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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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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.

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The Dangers of DIY Accounting for your Small Business

Basis 365

Before considering the risks, here are the six greatest dangers to doing your bookkeeping and accounting. For example, you spend approximately $1,000 monthly on bookkeeping and accounting if your time is valued at $75 an hour. Expertise Math and accounting are two of the most challenging subjects at colleges.

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Accrual Accounting vs Cash Accounting: What Is the Difference Between Accrual and Cash Accounting?

Snyder

As a small business owner, making sense of the accounting basics and bookkeeping terminology might be giving you a little bit of a headache. At the same time, being able to successfully maneuver the world of accounting is crucial to the success of your business. What is accrual-basis accounting? Contents: 1.