Updated Articles and Resources
- Definition of Retained EarningsCreated: 2009-11-06 @ 10:24:56 EST
What are retained earnings?… - Accounting RecordsCreated: 2009-11-05 @ 10:05:13 EST
What are accounting records… - How to Make Adjusting Entries in your Accounting Journals…Created: 2009-11-04 @ 19:00:22 EST Updated: 2009-11-05 @ 11:37:50 EST
Adjusting entries are made in your accounting journals at the end of an accounting period. The purpose of adjusting entries is to adjust revenues and expenses to the accounting period in which they… - How to Prepare a Trial BalanceCreated: 2009-11-04 @ 18:51:03 EST Updated: 2009-11-05 @ 09:26:12 EST
After you complete your general ledger entries for an accounting cycle, the next step is to prepare a trial balance. A trial balance is the process of totaling the debits and credits from the gener… - Too Big to Fail - The Inside Story of how Wall Street and Washington…Created: 2009-10-31 @ 00:27:25 EDT Updated: 2009-10-31 @ 10:10:37 EDT
Too Big to Fail is a history of how the 2008 global financial crisis unfurled in the offices of Lehman Brothers, Bear Stearns, Goldman Sachs and other large banks written moment-by-moment and in ex… - Develop the Chart of Accounts for your Small Business - Chart of Acc…Created: 2009-10-20 @ 19:06:36 EDT
When you start a small business, develop a chart of accounts as part of setting up your accounting and bookkeeping system. The chart of accounts is an index of all the accounts where the company fi… - Accounting Equation - Balance Sheet - Income Statement - Assets - Li…Created: 2009-10-20 @ 02:37:08 EDT
The accounting equation is the formula that represents the relationship between the assets, liabilities and owner's equity of a small business. It represents the relationship between the balance sh… - Source Documents for Accounting TransactionsCreated: 2009-10-20 @ 01:02:31 EDT Updated: 2009-10-20 @ 19:16:06 EDT
A source document in an accounting transaction is evidence that the transaction has occurred. It should be recorded as a journal entry as soon as possible. Examples are canceled checks, invoices, p… - Construct the General Ledger for your Small Business…Created: 2009-10-19 @ 23:48:53 EDT Updated: 2009-10-20 @ 01:27:13 EDT
The general ledger is the main accounting record for your business. All of the business's financial transactions are taken from the general accounting journal and recorded in the general ledger in … - Accounting Journal Entries - What are Journal Entries and how do you…Created: 2009-10-19 @ 22:32:59 EDT Updated: 2009-10-20 @ 12:40:04 EDT
When a small business makes a financial transaction, they make a journal entry in their accounting journal in order to record the transaction. There are actually two entries made - one is a debit t… - Business Development CompanyCreated: 2009-10-18 @ 10:52:31 EDT
A Business Development Company is a company created to assist startup companies to grow in their startup stage. Although they are similar to venture capital companies, they are listed on the stock … - Debt Management Ratios Tutorial - Financial Ratio Analysis Tutorial …Created: 2009-10-13 @ 15:40:01 EDT
Debt management, or financial leverage, ratios are some of the most important for a small business owner to calculate for financial ratio analysis for the small business. This tutorial will show ho… - Do you Think the Obama Administration should Repeal the LIFO Invento…Created: 2009-10-11 @ 12:31:54 EDT
If the U.S. moves to International Financial Reporting Standards, we will have to repeal LIFO. Will the repeal of LIFO hurt your small business?… - LIFO and FIFO - Inventory Accounting Methods - Small Business Financ…Created: 2009-10-11 @ 10:12:47 EDT Updated: 2009-10-11 @ 12:46:24 EDT
LIFO and FIFO are two of the most popular methods of inventory accounting. Each has a very different effect on the company's bottom line. Here are the explanations… - Inventory Investment - Small Business Finance - Inventory Management…Created: 2009-10-10 @ 18:38:51 EDT Updated: 2009-10-10 @ 21:33:42 EDT
The amount of your small business's inventory investment directly affects your profit and cash flow. Analyze your dead, slow-moving and productive inventory in order to move out inventory that is d… - Top Economical Holiday Business Gifts to Small Business Customers…Created: 2009-10-05 @ 19:52:31 EDT
It is important for the small business to let clients know that their business is important to them. Especially around the holidays, small businesses like to show their appreciation to their client… - Top Economical Business Gifts - Holiday Gifts to Clients - Christmas…Created: 2009-10-04 @ 10:15:50 EDT Updated: 2009-10-04 @ 10:52:46 EDT
Small businesses give business gifts to their clients and customers during the holidays like Christmas. Here are some economical gift ideas for small businesses to consider… - Breakeven Point - Cost Volume Profit Analysis - Fixed Costs Variable…Created: 2009-10-02 @ 18:12:01 EDT
