What Is Cash-basis Accounting? | Easiest Accounting Method
You can use cash-basis accounting to record your books. What is cash-basis accounting? Learn about this simple accounting method here.| Patriot Software
You can use cash-basis accounting to record your books. What is cash-basis accounting? Learn about this simple accounting method here.| Patriot Software
Modified cash-basis accounting is a mixture between cash-basis and accrual accounting. Learn about modified cash-basis and how it can benefit your business.| Patriot Software
Learn more about fixed and current assets, examples of fixed assets vs. current assets, and recording assets on your balance sheet.| Patriot Software
State-mandated retirement plans require eligible employers to enroll employees in a state-sponsored program or offer another retirement plan.| Patriot Software
Thanks to the SECURE Act, eligible small businesses that offer retirement plans to their employees may be able to claim 401(k) tax credits.| Patriot Software
How do you compute owner's equity in your small business? How does it relate to market value, assets, and liabilities?| Patriot Software
Are your books balanced? What's the accounting equation and how does it help? Use the accounting equation to see the balance of your books.| Patriot Software
If you sell goods at your small business, understand the four stages in the product life cycle: development, growth, maturity, and decline.| Patriot Software
When it comes to your small business, do you know how to price a product for the most revenue? There are several strategies you can use to boost sales.| Patriot Software
A discount pricing strategy can help attract customers and increase sales. Learn about different discount pricing strategies.| Patriot Software
As a business owner, you might send invoices to customers or receive them from vendors from time to time. What is an invoice?| Patriot Software
What is an audit trail? Why is it important for my small business? Find out how an audit trail can help you prevent fraud and keep your books accurate.| Patriot Software
A transposition error occurs when someone reverses the order of two numbers (e.g., 81 vs. 18). Find out more about these easy-to-make errors.| Patriot Software
Keeping accounting records organized can be difficult. Learn how to organize business receipts with a few simple storage solutions.| Patriot Software
Separating business and personal funds helps you organize records and avoid overspending. Learn how to open a business bank account to get started.| Patriot Software
Bank statement reconciliation is the process of comparing your bank statement to your accounting books to see if they match. Learn more here.| Patriot Software
As a small business owner, you need an organized way to track your accounts. The small business general ledger can help you.| Patriot Software
The EBITDA equation is an important part of finding your company's profitability. Read here to learn more about what is EBITDA.| Patriot Software
Profit and profitability might sound similar, but they're different. To make financial decisions, understand profit vs. profitability.| Patriot Software
Is your small business using all of the accounting tools available? Check out six accounting tools for small businesses to consider.| Patriot Software
Net income helps you determine your business's profitability, plan budgets, and make decisions. Learn what net income is and how to calculate it here.| Patriot Software
One type of budget you may need for your business is an operating budget. So, what is an operating budget?| Patriot Software
What is an overhead cost? Your business needs overhead costs to run, but they can take over. Learn the types of overhead costs and more.| Patriot Software
Your business incurs expenses during daily operations, including selling, general, and administrative expense, or SG&A. What is SG&A expense?| Patriot Software
What is business net worth? We break down the asset and liability figures found on your balance sheet to determine your net worth.| Patriot Software
Your business balance sheet helps you organize your assets. But before you can begin accounting for them, you have to learn about assets. What are assets?| Patriot Software
There are several ways businesses can learn how to survive a recession, such as cutting costs and focusing on relationships.| Patriot Software
If you have a great entrepreneurial idea, you need to know how to start a small business. Follow our steps and checklist to get going.| Patriot Software
Do you know how to handle payroll for 3-paycheck months? Prepare ahead of time for months with extra payroll.| Patriot Software
A business emergency fund is money you set aside to cover unexpected expenses or financial emergencies. Learn how to build an emergency fund.| Patriot Software
Patriot Software accounting customers can read this helpful article for guidelines on how they can manage imported bank transactions. Click to learn more!| Patriot Software
Affordable accounting and payroll software for small business owners in the USA.| Patriot Software
If you struggle to collect receivables, it may be time to hire a collection agency. You can get paid and back to running your business.| Patriot Software
Do you include an allowance for doubtful accounts, or bad debt reserve, in your recordkeeping? Here are facts about ADA, examples, and more.| Patriot Software
If you want to keep accurate books, you need to be familiar with the types of accounts in accounting (and their sub-accounts).| Patriot Software
Are you new to tracking, reviewing, and reporting your business's finances? Find out how to set up accounting books for small business here.| Patriot Software
Do you think your books need double-checked? Double-entry accounting requires you to use at least two accounts to record each transaction.| Patriot Software
Starting an LLC in Ohio has liability protection, pass-through taxation, and reasonable tax rates. Learn how to start an LLC in Ohio here.| Patriot Software
Do you know how well your business uses incoming money? Learn how to calculate profit margin to see how effective your processes are.| Patriot Software
As your business grows, so do the complications of payroll management. Learn why you need a flexible payroll service to grow with you now!| Patriot Software
Nonemployee compensation is the money you pay to independent contractors. Learn how to classify workers and report nonemployee compensation.| Patriot Software
Find out what is backup withholding, who is subject to it, who is exempt, and what business owners need to do.| Patriot Software
Small businesses may hire a non-employee for certain projects, known as an independent contractor. So, what is an independent contractor?| Patriot Software
Business owners that report nonemployee compensation must use the revived Form 1099-NEC. Learn about your Form 1099-NEC responsibilities.| Patriot Software
Some businesses process payroll internally, while others outsource to a third party. Learn more about in-house payroll vs. outsourcing.| Patriot Software
