Basic
Terms and Concepts
- There are a few (and only a few) things you
need to understand in order to make setting up your accounting
system easier. They're basic (trust me), and they will
probably clear up any confusion you may have had in the
past when talking with your CPA or other technical accounting
types.
Basic
Accounting Principles - Which accounting
method is best for your business?
Basic
Bookkeeping Tips - For many small businesses,
the most common bookkeeping errors are also the easiest
to fix. Use these six tips to help keep your business
on sound financial footing.
What
is bookkeeping and can I do it myself? -
Too many businesses see bookkeeping as something they
hire an accountant to do for them just before the final
tax deadline. Instead of using it to run their businesses
more efficiently and cost-effectively, they simply see
is a means of working out their tax bill...
An
Overview of Web-based Bookkeeping Solutions
- Web-based accounting first came on the scene in the
late 1990s as an alternative to desktop accounting. Today
there are myriad solutions to help you manage your books
online, including Bizfinity, eLedger, NetLedger, QuickBooks
for the Web and ePeachtree.
Four
Basic Rules for Small-Business Bookkeeping
- When you run your own business, keeping your books up-to-date
is essential. One missed entry could mean disaster. These
tips can help keep you on track.
Automating
Your Bookkeeping System - A good automated
system should meet your needs and requirements. A computer
should never force you to change the way you do things,
but merely automate the process and make it easier.
Why
accounting software is a must-have for most businesses
- Basic small-business software programs have gotten relatively
inexpensive and easy to use that there's really no question
that you need accounting software in your business today.
The
Basics of Money Management - Before you start
making money, you've got to figure out how you're going
to accept payments, establish payment and credit terms,
and manage your finances. This how-to will help.
Cash
vs. Accrual Accounting - Cash or accrual?
All small businesses need to choose one of these methods
of accounting.
Understanding
the Basic Elements of Accounting - Probably
the first thing you think of is that accountants keep
the books — they keep the records of the financial
activities of the business. But accountants perform other
very critical, but less well-known, functions in a business.
Business
Balance Sheet & Escrow Loans - Learn
to think about money the way a banker does - as a bookkeeping
entry - and get your balance sheet to work for you.
Basic
Accounting General Ledger
- The general ledger is the core of your company’s financial
records.
The
Accounting System and Accounting Basics -
Before you can set up your accounting records, dive into
your day-to-day transactions, and get your books ready
for end-of-month or end-of-year reporting, you must gain
an understanding of basic accounting concepts.
The
Language of Accounting - My guess is that
once you see how to set up an efficient accounting system
for your small business-one that really does contribute
to overall profitability-you'll convert yourself.
How
to Record Daily Transactions - (Business
Owner's Toolkit) - In order to take control of your financial
recordkeeping, you must accurately record your day-to-day
sales, purchases, and other transactions.
Closing
the Books - When you reach the end of an
accounting period, you need to "close the books."
What
in the world is a balance sheet?
- Put aside your innate fear of all things accounting
and use the following simple equation: Assets = Liabilities
+ Equity.
Basic
Business: Good Record Keeping - Here is a
quick, crash course on basic record keeping.
Commonsense
Tips on Keeping Business Records - Running
a successful business entails keeping accurate and timely
financial information
Components
of the Accounting System - Think of the accounting
system as a wheel whose hub is the general ledger (G/L).
Feeding the hub information are the spokes of the wheel.
.
Basic
Bookkeeping Tutorial - A very general basic
bookkeeping tutorial.
Add
an Accountant to Your Business Team - Let
an accountant handle your complex finances so you can
concentrate on building your business.
