Search result: Accounting

Crowdfunding 101: 7 Accounting Tips

Kickstarter has become a great alternative source for funding a new business adventure. However, there are some important accounting issues you must understand before launching your crowdfunding campaign on Kickstarter. There are different tax implications related to crowdfunding as a primary busin ...

How to Open a Business Bank Account

Every business owner needs a separate bank account for their business, even if you operate a start-up business from home. The separate bank account is the only way to keep track of your finances and business records. It is mandatory for every business owner to keep his personal transactions separat ...

Why do SMBs Need Good Accounting Software?

When you open your new business it is important that you have a good bookkeeping system in place. Many new SMBs will fail within the first 3 years because of their accounting software. A good bookkeeping system will warn you when your business starts to run low on cash. For a new business owne ...

4 Types of Business Records That Aren't Digital Debris

Management and IT Departments in businesses are concerned with digital debris. Outdated information and duplicate files clog storage memory and slow retrieval processes. Many companies are delegating digital housekeeping chores to various departments. Prior to tidying up files and dumping digital i ...

4 Accounting Applications for Business Owners

We all use tablets and mobile phones; technology has become an important part of our day to day lives. Business professionals are perpetually swamped by their schedule, that’s why in this article I am going to discuss some applications which will help you manage your finance and accounting wh ...

Graduate to a Perpetual Inventory Management System

There are two types of inventory management systems: periodic system and a perpetual system. Inventory is continually updated in a perpetual system. A periodic inventory system only updates inventory when a physical inventory is conducted. A perpetual inventory system updates continuously. Physical ...