Calculating a company's breakeven point helps the business owner make decisions about fixed costs, variable costs, and the price of the product. … - Start A Business - Start New Business - Start Your Own Business - Go…Created: 2009-10-01 @ 06:53:31 EDT
How do you start a business? If you really want to start a business, this will give you ten steps you should take in order to start a business… - Have you had trouble getting an ARC loan?Created: 2009-10-01 @ 02:58:35 EDT
Have you had trouble getting an ARC loan? Has the application process been difficult and then you have been turned down? Tell us about your experience!… - Health Insurance - Health Savings Accounts - High Deductible Health …Created: 2009-09-30 @ 12:19:30 EDT
High deductible health plans (HDHP) are paired with Health Savings Accounts (HSA) to provide employees with affordable health insurance and small businesses with an affordable health insurance opti… - Do you have Health Insurance?Created: 2009-09-30 @ 12:15:18 EDT
Readers respond to the question of whether or not they have health insurance… - Small Business Bookkeeping Accounting - Double-Entry Bookkeeping - S…Created: 2009-09-26 @ 11:02:59 EDT
Small businesses must make a decision between single-entry bookkeeping and double-entry bookkeeping when they are established… - Bookkeeping for Small Business - Small Business Accounting - Small B…Created: 2009-09-26 @ 10:49:23 EDT
Bookkeeping and accounting for small businesses are not the same even though the words are sometimes used interchangeably. Bookkeeping is the process of record keeping for the small business. Accou… - Tax Year for your Company - Pick Tax Year - Accounting Practices Sma…Created: 2009-09-26 @ 10:38:30 EDT
Before you can start operating a small business, one decision you have to make is what tax year are you going to use. You can pick a calendar year or a fiscal year depending on the kind of business… - Cash or Accrual Accounting - Choosing an Accounting Method - Small B…Created: 2009-09-26 @ 10:34:55 EDT
When you start a small business, one of your first decisions is choosing an accounting method. You can go with cash accounting or accrual accounting depending on several factors… - Asset - What is an AssetCreated: 2009-09-26 @ 00:06:15 EDT
asset what is an asset… - Limited Liability Company - Form of Business Organization - Basic Ac…Created: 2009-09-19 @ 19:04:21 EDT Updated: 2009-09-19 @ 19:45:24 EDT
The limited liability company is one form of business organization that business owners can choose when they start a new small business… - Health Savings Accounts - Small Business - Employee Benefits - Healt…Created: 2009-09-19 @ 16:59:58 EDT
Health Savings Accounts or HSA, in combination with high deductible health insurance policies or HDHP, are a reasonable alternative for small businesses to offer their employees. … - Pricing Your Product - Fixed and Variable Costs - Small Business Fin…Created: 2009-09-14 @ 01:31:37 EDT
There are two types of costs or expenses in a small business firm. They are fixed and variable costs. Variable costs change as sales change. Fixed costs do not change with sales volume… - What is the most difficult variable to estimate in breakeven analysi…Created: 2009-09-13 @ 15:41:24 EDT Updated: 2009-09-13 @ 15:53:58 EDT
Breakeven analysis involves three variables - fixed costs, variable costs, and price. Which variable is the most difficult to estimate?… - Operations - Analyzing Your Financial Position - Financial Managemen…Created: 2009-09-13 @ 11:20:14 EDT
After you open a business and get the basics up and running, you have to start looking at the more complex details of financial management such as financial analysis and financial forecasting. Othe… - Which Profitability Ratio do you use most Often and why?…Created: 2009-09-12 @ 23:34:54 EDT Updated: 2009-09-12 @ 23:39:35 EDT
There are a number of profitability ratios which measure various types of profitability. Which do you use most often and why?… - Profitability Ratios - Financial Ratio Analysis - Profit Margin - Re…Created: 2009-09-12 @ 12:25:53 EDT Updated: 2009-09-13 @ 12:15:57 EDT
Profitability ratios are the most important ratios in financial analysis to company investors. Net profit margin, return on assets, and return on equity are some of the most common profitability ra… - Credit - What is a Credit - Small Business Finance Glossary TermsCreated: 2009-08-31 @ 10:29:14 EDT
Credit What is a credit small business finance… - Debit - What is a debitCreated: 2009-08-31 @ 10:13:08 EDT Updated: 2009-08-31 @ 10:35:15 EDT
debit - what is a debit… - Credit Cards for Small Business - New Credit Card Legislation - Cred…Created: 2009-08-21 @ 11:32:02 EDT Updated: 2009-08-21 @ 11:49:52 EDT
New credit card legislation will protect consumers and small business owners from predatory lending practices of credit card companies. There are immediate effects of this legislation and effects t… - What Does it Take to be an Entrepreneur?Created: 2009-08-15 @ 08:47:18 EDT
