Accounting Tips – Page 2 – Mirex Marketing

3 Business Financials: The Balance Sheet, The Income Statement and The Cash Flow Statement.

There are a few financial statements which help to portray the financial and economic condition of a business. Yet, there are three main ones which were introduced in the previous post 40 Basic Accounting Principles. The main 3 Business Financials are the balance sheet, the income statement, and the cash flow statement. These are the top financials that business owners, business managers, and lending institutions look at. The following explains what these financials are, what they might look like and...

September 20, 2014By Mirex MarketingAccounting Tips, Business Book Summaries, Business Tips, Small Business Management, Start-Up Ed3 financial statements, 3 main business financials, accounting education, balance sheet, business financials, cash flow statement, financial statements, how to do accounting, how to do bookkeeping, how to measure the economic condition of a business, how to measure the financial condition of a business, income statement, small buisness bookkeeping, small business accounting, small business management, start up education, three financial statements2 CommentsRead more...

Should I Hire a Bookkeeper? 3 Super Tips to Help Your Bookkeeping Decision.

As a business owner (or future business owner), you're probably faced with multiple decisions daily which can affect your business either positively or negatively. If you're one of those good business owners, then you're constantly learning how to improve your business, and a common piece of advice that you'll hear is not to wear multiple hats. Most business owners start by wearing every hat in the business - you're the CEO, CFO, CMO, CTO, the secretary, and every other position...

September 19, 2014By Mirex MarketingAccounting Tips, Business Tips, Small Business Management, Start-Up Edbookkeeping, bookkeeping advice, bookkeeping and accounting, bookkeeping tips, business bookkeeping, finding a bookeeper, finding a good bookkeeper, hiring a bookkeeper, how to do bookkeeping, how to find a bookkeeper, should i hire a bookkeeper, tips for hiring a bookkeeper4 CommentsRead more...

65 Accounting Terms and Definitions

The following 65 Accounting Terms and Definitions are meant to supplement the previous two posts on basic accounting principles: 40 Basic Accounting Principles and Costs of Goods Sold - Additional Principles. Current and future business owners will want to read those posts and understand them thoroughly in order to move on this month with future accounting posts that are related to bookkeeping and tax savings. This post is mostly for reference and it's a great one to bookmark for future...

September 18, 2014By Mirex MarketingAccounting Tips, Business Book Summaries, Business Tips, Small Business Management, Start-Up Edaccounting basics, accounting for businesses with inventory, accounting principles, balance sheet, basic accounting principles, business accounting, business financials, cash flow statement, cost of goods sold, cost of goods sold formula, FIFO, first in first out, gross margin, gross profit, gross revenue, how to do accounting for small business, income statement, invetory accounting, last in first out, LIFO, lower cost or market value, periodic method, perpetual method, small business accounting, small business management, start up education0 CommentsRead more...

Costs of Goods Sold – Additional Accounting Principles that Businesses With Inventory must know

If you own (or plan to own) a service business that does not sell any products or goods, then the previous blog post is sufficient for your business: 40 Basic Accounting Principles that you must know to understand Small Business Accounting. However, if your business sells products or goods and you're one of many businesses with inventory, then you need to know some additional information on costs of goods sold (COGS). Since the article on the three business financials has not...

September 17, 2014By Mirex MarketingAccounting Tips, Business Book Summaries, Business Tips, Small Business Management, Start-Up Edaccounting basics, accounting for businesses with inventory, accounting principles, balance sheet, basic accounting principles, business accounting, cost of goods sold, cost of goods sold formula, FIFO, first in first out, gross margin, gross profit, gross revenue, how to do accounting for small business, income statement, invetory accounting, last in first out, LIFO, lower cost or market value, periodic method, perpetual method, small business accounting, small business management, start up education1 CommentRead more...

40 Basic Accounting Principles that you need to know to understand Small Business Accounting

Business owners need to know general accounting principles before they can move on to more complicated accounting practices. The following are the 40 Basic Accounting Principles that you must know to understand small business accounting: The guidelines that accountants and businesses use to practice accounting are called Generally Accepted Accounting Principles (GAAP). GAAPs are adapted, changed and updated by the Financial Accounting Standards Board (FASB). The Securities and Exchange Commission (SEC) also has authority to change the rules, but they...

September 16, 2014By Mirex MarketingAccounting Tips, Business Book Summaries, Business Tips, Small Business Management, Start-Up Ed40 accounting principles, 40 basic accounting principles, 40 Basic Accounting Principles that you need to know to understand Small Business Accounting, accounting, accounting basics, accounting formula, accounting principles, how to do accounting, how to do bookkeeping, how to start a business, small buisness management, small business accounting, start-up education, what do I need to know about accounting, what does a small business owner need to know about accounting6 CommentsRead more...

September is Accounting Month for the Mirex Marketing blog

September is Accounting Month for the Mirex Marketing blog. Accounting, bookkeeping and taxes are probably some of the most boring topics for non-numbers people. Yet, if you want to run a business, you have to be able to manage the money to achieve success and growth. Businesses are in business to make a profit. Even non-profit organizations must manage their accounting properly to avoid failure. If you're not making a profit, then your business needs to change. And the only...

September 15, 2014By Mirex MarketingAccounting Tips, Business Tips, Mirex Marketing Announcements, Small Business Management, Start-Up Edaccounting tips, how to do bookkeeping, how to pay less taxes legally, how to save, how to start a business, save on taxes, small business bookkeeping, tax benefits for buisness owners, tax deductions for small business, tax savings, tax-free wealth10 CommentsRead more...