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Understanding Accounts Receivable (AR): Accounting Basics You Need to Know

Snyder

However big or small your business is, you’re familiar with the notions of accounts receivable and accounts payable as integral parts of accounting. But if you’re a business owner trying to make sense of your finances, it’s good to master the basics. What is accounts receivable (AR)? Let’s dive in! Contents: 1.

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Business Bank Account Basics for Skagit County Business Owners

SkagitCountyTaxServices

For my missive today, I thought I might reorient your focus around the most important components of your business’s financial fortress – your banking partner and your business bank account. Here’s what you can expect when you look for your first business bank account. Let’s talk about it. Separate but not equal.

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

But the most important aspect of any business is accounting. All small business owners need to be familiar with basic accounting and bookkeeping, as it gives them a clear picture of the state of their finances, allows them to make informed business decisions, and lets them react to any adverse changes faster. What is accounting?

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Accounting Basics for Small Business: A Simple Guide

Snyder

However, delegating doesn’t mean staying out of the loop completely, especially when it comes to business finances, primarily accounting. Accounting is the language of numbers. What is small business accounting? Basic steps in accounting for small businesses. Open a business bank account. Contents: 1.

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Sales Tax Accounting Basics [+ Journal Entry for Sales Tax Examples] 

Patriot Software

But, how do you record these tax collections and payments in your accounting books? Sales tax accounting. You should understand accounting for sales tax to maintain organized and accurate […] READ MORE. When you sell goods to customers, you likely collect and remit sales tax to the government.

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Start The New Year With These Outsourced Accounting Basics

AccountingDepartment

As you start the new year and continue to seek ways to make this year better than last, it’s time to take another look at outsourced accounting services. Outsourced accounting and bookkeeping solutions help businesses across all industries save time and money. Here’s an overview of how outsourcing helps and the benefits it provides.

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Accounting Basics for Small Business Owners [By a CPA]

LyfeAccounting

?. As Warren Buffet says, accounting is the language of business. He and other savvy business owners use accounting to make investment decisions and decisions to grow the businesses they invest in. But interestingly enough, many small businesses often neglect their accounting until tax time, or don’t do it all. Look, I get it.