Owner's Equity: Subtracting Liabilities from Assets
How do you compute owner's equity in your small business? How does it relate to market value, assets, and liabilities?| 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
As a small business owner, you need an organized way to track your accounts. The small business general ledger can help you.| Patriot Software
Profit and profitability might sound similar, but they're different. To make financial decisions, understand profit vs. profitability.| 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
Your business incurs expenses during daily operations, including selling, general, and administrative expense, or SG&A. What is SG&A expense?| 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
As a small business owner, you need to keep track of the liabilities that your business is responsible for. What are liabilities?| 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
Operating costs fall into two categories: COGS and operating expenses. Learn the difference between cost of goods sold vs. operating expenses.| Patriot Software
If you own a small business, you need to know how to file a small business tax return. Learn more about filing a business tax return here.| 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
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 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
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
