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How to Keep a Cash Receipts & Payments Journal
Cash receipts and payments are bread and butter entries that feed the rest of your accounting system. The paperwork trail that starts with these journals and supporting documents is summarized into...
View ArticleFour Types of Adjusting Journal Entries
Accrual accounting requires a business to record revenues and expenses in the period in which they are earned or incurred, regardless of when payment occurs. When payment occurs on a date that is...
View ArticleHow to Determine Changes in Operating Working Capital
Operating working capital measures the amount of cash required to finance the components of a company’s operating cycle -- the process by which a business buys and sells inventory, pays suppliers and...
View ArticleHow to Plan Vendor Sponsorship Packages for Award Shows
Planning an award show is often a large and expensive undertaking. The fees can quickly mount once production, staff, and all associated costs are added up. To help pay for these expenses, award show...
View ArticleHow to Assemble a Balance Sheet
A balance sheet is a financial statement that shows a company’s financial position at a single point in time. People who use financial statements analyze a company’s balance sheet to determine its...
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GAAP Rules for Petty Cash Funds
The Federal Accounting Standards Board develops the generally accepted accounting principles, or GAAP, which are accepted and used universally by certified public accountants. Businesses use the GAAP...
View ArticleWhat Does the Quick Ratio Measure or Represent?
Business owners and lenders use liquidity ratios to measure a company’s ability to meet its short-term financial obligations. The quick ratio is a type of liquidity ratio that measures the ability to...
View ArticleHow to Make Corrections to Your Profile in Facebook
A small business may opt to use a personal profile in Facebook for the business due to the level of interaction it provides. The information on the profile reflects what you defined when you first...
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How to See Impressions on a Facebook Wall
These days, having a Facebook page for your small business is as basic as having a phone number, website or mailing address. The best Facebook pages engage your customers, build your brand and spread...
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How to Adjust Journal Entries for Notes Receivable and Interest
Receivables represent money others owe your business for credit you extended them. Unlike the less formal account receivable, a note receivable includes a written agreement and typically accrues...
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How to Keep Accounting Records for a Small Restaurant
Even if you run a small restaurant, you will need to keep accounting records in order to file and pay taxes, and understand the financial workings of your business. Some restaurant accounting, such as...
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The Direct Write-off Method
To collect on the amounts owed from customers, a business may make collection attempts including a succession of telephone calls and collection letters. Once all collection efforts have failed, the...
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How Does a Small Business Fail With Lack of a Proper Accounting System?
An accounting system is how a business plans its operating budget and tracks its expenditures and receivables, or income. An accounting system also may handle payroll, taxes and other business...
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How to Calculate Net Income on Condensed Income Statements
An income statement lists a company’s revenues, expenses and net income, or profit. Net income equals total revenue minus total expenses. A condensed income statement reports the same overall...
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How to Figure Out Total Liability & Stockholders' Equity
A balance sheet’s three primary sections are assets, liabilities and stockholders’ equity. Liabilities and equity are the two sources of financing a business uses to fund its assets. Liabilities...
View ArticleTypes of Accounts Used for Small Business Accounting
While their transactions may not be as large, small businesses use the same system of accounts that large companies use. By understanding the five types of accounts and some common accounts of each...
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How Much Heat Does a Printer Give Off?
If you're looking for information about something that customers don't normally evaluate when buying, you're going to have difficulty finding what you're looking for. The question of how much heat a...
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A High Working Capital Turnover Ratio Indicates What?
Working capital is a crucial ingredient to running a small business. It is the money a business has available to spend on its operations after paying off its bills and short-term debts. The working...
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Export & Import Company Information in Microsoft Small Business Accounting 2007
Microsoft Small Business Accounting 2007 was renamed Microsoft Office Accounting 2009 and subsequently discontinued, but customers can continue to receive support from Microsoft through 2019. One of...
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How to Send From Multiple Email Accounts on Windows Small Business Server...
With Microsoft Small Business Server, a user can't send a message from a different Exchange email account simply by typing the alternate email address in the "From" box. The secondary mailbox must be...
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