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Small Business Accounting

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Six Things in an Annual Report Necessary for Fundamental Analysis

After a huge annual report arrives in the mail, you may not know where to begin. So here are six things you should always consider when you get an annual report to make sure you are picking up the key [more…]

Great Financial Web Sites for Raising Capital

If you’re trying to raise capital for your business venture, you can turn to a considerable number of comprehensive Web sites for financial information. Strengthen your quest for capital by visiting these [more…]

Business to Take Care of before You Open Your Bed & Breakfast

Your bed & breakfast is a business, so you need to get your ducks in a row and necessary forms filled out and filed before you open your doors to guests. Use the following list [more…]

Explaining Accounting Equations

Accounting equations can be tricky to remember, so this handy reference gives you everything you need to do your sums easily and, more importantly, correctly. [more…]

Connections between Profit & Loss Statement and Balance Sheet Accounts

We make remembering accounting rules and connections easy. The following list shows the connections between the Profit & Loss Statement and the balance sheet accounts. [more…]

Adjustments to Net Income for Determining Cash Flow from Operating Activities

Debtors, stock and prepaid expenses are operating assetsused in the profit making process. Creditors and accrued expenses payable are operating liabilities [more…]

Accounting Workbook For Dummies Cheat Sheet (UK Edition)

Need useful and concise tips and rules for accounting in the UK? Look no further. This Cheat Sheet is packed with handy, at-a-glance essential equations, flow charts and reminders to help make balancing [more…]

Knowing Your UK Tax Codes

Even if you don’t need to use all of the tax codes all of the time, you probably need some of them sometimes. For those times: [more…]

Main Tasks of Business Accounting

As someone concerned with business accounting, you have a lot to know and to remember. To help you, this list explains the main tasks and processes. [more…]

Primary Financial Statements of a Business

This list gives details of the three primary financial statements in the running of a business. These statements record your business’s performance, letting you analyse and identify where you’re strong [more…]

Understanding Accounting Values on the Balance Sheet

Your balance sheet is one of three primary financial statements in the running of a business. It gives an overview of the business’s total assets and liabilities at a particular date, and is an important [more…]

The Basic Steps of the Business Accounting Cycle

This flowchart gives an overview of the business accounting cycle, mapping the entire bookkeeping process with aspects of the accounting system side-by-side. The bookkeeping stages are on the left-hand [more…]

Understanding Business Accounting For Dummies Cheat Sheet

Want to get seriously savvy with your business accounting, but don’t know where to start? You don’t need to be a professional accountant to decode the jargon. Use these pointers to find out how to make [more…]

How to Limit Corporate Liability after Sarbanes-Oxley

The Sarbanes-Oxley Act (SOX) provides a legal model for running corporations of all sizes, regardless of whether they’re publicly traded and technically subject to SOX. The best legal minds agree that [more…]

Sarbanes-Oxley Practices for Good Corporate Governance

Sarbanes-Oxley (SOX) was passed to combat corruption at big public companies like Enron, WorldCom, Tyco, Adelphia, Global TelLink, HealthSouth, and Arthur Andersen. But small and not-for-profit companies [more…]

Sarbanes-Oxley For Dummies Cheat Sheet

Enacted in the wake of corporate mismanagement and accounting scandals, Sarbanes-Oxley (SOX) offers guidelines and spells out regulations that publicly traded companies must adhere to. Sarbanes-Oxley guidelines [more…]

Important Financial Documents for Your Small Business

Managing the finances of your small business can be a challenge. To survive and thrive, you must earn profit consistently, generate cash flow from profit, and control your financial condition. You need [more…]

Small Business Financial Management Kit For Dummies Cheat Sheet

Managing the finances of a small business is a multi-layered task. You need to become familiar with standard financial documents, pay attention to profits, and make the most of the business’s assets. And [more…]

Getting to Grips with Bookkeeping: The Current Ratio

The current ratio compares your current assets to your current liabilities, providing a quick glimpse of your business’s ability to pay its bills. The formula for calculating the current ratio is [more…]

Stricter Bookkeeping Methods: The Acid Test Ratio

Many lenders prefer the acid test ratio when deciding whether to give you a loan because of the test’s strictness. Stock isn’t included in calculating the ratio. [more…]

The Flow of Credits and Debits in Double-Entry Bookkeeping

In double-entry bookkeeping you enter all transactions in the books twice: once as a debit and once as a credit. To keep your debits and credits straight follow this table which shows you how both impact [more…]

Building Blocks of a Bookkeeping System

The following three elements make up the essential foundations of bookkeeping. Keep these business basics in mind when you set out to create a bookkeeping system: [more…]

Key Steps to Keeping the Books

Bookkeeping involves following a set procedure of major stages. Take a look at these steps that detail the processes involved – from start to finish in the bookkeeping sequence: [more…]

Tips for Controlling Your Business Cash

Here are some practical security guidelines when it comes to controlling your business’s cash. Follow these rules to ensure your business’s money handling and recording stays secure: [more…]

Bookkeeping For Dummies Cheat Sheet (UK Edition)

There are several steps to understanding bookkeeping and maintaining a good record of your business’s finances throughout the year. It’s advantageous to get your head around the trickier bits of keeping [more…]

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