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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

    Keep Your Finances In Order: 3 Reasons Your Business Needs An Accountant
    If you own a business, but you don't have an accountant on staff, you're missing out on a vital part of the team. You may not realize this, but hiring an accountant on staff is one of the best things you can do for your business. Before you decide to continue handling the accounting duties by yourself, take a look at the list below. This is a list of benefits you'll receive when you hire an accountant for your business.

    What You Can Do During Medicare Open Enrollment
    Medicare open enrollment comes around once a year, in the fall. During Medicare open enrollment, individuals who are already enrolled in a Medicare health plan can review and make changes to their coverage. This is the one time a year where you can really make changes if you are not happy with your current health care coverage. There are specific things that you can do during the open enrollment period.

    4 Ways A Business Accounting Service Can Help Your Business Grow
    As your business expands, your accounting needs are going to expand as well. A highly-skilled accounting service can help you with the necessaries that you need to get done, like payroll and sales tax, and can help you with additional business tasks that will help your business grow, such as income statements and custom financial reports. # 1 Taking Care of Payroll To start with, a business accounting service can relieve you of the everyday task of completing payroll.

    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.