Accounting Guides

Guides Principles of Accounting

November 21, 2014

What are Absorbed Costs?

Do you manufacture a product as part of your business? Then you’re going to need to stay informed on the costs involved in the manufacturing process, if you want your…

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Guides Principles of Accounting

November 12, 2014

What are Arrears in Accounting?

"Your account is in arrears." What?!?! That can't be good! What does that mean? Take…

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Guides Principles of Accounting

November 12, 2014

What is a Drawing Account?

If you're doing business as a sole proprietorship or partnership, there will more than likely…

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Applying The Knowledge Guides

November 12, 2014

Invoice Tips: How Not to Follow Up

Following up on an invoice is no easy task. For most folks—especially new business owners—it's…

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Accounting 101 Guides

November 5, 2014

What Is the Difference between a Bookkeeper and an Accountant?

The roles of a bookkeeper and an accountant may overlap, but there are crucial differences between them. If you understand the differences, you can determine how these roles should be…

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Accounting Basics Guides Principles of Accounting

November 3, 2014

What is Working Capital and Why is it Important?

At a high level, working capital is the funds available to your company for use…

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Applying The Knowledge Guides

October 31, 2014

Often Overlooked Business Tax Deductions

If the fiscal year of your business ends with the end of the calendar year, it's not too early to start thinking about tax time, and more specifically, deductions. Business…

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Guides Principles of Accounting

October 28, 2014

Appreciation vs Depreciation

Appreciation and depreciation are fundamental principles to understand for any small business owner. Appreciation logs…

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Applying The Knowledge Guides

October 28, 2014

What are Good Bookkeeping Practices?

Know what will help keep your business running like a beautiful machine? Good bookkeeping practices.…

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Guides Principles of Accounting

October 24, 2014

What is Cost of Goods Sold?

Every business has a product or service to sell. No matter what it is that you're selling—or how much you're selling—you're going to want to get a handle of the…

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