Patriot Software
SEPTEMBER 20, 2022
When you sell goods to customers, you likely collect and remit sales tax to the government. And when you purchase products, you typically pay sales tax. But, how do you record these tax collections and payments in your accounting books? Sales tax accounting.
Snyder
JUNE 27, 2022
While the notion of accounts receivable is explained, you must have a clear idea of how the accounts receivable process works. How do I track accounts receivable? When it comes to recording sales that you haven’t received payments for, you have to understand what accrual accounting is.
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LyfeAccounting
OCTOBER 28, 2020
However, eventually, you will be faced with the reality of accounting. In this post, I’m going to simplify the accounting basics for small business owners. By the end of this post, you will know the what, why, and how of accounting. What is Accounting? Like really, what does accounting mean? Quick Recap.
Snyder
JUNE 20, 2022
Each option has its pros and cons, but no matter which option you choose, it’s important to understand how accounting is handled. So let’s proceed to small business accounting basics. Basic steps in accounting for small businesses. Without an accounting or bookkeeping background, this task may seem daunting.
Snyder
JANUARY 3, 2023
You essentially become a jack of all trades – from sales, through customer care all the way to marketing. But the most important aspect of any business is accounting. So let’s take a look at how to do basic business accounting, understand what your books tell you, and how to manage them efficiently with helpful software.
Snyder
MARCH 30, 2023
If you run a business, you know that your sales transactions or payments must be recorded in your books, that’s obvious. Read on to learn more about accrual and cash-based accounting methods. Find out what the rules, benefits, and limitations of each of those methods are and how accounting methods apply in the real world of business.
Cherry Bekaert
JULY 30, 2024
When performing an IPO readiness assessment, we often start with the accounting basics, including analyzing the company’s policies and procedures, chart of accounts structure, most recent draft of financial statements, and trial balance.
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