash flow. Experts say comb and repeat. “It’s not necessarily the big hole that’ll sink a ship; that one you...
View ArticleHow to Perform a Break-Even Analysis
A break-even analysis is a key part of any good business plan. It can also be helpful even before you decide to write a business plan, when you’re trying to figure out if an idea is worth pursuing....
View ArticleKeeping Your Company Healthy
I’ve been thinking a lot about balance sheets recently, and not just because of our never-ending federal debt problem. I’ve been watching a friend of mine—let’s call him Tony—struggle to save his...
View ArticleBookkeeping and Accounting Basics
Bookkeeping and accounting share two basic goals: to keep track of your income and expenses, thereby improving your chances of making a profit to collect the necessary financial information about...
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