Accounting Archives

Retirement Plans for the Small Business Owner: The Solo 401k

By Ted Jenkin | Jul 29, 2013

Self-Employed individuals and owner-only (and the owner’s spouse) businesses and partnerships can save more for retirement through a 401(k) plan. The Self-Employed 401(k) allows you to take advantage of this increased retirement and tax savings opportunity with a full range of investment options.

You Have to Understand Your Financials

By Jerry Osteryoung | Jul 11, 2013

Every business owner must understand and maintain their financial statements. By being unable to do so, many entrepreneurs get themselves into some major issues on so many fronts.

Why You Should Fire Your Accountant and Use Software Instead

By Killer Startups | Jul 10, 2013

When you start to explore the idea of starting your own business, the one piece of advice that you are going to get more than any other is “Hire an accountant!” You will be flooded with reasons that you need to have an accountant.

The Best Practices for Modern Accounting

By StartInvoicing.com | Jul 1, 2013

Accounting for a business is more complicated than just subtracting your expenses from your revenue. There are so many things to consider and monitor, which makes it a necessity for business owners to take advantage of all of the modern best practices for accounting.

Don’t Lose Profits: Pay Close Attention to Your Financial Documents

By 1800Accountant | Jun 24, 2013

No business is designed to take losses. You would be hard pressed to find a small business owner that is setting out to lose money, and to not end up a successful business. Paying attention to profits can go a long way in helping a business, even if a profit does not seem likely all the time. Below are a few points to keep in mind when managing financial documents.

5 Simple Steps to Get Paid Faster

By StartInvoicing.com | Jun 10, 2013

A receivable cannot be used to help grow or sustain your business until it has been paid. Most reputable companies consistently pay on time; however there are some that just can’t seem to stay on top of it, regardless of their good intentions. This article will give you some powerful tips to help you turn your invoice into a payment quicker, so you can reinvest it back into your company.

Accounting Tips for Seasonal Small Businesses

By 1800Accountant | Jun 6, 2013

Do you run a seasonal small business—one where the bulk of your revenue comes in a few months or even weeks? If you do, chances are you are all too aware of the intense nature of the season—a time when you can’t possibly keep up with the workload. One of the first things that slides during a crush of activity for many small seasonal businesses is accounting.

Using Quickbooks for Property Management

By Linda Dawson | Jun 4, 2013

Running a property management business is no easy task. The good news is that Quickbooks makes accounting for property management businesses fast and painless. To learn more about how you can use Quickbooks to account for all of your property management transactions, keep reading.

5 Essential Components When Planning a Startup Business

By Tyler Tafelsky | Jun 3, 2013

If you’ve been thinking about pursuing your very own startup business, there are a few considerations that you’ll want to keep top of mind. Although these components are not the most exciting aspects of planning a startup, they are essential to ensure the future success and sustainability of your business.

You Must Hire Professional Consultants

By Ted Jenkin | May 30, 2013

Since many new entrepreneurial ventures are often started on a shoestring budget, where you spend your financial resources can be a prickly situation. When is the right time to get yourself legal help? Do you really need an outside person to do your books or can you do it yourself?