Accounting Tips and Guides

Accounting Cycle Definition

An accounting cycle looks back in time at the end of a designated period (e.g., monthly, quarterly, or annually). There are several steps in the cycle, beginning when a transaction occurs and ending when you close your books. The second step in the c... Read more

14 Reasons To Not Listen To Suze Orman

It looks a lot like yours, but I failed to break Travel out of the Cash (a.k.a. miscellaneous) category. Jonathon, does the savings category include pre-tax retirement savings (e.g. 401k)? I know you said you were stashing cash for a house purchase b... Read more

How To Calculate Straight Line Depreciation

This post is to be used for informational purposes only and does not constitute legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post.Deter... Read more

Statement Of Retained Earnings Definition

There are periodic adjustments to the account that started at the time the business was initially formed. Your net profit for year 20XZ is $175,000 and you owe $75,000 in dividends to your shareholders. This may influence which products we review and... Read more

Accounting Software For Startups

However, as you know, small business owners often have a constant flood of satisfying milestones, coupled with expanding to-do lists. With your launch, you’ll need to get on top of the accounting tasks that come along with owning a store. The o... Read more

Sg&a Expense Selling, General & Administrative

Operating income looks at profit after deducting operating expenses such as wages, depreciation, and cost of goods sold. Administrative expenses are the costs an organization incurs not directly tied to a specific function such as manufacturing, prod... Read more