Tiles For You If you are looking for a flooring material that will not only look great in your home, but also provide a good level of maintenance and durability, porcelain tile is the way to go. It is no secret that porcelain tiles come in many different colors, styles and patterns and are very easy to maintain. These benefits […]
Hiring an accountant can be a daunting process for many small business owners. Before starting your search, it is important to determine the type of experience and skills you need. Are you looking for someone to analyze the numbers for you and create a budget or do you really just need someone to enter the invoice and invoice data? If […]
One of the best ways to apply for same day loans Same day loans are quick and easy loans that can be approved within minutes. Online lending networks ensure that your loan request is approved as soon as possible, which means you don’t have to wait around the next day. With same day loans, you don’t have to worry about […]
So, this new and very exciting business opportunity has begun. How is it tracked on paper? Like it or not, every April 15, we are held accountable for our actions the year before to our friends (or enemies, depending on your mind) at the Internal Revenue Service or the IRS. Even if you have already started your business, I will […]
Sir Isaac Newton’s third law of motion, the law of reciprocal actions, states that for every action there is an equal and opposite reaction. The same can be said for accounting. For every financial transaction, there are two sides. There is a debit side and a credit side. For each transaction, these sides must be equal for your books to […]
If you’re in a business strategy class, you may be taking the Global Business Simulation Strategy Game, or “Glo-Bus” for short. You will most likely take two tests in this course, the Glo-Bus Test 1 and the Glo-Bus Test 2. Both tests will go over the basics of the game and especially Test 2 can have very difficult questions. Many […]
Introduction: The Financial Accounting Standards Board (FASB) on August 17, 2010 published its “exposure draft” that requires companies to record nearly all leases on their balance sheets as a “right of use” asset and a “payment. future lease – corresponding liability “. . What does this mean for your business in simple terms? In essence, this proposal eliminates operating leases; […]
Besides having a great product, good sales, good SEO, great marketing, etc., there is one thing that is vital to the long-term growth and success of a startup: good bookkeeping. And yes … you may not be as well versed in numbers as your accountant. But understand: a working knowledge of an income statement, balance sheet, and cash flow statement […]
One of the best ways to learn about finance is to start with a real-world story that everyone can relate to, a story that even children can understand. The most iconic, if not the most fun, business enterprise of childhood is the lemonade stand. Setting a table and serving the neighbors a few drinks on a hot afternoon during the […]
You know the old adage: “Financial statements don’t kill people, people kill people.” While it is true that there may be misrepresentation and deception in a financial statement (FS), the document is not inherently wrong, it is the bad intentions of the preparer or the company that are to blame. As credit analysts, we always review and depend on FS […]
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