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Accounting & Business Article Category 

Accounting & Business Article Category
Articles about or concerning Accounting Software, Accounts Receivable Management, Bookkeeping, Quick Books, LIFO, Financial Statements, Depreciation, Accrual Basis Accounting, Cash Basis Accounting, CPA, General Ledger.
Latest Articles

Real Estate Accounting Is A Shining Armor For The Accounting Industry

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 Alvis Brazma (January 04, 2008)  Accounting is an integral part of any organization; whether it is a regular industry or a specialist, all of them need good and knowledgeable bookkeepers. And real estate is no different from the other sectors; in fact, it is lately becoming one of the most powerful revenue getter for the government in the United States. Another reason why this sector needs efficient accountants is that . (Accounting)

An Ideal Online Expense Application - Part II

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 Pavan M Kumar (January 03, 2008)  Usually, a company does different kinds of transactions with its employees, who visit different places to do specific tasks on behalf of the company. If an employee is allowed to submit the bills only after his/her entire trip is over, not only does this make the employee frustrated but this kind of transaction can put the employee in cash-starved position. What keeps the employee happy . (Accounting)

Accounting Outsourcing Services - Keep a Track of Your Account

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 Michelle Barkley (January 03, 2008)  One starts a business to make profit. In the initial stage, a person invests a small amount in his business but when his business spreads far and wide, his investment increases. Big or small, every company requires an accountant to manage the finance. To maintain the accounts of any company is a very big job because the person will not be handling only one or two penny but a large sum. .. (Accounting)

Accounting Software - How It Can Benefit You

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 Helen Cox (January 02, 2008)  Whether you are a new or well established business, maintaining your accounts can be a challenging job for any business. When it comes to accounts, many businesses entrust everything to an account. However by using an accounting software package as well you can save money and time that could be spent productively on other aspects of your business. Choosing the right package however to .. (Accounting)

An Ideal Online Expense Application - Part I

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 Pavan M Kumar (January 02, 2008)  Sometimes, spending money also becomes a part of a job. Depending upon the job position, the company may ask the employee to visit a particular client or a certain place expecting that something beneficial would be done to the company from the visit. He/she will be given a credit-card on behalf of the company, which can be used for all the expenses made during the trip. While some .. (Accounting)

Invoice Discounting - What Can It Do For My Business?

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 Peter Rufus (December 28, 2007)  A growing number of businesses are experiencing issues with their cash flow because of late payment of invoices by customers and, as a result, have been turning to invoice discounting as a flexible and economic solution. What is Invoice Discounting? A comprehensive funding facility that has been designed specifically to release the cash tied up in your sales ledger and needing a .. (Accounting)

Give Your Cash Flow A Helping Hand With Invoice Discounting Or Factoring!

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 Peter Rufus (December 27, 2007)  Give your cash flow a helping hand with Invoice Discounting or Factoring! For most business managing the cash flow is a full time job. Invoicing customers and clients is usually very time consuming and chasing payment can be very hard work. When working on a separate set of payment terms to those of your customers, your services may not be paid for as long as up to 90 days. These terms . (Accounting)

Legal Fees - When Are They Deductible?

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 Thomas M. Feeley (December 27, 2007)  The tax law does not specifically mention legal fees as deductible items. Therefore, the deductibility of such expenditures depends on the context in which they are incurred. The absence of specific provisions for legal fees in the Code has resulted in many interesting and important developments concerning their deductibility. Trade or Business Legal and Professional Fees Fees Must Be .. (Accounting)

What Is Remote Deposit Capture - And How Does Remote Deposit Capture Work?

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 Jim Magers (December 26, 2007)  Remote deposit capture helps make a business owner's receivables process more efficient by utilizing an inexpensive check scanning device to make electronic deposits of money orders and checks to their financial institution. This process eliminates the need to make frequent trips to the bank to make daily deposits, while at the same time saving the bank time and effort involved to .. (Accounting)

What Is Depreciation And Amortization?

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 Easwar Koovappadi (December 25, 2007)  One of the fundamental accounting principles is matching revenue with cost in any period. This is relatively simpler while dealing with items in cost of goods sold, such as purchase of raw materials, supplies, and cost incurred in conversion to finished goods for sale etc. But this becomes more complex while dealing with assets that have longer lives. There are two different types of .. (Accounting)

Are There Any Choices Within The Framework Of GAAP?

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 Easwar Koovappadi (December 25, 2007)  Impact of choosing alternative accounting methods: Although GAAP is generally accepted accounting principles that have been codified over a period of time; there are some alternative choices for accounting treatment of different items. The largest cost in any enterprise is the cost of goods sold usually accounting for about 70% of the sales revenue, although the exact number may vary .. (Accounting)

How To Read Financial Statements?

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 Easwar Koovappadi (December 25, 2007)  Every business has several stakeholders. All stakeholders depend on the financial statements to provide them appropriate information for their needs. They will assume in most cases, that the financial statements are prepared in accordance with generally accepted accounting principles and that the same have been followed consistently from year to year. The Financial statements should .. (Accounting)

How To Read An Income Statement?

