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  • Basic Bookkeeping Made Easy  By : Dave Miller
    Don't know your debits from your credits? Here's a quick primer on how basic bookkeeping works and an easy way to understand debits and credits.
  • Accountancy: Where to Find Certified Public Accountants  By : Daniel J Austin
    A Certified Public Accountant, or CPA, can help you make sure that your small business accounting or individual taxes are accurate and complete. Some businesses are small enough, such as home based businesses, that a Certified Public Accountant is not needed for most accounting tasks. However, there are times when a business or individual should use a Certified Public Accountant.
  • Accounting Police: Do They Exist?  By : MMDCOM
    Who created accounting principles? Who sets and revises accounting standards? What if you don’t follow all the rules, do you go to jail? Is there an accounting police force that investigates and arrests violators? It would seem that there must be some regulatory force to make sure that providers of financial statements conform to the rules. There is, up to a point, and here is how it works:
  • Sunk Costs and Loss Aversion  By : Michael Sack Elmaleh
    Cost accounting teaches us to ignore sunk costs. Easier said then done because ignoring sunk costs often entails admitting poor decisions and accepting unrecoverable losses.
  • Small Business Owners Who Manage Cash Flow Well Profit Tremendously  By : Braxton Heitz
    Starting a business is always a tremendous undertaking. It is the most stressful undertaking a person could ever attempt to do. Most new business owners fail to understand that running a business is a complex operation, which will require the business owner/manager to pull many hat tricks to stay afloat. Much of the strain of establishing and running a business is centered on successfully juggling the finances.
  • Proper Bookkeeping Helps An Organisation To Increase Profits, Reduce Taxes And Improve Cash Flow.  By : Bhaskar Thakkar
    In order to summarize the results of a business activity, each financial transaction must be recorded in a bookkeeping system with remove Tax. An entrepreneur has option to employee of bookkeeper in their organization or outsource the whole bookkeeping system to a professional firm. Bookkeepers verify and enter information into journals and ledgers or into a computer.
  • Cost Benefit Analysis-Whether you should outsource your Bookkeeping to Professional Book Keeper.  By : Bhaskar Thakkar
    In order to summarize the results of a business activity, each financial transaction must be recorded in a bookkeeping system. An entrepreneur has option to employee of bookkeeper in their organization or outsource the whole bookkeeping system to a professional firm. This article highlights the cost benefit analysis available with the entrepreneur in relation to maintenance of the books of accounts by a bookkeeper.
  • Quickbooks Tips  By : Kimberly Bagley
    QuickBooks is a great accounting program for home-based businesses to track their income and expenses. It is easy to learn and simple to use. It has a great Help file. You do not need an accounting background to be able to generate reports such as a Profit and Loss and Balance Sheet needed for tax preparation and managing your business. I have listed a few key points to consider when using QuickBooks.

    Cash or Accrual Basis of Accounting? The first step in setting up your c...
  • 5 Reasons Why Recordkeeping Is So Important  By : Kimberly Bagley
    When you decided to start your business, was your first priority concerned with setting up your filing system for recording your expenses? I seriously doubt it. This simple task (yes it is simple) is usually the item that is the last thing on the new business owner’s mind. The more “important” issues of what product to sell, how am I going to advertise, how much money is it going to cost me, and how much money can I make are the first questions we consider when going into bus...
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