Accounting Software

Accounting Software

Whether you are shopping for accounting software to help budget your business or personal expenses, it may be easier for you to manage all of your finances into a single program that will save you both time and money.  Debits, credits and financial statements may...
Budgeting

Budgeting

Budgets are an area that many would prefer to ignore, but for a business, it is essential! To prepare a through budget, an accountant would begin with a critical analysis of the most recent complete financial performance and position of the business. A review with...
Building Cash Reserves

Building Cash Reserves

How is a small business owner to begin a savings program? Realizing that your business needs to create a savings plan is the beginning step for better management. Building a savings allows for you to plan for future growth and the extra cash can often help a business...
Depreciation

Depreciation

Most business owners have heard the term, but many do not truly understand. However, depreciation is an important component of accounting. Fixed assets are those operating assets that are not for sale or that you may lease or rent. These fixed assets are your...
Making a Profit

Making a Profit

Accountants prepare three of the primary financial statements every business needs. These reports are known as the, Income Statement, Balance Sheet and Statement of Cash Flow. The income statement provides the bottom-line profit or loss for a specified period of the...