How are prepaid expenses adjusted on the general ledger?
Prepaid expenses are items that a company has paid for in advance but has not yet consumed or used up. These expenses are initially recorded as assets...
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...
Benefits of a home based business
What is it like when you start operating your business at home? It may just give you a whole new perspective on how to used to view it previously. For...
Small Business Tips: How to spend your Money Wisely
Where should your money go when you operate your business? There's a lot of things for you to consider to keep things running smoothly. As you start e...
Level up your Small Business
Starting a business is great! It's fun, exciting, and can be very promising. Just like any new venture, the thrill can be addicting. All startups b...
Reasons to support your local business
COVID-19 has affected small businesses the most and others had to make the tough and heartbreaking decision to close shop. Bigger companies can take t...
Useful Small Business Tax Tips and Tricks
It's wonderful when you start to manage your own small business. You play the biggest role whenever business decisions are made and you have the chanc...
How to Increase Profits for Small Business
Running a small business is an adventure, and every journey comes with its own set of problems. According to a 2019 "Small Business Credit Survey"...
Common Challenges Small Businesses Face
Small businesses face a variety of problems throughout their initial few years of operation. Some are more difficult to overcome than others, and acco...
Paying Yourself as a Business Owner
The fact that you can pay yourself as a business owner is the most appealing feature of owning a business. You are not reliant on others to run the sh...