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Keeping Track of Revenue

As an accounting major in college, I quickly learned all of the complicated parts of the accounting cycle. I discovered how to input the details of business transactions into a computerized accounting system. At the end of an accounting cycle, such as a month, I became experienced with calculating the revenue for the period. If you’re starting a new business, determining an accurate amount of revenue for each accounting cycle is crucial. You must know how much profit you’re making each accounting period in order to be successful in the long-term. On this blog, you will discover how an experienced accountant can help you keep track of your revenue.

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Keeping Track of Revenue

    4 Ways (Other Than Taxes) An Accountant Can Help Your Small Business

    From being your own boss to living your life-long dream, being a business owner offers many benefits. Unfortunately, owning and operating your own small business can be quite overwhelming, causing you an excessive amount of physical, emotional, and financial stress. Thankfully, accounting services can help. While you probably already know that an accountant can help sort, organize, and file taxes, a CPA can help you manage your small business in other surprising ways.

    3 Bookkeeping Tips Every Self-Publishing Author Needs To Know

    There are just as many authors out in book world these days that take publication into their own hands and self-publish their works instead of working with a formal publishing company. While this gives you more control over what you write and when you write it, as well as how much profit you get to keep, going at this alone will involve something you may have not ever needed: careful attention to bookkeeping.

    5 Reasons You Need An Estate Plan Now

    If you've never taken the time to handle your estate planning needs, now is the time to do so. This can protect you in the future and can also make sure that your wishes are respected. An estate planning attorney will guide you throughout the planning process and can help you create the perfect plan for you. Read on to learn why you should focus on real estate planning now. 

    Key Calculations When Setting Up A Business Budget

    When you're setting up your small business budget, it's important to make sure that you have all of the relevant information that you will need to complete an accurate budget. Here are some of the pieces of data that you need to include in your budget. All Income Sources The first piece of information should be easy to get if you already have an accurate profit and loss statement set up.

    Three Daily Accounting Tasks Every Small Business Owner Needs To Do

    As a small business owner, it is easy to overlook certain components of running a company, such as accounting for your company's financial transactions. However, by skimping on your accounting chores, it is difficult to see how your business is doing. For example, you need to see if your company is turning a profit, which expenses are too high, or what customers or products are not profitable enough. To make keeping your company's books a more manageable chore, try to complete these three accounting tasks on a daily basis.

    Why You Should Hire A Certifed Public Accountant For Your Business

    Are you a new small business owner who has poor financial organizational skills? There are many things that are involved with keeping business finances in order. Neglecting to keep proper records can land you in serious trouble with the government or even in a lawsuit. It is wise for you to hire a certified public accountant to assist with keeping your business finances in order. This article will give you more insight about what an accountant can do for your business.

    Own An In-Home Daycare? You May Qualify For At-Home Office Deduction

    If you own a licensed daycare that you run out of your home, there is a possibility that you qualify for a home office deduction. The rules for a home office deduction, when you own and run a daycare out of your home, are very specific. Here are a few things that you need to know about claiming an at-home office deduction when you run an in-home licensed daycare. Your Taxable Income Will Be Reduced By The Deduction

    Mistakes Businesses Make With Petty Cash

    Creating a strong system for managing petty cash is important because it helps you maintain tight control over your business' financial health. Here are some mistakes that business owners make when working with petty cash, along with tips on how to avoid them.  Not Creating a System If you only do seldom transactions with petty cash, you might not want to spend the time creating a company policy and system for dealing with these small transactions.