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 Easwar Koovappadi (December 25, 2007)  Understanding Financial Statements. The term financial statements refer to a complete set of statements that include an income statement, a balance sheet and a cash flow statement. The Income statement (sometimes also called the Profit and Loss statement or P & L accounts) reflects the profit performance of a business. This statement summarizes sales revenue and expenses and reports . (Accounting)

Accounting Outsourcing Takes You a Step Ahead

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 Michelle Barkley (December 21, 2007)  Accounting or bookkeeping is one of the most crucial aspects of any business. Whatever the size of the business is, accuracy of the accounting books is very important. A known fact is that it is the accounts department of a business that has the capability of deciding the stand of the business in the market and giving the business the status of a profit-making firm or a loss-making .. (Accounting)

Bookkeeping

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 Jonathon Hardcastle (December 20, 2007)  Bookkeeping is an essential skill which must be mastered before running a business of your own. It is not only important for tax returns and calculating the overall tax liability of your business each year, but it is also imperative for cash flow analysis and financial forecasting. You can employ an accountant to do the job for you, although this is going to be an expensive choice. It .. (Accounting)

See Your Business Excel With Accounting Help

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 Alvis Brazma (December 18, 2007)  A known fact in the corporate or the business world is that the accountancy department of any firm or organization is the most vital department. When a business is set up, the person setting up the business thinks about the profits that the firm might make in the future. A successfully running business thinks about making more profits, so that the horizon can be further expanded and the . (Accounting)

Why Conventional Financial Statements Do Not Answer All Questions?

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 Easwar Koovappadi (December 18, 2007)  An integrated understanding all of all the three components of a financial statement - Income statement, Balance sheet and a Cash flow statement is required to understand the operations of any business. The income statement reports the Profit or Loss for a period. The balance Sheet reports on the financial position of the business at any time; what the business owns and what it owes. .. (Accounting)

Check Out What A Cash Flow Statement Does Not Tell You

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 Easwar Koovappadi (December 18, 2007)  Cash flow statements alone do not tell you the whole story. Just knowing that cash has increased or decreased by X dollars does not tell us the whole story. Inflows and outflows are the results of various changes in the business, inflows from sales, capital invested, borrowings etc. Cash outflows result from payments being made for purchase of raw materials for manufacture, payroll and .. (Accounting)

Spend Your Profit on Your Business

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 Lisa Page (December 17, 2007)  Businesses go under or go bankrupt, because of poor management and poor mapped out goals. You need to have a clear set of daily goals. Management should be in charge of making sure each set of goals is achieved. If management falls behind, so does the business. Another thing I see; is when a business first starts out and the owner is paying them self a huge chunk of change, but puts .. (Accounting)

Earn More With The Help Of Small Business Accounting

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 Alvis Brazma (December 14, 2007)  Handling accounts of any business is a Herculean task and requires quite a lot of expertise on the part of any accountant or bookkeeper. Due to the lack of time and hurry, many big or small organizations are approaching small business accounting firms, as these are more capable and also offer perfect solutions to any firm's accounting woes. Moreover, these firms are being preferred upon . (Accounting)

What Is GGAP And Why Is It So Important?

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 Easwar Koovappadi (December 13, 2007)  GAAP is an acronym for generally accepted accounting principles. Financial statements are usually prepared in accordance with generally accepted accounting principles that have been codified over a period of time. It is the responsibility of the management to prepare the financial statements. CPA will verify that it is in fact prepared in accordance with GAAP and issue a report with .. (Accounting)

How To Read Financial Statements - Understanding Cash Flows

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 Easwar Koovappadi (December 13, 2007)  Cash flows , both inflows and outflows are the heartbeat of any business. Various groups of people focus on this. Lenders and investors, business managers and last but not the least, investors. More businesses have failed not due to a lack of profitability but due to a lack of cash. Cash is needed for the day to day operations of a business such as purchasing raw materials, paying .. (Accounting)

Keep On Growing With Systematic Small Business Accounting

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 Alvis Brazma (September 05, 2007)  Money market is at boom these days and according to market experts it is the best time to step in to a new business. People who are willing to be a part of this huge money market by establishing their business are moving ahead as there are brighter future prospects. Starting with a small business is a sensible decision as risk factor is less effective here. The crucial factor that plays . (Accounting)

Accounting Outsourcing Services - Get Focused On Highly Profitable Ventures

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 Alvis Brazma (September 01, 2007)  Business owners of booming business organizations know that in order to make their business successful, a great deal of time, endeavor and wherewithal needed to accomplish all day to day tasks. Every task from marketing and sales to financial record keeping must go well as each section is essential for success of business. Be it a small company or a corporation, every business has .. (Accounting)

