Accounting

Learn the art of bookkeeping for real estate with our comprehensive 2024 guide. Master the techniques to track your financial progress effectively.

One key aspect of financial management is understanding and tracking incurred costs. These costs are expenses that a business has already paid or become obligated to pay. Understanding these costs is crucial for effective budgeting and financial planning. By grasping the concept of incurred costs and how they impact your business, you can make informed… Continue reading What are Incurred Costs?

Discover the key to hotel business financial success with our in-depth guide on best practices for bookkeeping. Elevate your hospitality business with expert insights and tips. Read now

As a Chief Financial Officer (CFO) of a software company, it’s important to understand the difference between cash and accrual accounting methods. Both methods are used to keep track of a company’s financial transactions and provide an accurate picture of a company’s financial health. However, the results obtained from each method can be quite different,… Continue reading Cash Accounting vs Accrual Accounting: A Guide for Software Company CFOs

Selling, General, and Administrative Expenses, commonly known as SG&A, represent a crucial financial metric that plays a pivotal role in assessing a company’s operational efficiency and overall financial health. SG&A encompasses a broad spectrum of costs associated with the day-to-day operations and management of a business, excluding direct production expenses.  Understanding SG&A is essential for… Continue reading What is SG&A and why is it important?[with case studies]

A 1099 is a tax form that is used to report various types of income received from non-employee sources. This income may come from freelance work, rentals, investments, or other sources. If you have received a 1099 form, it means that you received more than $600 in non-employee income during the tax year. The form… Continue reading What is 1099?

As a small business owner, you know that accounting is crucial for the success of your business. But have you ever thought about how marketing plays a role in your accounting practices? Accounting marketing is a strategic approach that combines accounting expertise with marketing techniques to attract and retain clients, ultimately driving business growth. Understanding… Continue reading What is Accounting Marketing and how is it useful for you?

Artificial Intelligence (AI) is revolutionizing the way businesses handle their accounting processes. It offers a range of benefits, from automating tedious tasks to providing valuable insights for decision-making. By leveraging AI tools, small businesses can streamline their accounting operations, improve accuracy, and free up time to focus on growing their business. Let’s explore how AI… Continue reading How you can use the power of AI in Accounting

Every business owner today is constantly looking for ways to streamline their operations and improve efficiency. One area where this is particularly important is in accounting. Managing finances manually can be time-consuming and prone to errors, which is why more and more small businesses are turning to accounting automation software. Accounting automation software can help… Continue reading How to Choose the Right Accounting Automation Software for your Small Business