Tag - how to start a business

Business Financials and The Business Plan

The blog posts that were published last week were a good start for Accounting Month on this blog and they can be a fantastic resource for business owners, business staff, and start-up businesses who need to learn accounting. Here is a list of them for review:40 Basic Accounting Principles that you need to know to understand Small Business Accounting Cost of Goods Sold - Additional Principles that Businesses with Inventory Must Know 65 Accounting Terms and Definitions Should [...]

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 [...]