Small Business Accounting Services Simplifies Your Business Processes

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 Alvis Brazma (August 31, 2007)  Any business irrespective of size has different requirements and business strategies for the management of its businesses. Whether it is a small, medium or a large scale business, its sole purpose is to make more profits and less losses. And to add to that handling accounts, transactions and other financial details is not and easy task but with the services of small business accounting .. (Accounting)

Retail Accounting - Get A Professional Approach

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 Alvis Brazma (August 23, 2007)  Retail shop is the place, which keeps on doing business activities from the moment of opening until closing. Due to fast business activities and instant transactions, it becomes very difficult to monitor and maintain all transaction. In such situation, possibility of occurring mistakes increases and that creates problem in future when inventory do not support transactions. For such shop . (Accounting)

Safeguarding Tax and Financial Records

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 Christopher Anderson (August 09, 2007)  The IRS recently published a newswire urging people to safeguard their records. IRS Acting Commissioner, Kevin M. Brown stated, “With forecasts calling for an active Atlantic hurricane season, the IRS encourages taxpayers to protect tax and financial documents that can be hard to replace. " (Newswire dated June 1, 2007) Actually whether or not you live in a hurricane area, there .. (Accounting)

Planning an Business Trip

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 Christopher Anderson (August 09, 2007)  For Business Owners, a business trip can be a valuable tool and tax deduction. Typically however, the business owner gets to tax time and finds out there is a big tax liability due. Then the wheels start turning. “What other deductions have I missed? Oh yes, the family vacation!" Thoughts turn to the family vacation and how it could possibly be construed to be a business trip. .. (Accounting)

Accounting Outsourcing Eases Your Responsibility

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 Michelle Barkley (August 02, 2007)  The multidimensional aspects of any business, whether big or small can be overwhelming for most business owners and senior management. Ensuring that every department of the organization runs smoothly with sufficient input of resources both human and financial requires much time, energy and careful planning. In order to lighten the burden of business enterprises more and more .. (Accounting)

New Jersey Bookkeeping Helps In Easing Out The Process Of Bookkeeping

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 Peter Terry (August 02, 2007)  Running a business successfully is a dream for every business owner. Running a business is not a child’s play and it requires a lot of expertise on the part of the business owner and definitely even on the part of the people who work in the organization. In fact, a business, however big or small it is, is known by the profits and losses that they incur. Maintaining the accounts of . (Accounting)

New York Accounting Firm Lets You Relax

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 Peter Terry (July 24, 2007)  Running a successful business is not at all an easy task and it is a known fact that running a successful business takes in a lot of effort and a lot of expertise. At the same time, another known fact is that the accounts department of any firm, large scale or small scale is the most important and the most sorted after department. Going through all the financial records of an .. (Accounting)

Read Through Small Business Accounting Software Reviews!

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 Francisco Segurata (July 23, 2007)  It is true that there is more than what meets the eyes in a small business accounting software review. It is also true that there is large number of small business accounting software doing the round in the market. It is also doubly true that many of them promise the sky and deliver not even the clouds. So how do you get to know the right software from the wrong one? How do you separate . (Accounting)

Solve All Your Problems With Accounting New York

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 Peter Terry (July 19, 2007)  It is a known fact that accounting or bookkeeping is one of the most tedious, time consuming and one of the important aspects of a business, and the business can be a small scale business as well as a large scale business. Accounting is not an easy task and it requires a lot of expertise on the part of the accountant or the person who will be managing the accounts of the company. And if . (Accounting)

Five Accounting Tips for Your Small Business

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 Jayson Cardwell (July 10, 2007)  Tip #1: Keep it Separated Too many business owners mix and mingle their personal and professional finances. Even if you are a sole proprietor keep you business business, and your personal personal. Set up separate checking accounts and if you need some funds from your small business, write yourself a check, or make a cash withdrawal. This will help come tax time when you need to .. (Accounting)

4 Benefits of Using QuickBooks for Your Small Business

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 Linda J Bruton (June 29, 2007)  Starting and running a small business is full of challenges, and one of the biggest challenges is dealing with the finances of the business. No doubt people have recommended to you a variety of different types of software to help you with your bookkeeping, but you want to be sure that you pick the software that will be the most beneficial to you. QuickBooks is one of the best .. (Accounting)

Budgetting Tips For New Daycare Businesses

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 Seraphina Tan (June 21, 2007)  Many new businesses owners shun budgeting because they are unsure about what sort of cost to budget for. This article will shed some light on the type of cost a new daycare business owner is likely to incur. You’ve drawn up your business plan, decided on your marketing plan and even detailed your operations plan. Now you need to sit down to calculate how much money you will .. (Accounting)

Using Free Online Bookkeeping Courses In Your Home Business

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 Dean Iggo (June 15, 2007)  Here's something on the internet that's a godsend: free online bookkeeping courses. Do you think bookkeeping is confusing? If you're like me, you can balance a checkbook or household budget just fine, but when you start trying to figure out assets and liabilities, it gets confusing. It might be easier if they used minus signs instead of parentheses to indicate negative amounts. Or if .. (Accounting)




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