Job order costing vs process costing
Job order costing and process costing are two distinct methods used in accounting and cost management to allocate costs to products or services. They...
Tips on tax reduction for businesses
Reducing taxes for your business legally and ethically is a sound financial strategy that can increase your profitability and cash flow. Here are some...
Guide to Tax Returns for Small Business Owners
Tax season may come as a challenge if you're a small business owner and most will find it to be such a headache. If this is your first tax season, you...
Three Helpful Invoicing Tips for Business Owners
Invoicing is a common difficulty for small businesses, especially when they first start out. Late invoices can drain cash flow and reduce profit margi...
Starting a business in 17 steps
Taking on that daring leap from an idea to starting a business takes courage and determination. It's a big risk and can certainly be overwhelming but...
Accounting Terms: Profit VS Profitability
Are they the same? What is the difference between Profitability and Profit? Two accounting terms that every business owner encounters. Although the...
Accounting Basics for Small Businesses
Managing finances can be daunting and time consuming but don't let yourself be overwhelmed by the numbers. Small business owners struggle with this on...
Uses of QuickBooks for Small Business
QuickBooks is an accounting software that helps small businesses manage their income and expenses. Small businesses use it to create invoices, reports...
QuickBooks Online: Journal Entry
Simply put, a Journal Entry is a record of all accounting transactions made by the company and entered in a General Ledger. QuickBooks Online takes in...
Accounting Tips and Tricks
Every transaction you do needs to be recorded; from doing payroll to receiving company investments. This is absolutely crucial a because this keeps yo...