Balancing your budget is an important element of bookkeeping and helps you see how you are spending your money. It can even help you figure out where you can cut back on certain expenses. Whether you are working on a budget for a personal or a business account, use the following tips to keep it […]
Since most bills can now be paid online, a lot of people no longer have a need for a physical checkbook. Keep reading to learn how you can keep an eye on your money without writing down all of your expenses inside a ledger: Rely on Technological Help Since most of your financial transactions are […]
Analyzing financial statements is important for companies of all sizes. This process gives companies a look at how they compare to the competition and how the current year compares to previous years. Read this guide for a brief overview of the different methods accountants use to analyze financial statements for businesses. Trend Analysis This type […]
If you are starting a business, you need to learn how to manage an employee payroll system. Bookkeeping responsibilities can be overwhelming at first, but doing some research can help you understand the process and figure out what steps to take next. Understand Payroll Responsibilities Before you set up your employee payroll system, it is […]
Today, you can start a new business with relatively low overhead and startup costs, especially if you choose an online business model. In addition, you can begin marketing your new business on your own through social media platforms and word of mouth marketing. Even though beginning and marketing a new business has become easier, there […]
Whether you’re an independent contractor or a growing company, your everyday business administration needs to include managing accounts payable. This means tracking exactly where your business owes money to its suppliers. If you are a new business owner, you can usually manage your accounts payable with a simple spreadsheet, but your bookkeeping process will become […]
When it comes to filing taxes, many businesses are disorganized and unprepared. As the 2014 tax season approaches, it’s important for every Tucson business to prepare its tax return, balance its books, and create detailed reports on project cost matters. Even though working with an accountant is the best way for a business to ensure […]
The government doesn’t actually tax every cent you make during the year. Instead, your individual taxes are based only on your taxable income, which is your gross income minus allowable personal exemptions and deductions. When you file your taxes, you can use the individual forms 1040EZ and 1040A to help you calculate the smallest level […]
Accounting is a more dynamic field than many imagine, and businesses accountants do much more than simply perform mathematical calculations. While the field is diverse, there are a few traits good accountants share. Here are a few of the attributes that help shape a good business accountant. Broad Knowledge Being an accountant demands a broad […]
If you have some flexibility on where to start your new business, Arizona is a great choice. Although they are many reasons to start your business here, here are a few of the best: Stable Client Base Arizona has a large population of stable families. This often means that homes have two incomes and are […]