article thumbnail

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

Patriot Software

When you sell goods to customers, you likely collect and remit sales tax to the government. And when you purchase products, you typically pay sales tax. But, how do you record these tax collections and payments in your accounting books? Sales tax accounting.

article thumbnail

Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

You essentially become a jack of all trades – from sales, through customer care all the way to marketing. But the most important aspect of any business is accounting. So let’s take a look at how to do basic business accounting, understand what your books tell you, and how to manage them efficiently with helpful software.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Start a Business on Etsy || 20 Tips to Sell on Etsy Successfully

Snyder

There are some important points to remember: Never use the name of an artist who inspired your work as the artist may claim that your sales are a result of their brand. Do they streamline their sales? Additionally, Etsy does allow for the sale of some mass-produced goods that were designed by independent shop owners.

article thumbnail

E-commerce Business Plan: How to Create an Actionable Business Plan for Your E-commerce Business

Snyder

They’re standard and contain many details.They include an executive summary, marketing and sales strategy, financial analysis, and other sections on operations, management, products and services. Outline the schedule for taking your business from the idea to the first sales. Do you have a good command of accounting basics ?

article thumbnail

Finance and Accounting Outsourcing: Benefits for SMBs

Snyder

Accounting has become a general pain point in your workflow and you’re looking for accounting services with expert assistance. Learn about basic accounting for a small business: bookkeeping and accounting basics. Synder is a great example of such smart cloud accounting.