Tag - how to do bookkeeping

Accounting Month Conclusion and More Resources to Learn Small Business Accounting, Bookkeeping and Tax Savings

Since 9/15, this blog (which primarily focuses on marketing but has a lot of other info related to business) has had near-daily posts on small business accounting, bookkeeping and tax savings for Accounting Month. These posts are intended to help business owners, business managers, small businesses and start-ups improve their accounting procedures and maximize their tax reductions. Non-marketing business advice is sometimes included on this blog because we care about seeing your business succeed and we want to provide...

How to Do Bookkeeping for Small Business

A previous post on this blog suggested that business owners do the bookkeeping themselves instead of hiring a bookkeeper. Or if you decide to hire a bookkeeper, the post suggested to make their service supplemental to your own instead of replacing you as the bookkeeper. While a good piece of business advice is to work on your business and not in your business, bookkeeping is one of the few activities where business owners can save time and money by...

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...

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...

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...

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...