Tag: Accountant

Accounting Methods – Cash and Accrual

When starting a business, you have to determine the method you are going to use for accounting and paying taxes. The two choices are the cash method and the accrual method. Cash Method If you are looking for simplicity, the cash method is probably… Continue Reading “Accounting Methods – Cash and Accrual”

Stop Thinking Of Your Goals As Resolutions

Did you make a New Year’s Resolution this year? Why not ditch the resolutions this year and make some smart goals you want to reach instead. There are a couple of reasons why resolutions may not work well for you. If they do, great.… Continue Reading “Stop Thinking Of Your Goals As Resolutions”

Keep Them Handy: Budgeting Tools that Work (*2 Min Read)

Budgeting your monthly expenses in order to get the greatest return on your income (and perhaps, even put aside some for saving!) doesn’t have to be extremely hard. Various budgeting programs are available for use. Money management programs provide you with a usual package… Continue Reading “Keep Them Handy: Budgeting Tools that Work (*2 Min Read)”

Managing the Bottom Line

If you don’t keep track of how much money you’re making, you have no idea whether your business is successful or not. You can’t tell how well your marketing is working. And I don’t just mean you should know the amount of your total… Continue Reading “Managing the Bottom Line”

Making a Profit

Accountants are responsible for preparing three primary types of financial statements for a business. The income statement reports the profit-making activities of the business and the bottom-line profit or loss for a specified period. The balance sheets reports the financial position of the business… Continue Reading “Making a Profit”