Not everyone is cut out to be an entrepreneur. Entrepreneurs have certain traits and characteristics others of us don't have. … - The Economy - State of the Economy - Second Quarter 2009 - Small Bus…Created: 2009-08-10 @ 10:03:28 EDT
The economy remains in recession in the second quarter 2009 though it is easing. The GDP, unemployment, consumer and producer price indexes, stock prices, consumer confidence, consumer spending, an… - Debt Ratios - Financial Ratio Analysis - Long-term Debt to Total Cap…Created: 2009-08-05 @ 15:07:58 EDT
The long-term debt to total capitalization ratio is one of the debt ratios in financial ratio analysis that measures the extent of the firm's financing with debt. It measures the extent to which lo… - Financial Ratio Analysis - Current Ratio - Quick Ratio - Net Working…Created: 2009-08-05 @ 02:25:00 EDT
Analyzing liquidity ratios like the current and quick ratios, plus net working capital, give company's a picture of their current financial position. This is a simple version of a liquidity analysi… - Fixed Charge Coverage Ratio - Financial Ratio Analysis - Asset Manag…Created: 2009-07-27 @ 11:42:44 EDT
The fixed charge coverage ratio is an important debt ratio in financial ratio analysis because it is a broader measure of the ability of a company to cover its fixed charges than the times interest… - Financial Ratio Analysis - Asset Management Ratios - Asset Utilizati…Created: 2009-07-25 @ 14:00:08 EDT
Asset management or asset utilization ratios tell a small business how efficiently it is utilizing its assets to generate sales. Inventory, receivables, fixed assets, and total assets are analyzed… - Financial Ratio Analysis - Accounts Receivable Turnover - Asset Mana…Created: 2009-07-25 @ 13:28:44 EDT
Asset management ratios include the accounts receivable turnover ratio as a part of financial ratio analysis. The accounts receivable turnover ratio, along with the average collection period, measu… - Total Asset Turnover Ratio - Financial Ratio Analysis - Asset Manage…Created: 2009-07-25 @ 13:14:32 EDT
The total asset turnover ratio is an asset management ratio that measures how efficiently a company can use its assets to generate sales. … - Fixed Asset Turnover Ratio - Financial Ratio Analysis - Asset Manage…Created: 2009-07-25 @ 13:04:34 EDT
The fixed asset turnover ratio measures the company's ability to generate sales from its investment in plant, property, and equipment… - Inventory Turnover Ratio - Financial Ratio Analysis - Asset Manageme…Created: 2009-07-25 @ 12:49:47 EDT
The inventory turnover ratio is one of the most important ratios in financial ratio analysis. It is a crucial asset management ratio as it measures the efficiency of the firm in managing and sellin… - Financial Ratio Analysis - Average Collection Period - Asset Managem…Created: 2009-07-25 @ 00:14:25 EDT Updated: 2009-07-25 @ 13:55:51 EDT
The average collection period of accounts receivable helps a business owner determine how liquid his accounts receivables are. Asset management or asset utilization ratios tell a small business how… - How to Adjust Your Business Sales Forecast - Be Flexible in Changing…Updated: 2009-11-04 @ 15:43:00 EST
This article discusses the need for a small business to adjust its sales forecast when economic times change for the better or worse. … - Small Business Cash Flow - How to Increase Your Cash Flow…Updated: 2009-11-04 @ 15:29:25 EST
This article gives you a list of ways your small business can increase its cash flow… - Small Business Income Taxes - How to Prevent a Tax Audit - Tips to K…Updated: 2009-11-04 @ 15:28:21 EST
Small businesses need to know how to prevent tax audits of their small businesses. Here are some steps you can take to prevent the IRS from picking your small business for a tax audit… - Managing Your Cash Flow - Bootstrapping Your Startup Business - How …Updated: 2009-11-04 @ 15:27:11 EST
Bootstrapping your business or starting up your business means generating funds internally from your cash flows. Bootstrappers watch every dollar and try to run their business on their own funds. T… - Choose a Bank for Your Business - Business Loan - How to Choose A Ba…Updated: 2009-11-04 @ 15:25:47 EST
Be careful when you choose a bank for your small business. Compare community vs large, regional banks. Compare the services each offers and how accessible they are to you. Look at the business loan… - Budgeting - How to Make a Business Budget Work…Updated: 2009-11-04 @ 15:24:39 EST
This article gives you six steps to help make a business budget work… - Cash Flow Analysis - How to do a Step-By Step Cash Flow Analysis…Updated: 2009-11-04 @ 15:23:44 EST
Cash flow can be defined as the way money moves into and out of your business; it is the difference between just being able to open a business and being able to stay in business. A cash flow analys… - Open a Business - How to Open a Start-Up - Open an Existing Business…Updated: 2009-10-28 @ 23:34:36 EDT