Look at gross and net income to determine your business's profitability. But what is the difference between net income vs. gross income?| Patriot Software
An early payment discount is a price cut customers can receive if they pay for purchases before the due date. Learn more here.| Patriot Software
One accounting method you can use is accrual accounting. Learn what is accrual accounting and if it's a good fit for your business.| Patriot Software
As a small business owner, you need to keep track of the liabilities that your business is responsible for. What are liabilities?| Patriot Software
Businesses use strategic pricing strategies to increase customer traffic and maximize profits. Learn about seven strategies and more.| Patriot Software
Accounting errors can happen to anyone. To catch accounting mistakes as soon as possible, learn how to find accounting errors in your books.| Patriot Software
What's a profit and loss statement for small business and why is it important to you? Learn what a P&L statement includes and how to make one.| Patriot Software
Business owners can use a simple equation to find gross profit. Gross profit shows profitability and helps with decision-making.| Patriot Software
You need to know how to increase your business's bottom line to keep your business financially healthy. What is the bottom line in business?| Patriot Software
Operating costs fall into two categories: COGS and operating expenses. Learn the difference between cost of goods sold vs. operating expenses.| Patriot Software
Have you made some big purchases for your small business? You can use depreciation to spread the cost out over time.| Patriot Software
The payroll-to-revenue ratio measures how much of your business revenue you spend on payroll expenses. How high should your ratio be?| Patriot Software
If you offer credit to customers, it may help your cash flow. Use these pros and cons to see if offering credit is right for your business.| Patriot Software
Learn accounting basics, like debits and credits, to help you keep accurate records in your business books. See examples and more here.| Patriot Software
When a customer gives cash or uses credit to pay for a good or service, you must make a journal entry for sales. Learn how here.| Patriot Software
If you have questions that aren't answered on the IRS website, you may need to know how to contact the IRS. Learn more when you read this!| Patriot Software
Knowing the average cost of living by state can help you set product or service prices, salaries, and budgets. Find out more here.| Patriot Software
Business owners are likely responsible for managing, accounting for, and reporting inventory. What is inventory, and how should you handle?| Patriot Software
Do you know how to form a C Corp? C Corps separate personal and business tax liabilities to protect personal assets from business debts.| Patriot Software
Not sure which of your allowable business expenses might qualify for tax deductions? Check out this list of allowable expenses.| Patriot Software
You need to know how to prepare and use a business balance sheet for your company. So, what is a balance sheet?| Patriot Software
To keep your finances in order and stay on track, you need to learn about the four basic financial statements for small business.| Patriot Software
Learn how to get the cost of goods sold (COGS) with our guide. Discover the COGS formula, calculation steps, and how it impacts pricing.| Patriot Software
You need three financial statements: balance sheet, income statement, and cash flow statement. What is a cash flow statement?| Patriot Software
Creating the articles of incorporation is a the first step a business takes when forming a new corporation. Here's an overview of the document.| Patriot Software
As a small business owner, there are accounting terms you should know, including net profit. What is net profit? Learn more here.| Patriot Software
You might wonder, "Do I need to open a business bank account?" Read on to learn which businesses need to, and why all should consider it.| Patriot Software
As a small business owner, you must know when your cash flow is negative. What is negative cash flow? Find out how to manage cash flow here.| Patriot Software
All business owners need to know about their company's cash flow. But, what is cash flow? Read our article for the scoop.| Patriot Software
You run your own business, but are you considered self-employed? What is self-employed mean? Find out and what that means for you.| Patriot Software
Do you know which taxes you need to pay for your business? Tax liability is the money that needs to be paid to a local, state, or federal agency.| Patriot Software
You can use marketing metrics for small business to track how successful your marketing methods are. Try these basic metrics to test marketing campaigns.| Patriot Software for Small Business
As a business owner, you need to keep track of your company's financial statements. What is a financial statement? Find out here.| Patriot Software
Thinking about getting a business loan? First things first, you need to learn how to apply for a business loan with these seven steps.| Patriot Software
Need a way to build up business credit and simplify cash flow? Learn how to get a business credit card in a few simple steps.| Patriot Software
What are business expenses? Which business expenses are deductible? Keep your taxes as low as you can and boost your profit. Record your expenses!| Patriot Software
Do you need help planning future finances? Learn how to create a cash flow projection so your small business finances can be stress-free.| Patriot Software
Knowing how to finance a small business can put your business idea into action. Take a look at these nine small business financing options.| Patriot Software
A business plan is essential for understanding your market and obtaining outside funding. Do you know how to write a business plan?| Patriot Software
Businesses need a budget to project revenue, expenses, and profits. Some companies use zero-based budgeting. What is zero-based budgeting?| Patriot Software
Learn how to conduct a market analysis if you're looking for a lender, or want a better understanding of your target customer.| Patriot Software
Discover the best accounting software for self-employed professionals. Compare features, pricing, and benefits of top solutions to find the perfect fit.| Small Business HQ
You need to keep track of accounts payable in your accounting books. What is accounts payable? Get the scoop here.| Patriot Software
Understanding accounts receivable will help you know how much customers owe you. What is accounts receivable?| Patriot Software
Review the various types of business structures and factors you should consider when selecting your type of business structure.| Patriot Software
As a small business owner, you work with vendors to get the goods you need to run your company. Understand what is a vendor here.| Patriot Software
If you own a business, you might have wondered, "What is a corporation?" Learn what a corporation is and how to establish one.| Patriot Software
