How do you record the cost of constructing a new parking lot at the company’s office building? As an asset? Liability? Capital expenditure? I advice you read on to find out. Unlike land, buildings are subject to depreciation or the periodic reduction of value in the asset that is expensed on the income statement, and…
Do you run a small business like restaurant, retail shop, etc? If YES, here are 50 best mobile POS system that come with printer & phone app and their cost. Mobile POS systems are simply POS systems that are established in the cloud for use on a tablet or mobile device. For mobile POS devices,…
Do you need small business tax deduction tips that will help you save money? If YES, here is a checklist of 20 expenses you can write off as a business owner. The Internal Revenue Service offers business owners a fair number of small business tax deductions to help their businesses along. It is a fact…
Do you want to track your expenses but lack the know-how and tools? If YES, here are 17 helpful tips on how to keep track of your business expenses at no cost. Irrespective of the type of business you run or operate, it is inevitable that you will incur one form of expense or the…
Do you want to pay less tax while making more business income but lack the know-how? If YES, here are 50 best ways to reduce taxable income for small businesses. Like it has always been said, the only constant thing in life is death…and tax; and this is true for both individuals and businesses. Small…
Do you want to accept payments online for your business but you are concerned about transaction safety? If YES, here are 5 best and safest ways to accept credit card payments online. One of the greatest gains of technology cum the internet is the redefinition of the payment system that is accepted by businesses all…
Is your company tight on cash but you want to stay afloat and still grow the business? If YES, here are 21 best working capital management tips, strategies and techniques you can apply to salvage your business. The concept of working capital can be traced back to old Yankee peddlers who would fill their wagons…
Do you run a manufacturing company and you want to plug financial leaks? If YES, here are 15 best practical accounting tips for small manufacturing businesses. One of the most lucrative professions that people love to take to is the accounting profession. This is one course that will never go into extinction as accountants will…
Did you take a loan or grant for your company? Or your business is strapped for cash? If YES, here are 20 best tips on how to manage working capital effectively. As a business owner, one of the major lessons that you must ensure you learn before launching your business is how to manage your…
Cash flow in business has to do with money that comes into a business; that is receivables or income and expenditures. There should be a proper cash management system in any Business or organization for the business to remain successful. If you are an entrepreneur, you should master cash flow process in your business so…
Every business needs a good accounting system for the survival of the business. By accounting, I mean cash book, payroll records, sales invoice, credit book, credit purchase book, debit book, cash payment vouchers, payroll records, assets records, stock book and bank transaction book. Before the era of internet, all these books were maintained separately and…
Do you want to make a budget plan but lack the know-how? If YES, here are 7 easy steps on how to create a budget plan for your small business and stick to it. Anytime a person is starting a business, it is advisable that a budget plan is created because this business budget can…
Do you want to open a merchant account to accept credit cards online but lack the know-how? If YES, here is how to get a merchant account fast for your business. Irrespective of whether you intend to run an online business or you want to toe the brick and mortar line, accepting credit cards is…
What’s the importance of bookkeeping to a small business? Why do entrepreneurs need accounting skills? What is the importance of accounting to a small business? Well, i advice you read on to get the answers you seek. Bookkeeping accounting may look like a great time waster to most small business owners but it is a…