Remove accounting terms Remove bookkeeping Remove business accounting
article thumbnail

How to Make Sense of Your Small Business Financial Reports

MazumaBusinessAccounting

Even though we’re accountants, we get that financial reports aren’t at the top of every small business owner’s to do list. Most small businesses run on slim budgets and personnel staff of one or just a few. If you’ve got a bookkeeper or an accountant on hand – ask them.

article thumbnail

What Are Costs of Goods Sold?

MazumaBusinessAccounting

We often get asked to explain the ins and outs of financial reports and have found that providing our favorite clients with a working knowledge of accounting terms is helpful. You may have even heard your bookkeeper or accountant refer to COGS as the cost of sales or services. What Are Cost of Goods Sold (COGS)?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

ARE ALL ACCOUNTING SERVICES THE SAME?

Basis 365

Basis 365 was created to deliver a unique, outsourced accounting experience to small businesses by providing a virtual accounting department using cloud-based accounting applications. This limits the business's ability to grow as that person will be unable to handle higher-level tasks. WHO CAN ADVISE YOUR BUSINESS?

article thumbnail

Debit vs. Credit in Accounting: What’s the Difference?

xendoo

Also, you probably didn’t realize that opening your own business would require you to become an accountant by default. Accounting is essential for every business, and you get thrown into the deep end when you start a new company. . Without training in this field, accounting terms can feel like a foreign language.

Account 52
article thumbnail

Best business banks of 2023

xendoo

View-only access, wires, and online banking As a baseline, all business banks must have robust technology to support VOA (view-only access), wires, and online statements. You can share view-only access to your bank statements with bookkeepers, accountants, and other trusted financial partners.

article thumbnail

Best business banks of 2023

xendoo

View-only access, wires, and online banking As a baseline, all business banks must have robust technology to support VOA (view-only access), wires, and online statements. You can share view-only access to your bank statements with bookkeepers, accountants, and other trusted financial partners.

article thumbnail

What Is Deferred Revenue? Journal Entry and Examples

xendoo

As a business owner, you may have heard the term deferred revenue before. But, what is deferred revenue and what does it mean for your business accounting? . In accounting, deferred revenue can affect your balance sheet and profit and loss statement. . What is deferred revenue?