Money Management
October 14, 2020
How and When to File Form 8832
If your small business is an LLC, you may be surprised to learn that your tax classification is only valid on the state level. Federally, the IRS classifies you as a ...
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Money Management
October 08, 2020
Retained Earnings Calculation: The Ultimate Guide
When your small business earns revenue, you’ll likely use that revenue to cover your business expenses. You should also keep some of this revenue on hand for other...
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Money Management
September 22, 2020
Interim Financial Statements: The Fundamentals
Like any good small business owner, you likely want to know how your business is performing on a regular basis. You can use interim financial statements for exactly...
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Money Management
September 22, 2020
Inventory To Sales Ratio: Seven Things To Know
The inventory to sales ratio, sometimes known as the inventories to sales ratio or inventory as a percentage of sales, compares the value of the items you keep in...
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Money Management
September 18, 2020
Customer Financing: Advantages and Disadvantages
Your business is set up and you’re ready to bring in customers. However, your potential customers are walking away (or abandoning their carts) without finalizing their...
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Money Management
September 17, 2020
Billable Expense Income: 6 Main Sources of Billable Expense
Small business owners wear many hats, accountants being one of the most important and most overwhelming among them. Staying on top of revenues and expenses is...
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Money Management
September 17, 2020
Negative Retained Earnings: Definition, Impacts, and Effects
Your business’s balance sheet is filled with figures that spell out your business’s financial health. It may be tempting to keep things simple with a final profit or...
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Money Management
September 07, 2020
How To Ask Customers To Pay Their Outstanding Balance
Your cash flow depends on invoices being paid in a timely manner. However, not every client or customer will pay the money they owe you on schedule. If asking for...
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Money Management
July 27, 2020
How to Calculate Total Current Assets
The current assets formula, sometimes called the total current assets formula, is a key indicator of your business's short-term financial health. Your goal should be...
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