• Profit and loss? How to read it - Part 2 - Expenses| Leave a Comment

    small business accounting software

    The next section down, directly underneath the Income section and mostly in the case of folks who sell Products is the Cost of Goods line. Reports in most small business accounting software will display this as COGS
    This line represents the actual costs (COGS) associated with the Products you sold in the [...]

  • Understanding the Profit and Loss - Part 1 - Introduction| Leave a Comment

    business accounting software

    If you are using small business accounting software it’s essential that you’re able to read and understand the profit and loss statement.You will find some really informative videos on Youtube in the Small business Heroes channel that will help you understand this report or statement.
    What you have sold, spent and how much [...]

  • Small business accounting software - Business Accounting fundamentals| Leave a Comment

    small business accounting software

    The combination of the financial activity and its affect on the financial position is projected in the cash flow forecast. Most good small business accounting sofware will project a cash flow forecast which tells you how much cash you will or wont have in the weeks and months ahead.
    Every account balance [...]

  • Save a bundle on the cost of an audited financial statement| Leave a Comment

    The following is written by a CPA who has much experience auditing financial statements. So in case your thinking how do I know this is not written by a ghost writer from the Philippines I will give you the link that will let you check out my recommendations from my clients. So this is my [...]

  • Small business accounting software - Accounting Basics - Part 1 of 4| Leave a Comment

    small business management software

    The essential reports you need to view the financial activity, positions and the timing of the amounts of cash coming in and going out of your business are derived from the information and balances recorded in your chart of accounts.
    Good businesses know what they want to track and measure and why. [...]

  • Corporate Tax Preparation in New York and elsewhere| Leave a Comment

    Filing NY Corporation Tax Return

    The key to efficient corporate tax returns is to utilize a Certified Public Account (CPA) who will develop a tax strategy that will minimize your company’s tax liability in the short and long term while minimizing the impact on cash flow.
     
    A corporation can file their tax return based on either a [...]

Next Page »