When you open a business, you have to consider many things, from the basics of finding a business niche to finding financing for that business. You have to choose your business and write a business… - Business Budgeting - Accounting for Small Business - Start-up Busine…Updated: 2009-10-11 @ 10:27:18 EDT
After your business gets started, you have to set up your record-keeping and accounting systems. One of the most important things you can do is establish your business budget. Both of these activit… - Income Taxes - Business Corporate Tax Rates for 2008Updated: 2009-10-01 @ 06:36:48 EDT
This is the corporate tax rate schedule for businesses for 2008. Businesses that are incorporated should use this tax schedule when calculating their taxes for 2008… - SBA ARC Loan - 2009 Recovery Act - SBA American Capital Recovery LoanUpdated: 2009-10-01 @ 03:15:15 EDT
The SBA ARC loan for small businesses debuted on June 15, 2009. This loan program falls under the the 2009 economic stimulus plan. It is targeted at existing small businesses that need help meeting… - Financial Forecasting - Forecasting Your Financial Position for the …Updated: 2009-09-30 @ 12:08:02 EDT
Small business owners have to develop the talent to plan ahead if they want their business to succeed. Part of that process is learning to develop projected financial statements in order to adequat… - Must Reads: Essential Articles and Resources about BizfinanceUpdated: 2009-09-28 @ 01:52:38 EDT
- Small Business Loan - Business Lending - Bank loans - Bank loan - Sm…Updated: 2009-09-25 @ 20:00:56 EDT
In order to survive, a small business has to be able to obtain a small business loan. Find all your articles about commercial bank loans and other issues related to commercial banks right here! … - Income Taxes - Types of Business OrganizationsUpdated: 2009-09-20 @ 10:12:45 EDT
This article summarizes the different types of different business organizations such as sole proprietorships, partnerships, corporations, and limited liability companies from a legal, accounting, a… - Income Tax - Reasons you Should Open a Business Bank Account…Updated: 2009-09-18 @ 08:46:45 EDT
In order to satisfy a number of Internal Revenue Service requirements and to simplify recordkeeping, you should always keep your business banking and personal banking separate… - Starting a Small Business - Characteristics of Successful Entreprene…Updated: 2009-09-12 @ 00:22:10 EDT
Some people have the characteristics that make successful entrepreneurs and small business owners and some don't. Also, there are some countries that are better for opening small business than othe… - Bankruptcy Attorney - Why you Should Choose a Business Bankruptcy At…Updated: 2009-09-11 @ 20:26:35 EDT
If you think you may have to file for a business bankruptcy, it's important that you choose the right bankruptcy attorney. A business bankruptcy attorney is an important addition to your team. Cert… - Interest Rates - Loan - How to Calculate Interest Rates on Bank LoansUpdated: 2009-09-09 @ 23:12:32 EDT
Interest rates are the cost you pay to borrow money on a loan. It's important to know how to calculate interest rates on bank loans. This article shows you how to calculate interest rates using a v… - Financial Ethics - Business Ethics - Wall Street Fraud - Small Busin…Updated: 2009-09-07 @ 02:25:38 EDT
Small business that engages in ethical financial practices will be more profitable in the long run than small business that does not. Ethical financial practices extend to investors, customers, emp… - Start a New Business - How to Start a New Business - How to go Into …Updated: 2009-09-06 @ 19:27:19 EDT
There are steps you must take if you want to start a new business. If you have an idea for a business, you have to identify your product, find your marketing niche, and begin the process of financi… - Income Taxes - Quarterly Business Estimated Income Tax Filing Deadli…Updated: 2009-09-06 @ 18:51:40 EDT
Most small businesses have to pay quarterly estimated income taxes. These are the deadlines for 2009… - Cash Flow - Cash Management - Liquidity - Solvency - Small Business …Updated: 2009-08-25 @ 09:15:18 EDT
Small businesses can't survive without watching their cash flow and practicing good cash management. Here are some articles on cash flow, liquidity, solvency, profit, and other cash management issu… - Best Businesses to Start in a RecessionUpdated: 2009-08-15 @ 21:10:03 EDT
Some small businesses actually prosper in a recession. These are called counter-cyclical businesses. Other small businesses survive but don't actually thrive… - Start a Business - Reasons that Recession is a Good Time to Start a …Updated: 2009-08-15 @ 08:56:40 EDT
A recession can be a good time to start a business. Competitors may be dropping out of the marketplace. You may be able to find a niche for your new product or service. Here are reasons that recess… - Income Taxes - Get Your Employer Tax Identification Number from the …Updated: 2009-08-15 @ 08:25:57 EDT
If you are starting a small business, even a sole proprietorship, it is best to get an employer tax identification number…