Depreciation of fixed assets is a crucial process that businesses undertake to gradually reduce the recorded cost of their fixed assets over time. Fixed assets such as buildings, furniture, and office equipment can be depreciated, with the exception of land…. Read More
Posts Tagged ‘business finances’
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Why is QuickBooks the Best Bookkeeping Software for Small Businesses?
QuickBooks bookkeeping software is the ideal solution for small business owners who are looking to streamline their administrative tasks and improve their financial management. With QuickBooks bookkeeping software, small businesses can save time and reduce costs by automating tasks such… Read More
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What’s the Difference Between Amortization and Depreciation?
If a company acquires assets like company vehicles, corporate headquarters, or patents, these assets are expected to provide benefits to the company over an extended period rather than just in the period they are acquired. To reflect this expected value… Read More
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The 3 Types of Financial Statements For Small Businesses
For small business owners, keeping a close eye on the health of their business is the key to long-term success. Especially for first-time business owners who have decided to jump in head-first, it can be very difficult and overwhelming once… Read More
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Every Startup Should Have a Professional Bookkeeper
Lots of people dream of starting their own business and being their own boss. In most cases, the amount of work that goes into it is so much greater than most people imagine. In addition to the actual work that… Read More
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Financial Metrics Every Small Business Owner Should Track
Owning a business is a lot of work. In addition to the actual work that your business does – selling, landscaping, fixing, treating, etc. – you also have to do all of the tasks of a business manager. And of… Read More
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What Payroll Schedule is Right for Your Business?
When you’re running a small business, the payroll schedule might not be your first concern, but it is critical to carefully consider the different schedules available and choose the one that works best for you, your business, and your employees…. Read More
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The Importance of Forecasting Your Small Business
Forecasting any business is vital. However, many small companies don’t partake in this process. Business owners tend to the logistics of running their company and solving issues. Therefore, forecasting a small business can be challenging, if not seemingly impossible. When… Read More
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Tax Tips: Claiming Travel Expenses
When you need to travel for business, it can be difficult to determine which expenses you can claim on your taxes. It’s important to do your research by checking out the official IRS website for rules and guidelines, but you… Read More
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How a CPA Saves Your Business Money
Most small businesses, and large businesses too, are usually looking for ways to cut costs and improve profit margins. While it seems counterintuitive, often, hiring an outside vendor for a process can actually help you cut your costs overall. Yes,… Read More