Small Business Accounting, Big Deal

  • Posted by Marketing Intern
  • On February 12, 2015
Recently, much of the news coverage of large corporations is concerned with their accounting practices, or “cooking of the books.” These corporations are now facing public scrutiny for their practice of overstating profits, understating expenses, capitalizing expenditures, and improperly reporting debt. Some of these large corporations are also filing for bankruptcy. These practices have led […]
Read More
 1

Playing the Matching Game

  • Posted by Marketing Intern
  • On February 12, 2015
Small businesses have so much to keep track of that many times tracking inventory is easily overlooked. Many small businesses use the Cost of Goods Sold account to record all purchases of merchandise and never make any adjustments for what merchandise is still on the shelves or in the stock room at the end of […]
Read More
 

Tightening Up on Your Cash Flow

  • Posted by Marketing Intern
  • On February 9, 2015
Today, many small businesses face the daunting task of taming their expenses in slow economic times. Here are some tips to remember that may make tightening up those purse strings a little easier: Be aware of all overtime. Make sure on a daily basis that time is being checked and resources are being utilized efficiently. […]
Read More