chart of accounts – Think Beyond the Desktop

Basic Financials 101 – Part 2: The Balance Sheet Report

Basic Financials 101 – Part 2: The Balance Sheet Report In Part 2 of our Basic Financials series, we’ll cover the Balance Sheet Report This article is an easy to understand guide to provide you with a better understanding of how to gauge your business’ financial health. Why It’s Important for your Business Of the financial reports that you should familiarize yourself with, the Balance Sheet Report is arguably one of the most essential. This report is an indicator of the financial health of your business at a specific time - usually at the end of a month, quarter, or year. Basically. It gives you an overview of your business’ net worth. When trying to secure financing or outside investors, this report shows your ability to meet financial obligations as well as investments made into the business by partners or [...]

Payroll and Employees – Getting Ready for Year’s End

Payroll and Employees - Getting Ready for Year End It’s the most wonderful time of the year! ...Said no small business owner, ever. End of the year payroll tax form preparation can be a hassle, and juggling running your small business and ensuring accuracy of all your year end payroll employee’s information can be hectic. But the end of the year doesn’t have to be so stressful for your small business, as long as you’re organized and prepared! So what exactly do you, as a small business owner, have to do in order to prepare for the end of the year? Here are a couple of things that every business owner should complete at this time of year, so that later there’s plenty of time to enjoy holiday cookies and pretending to like your in-laws! Payroll Records Ensure that your [...]