Definition of Accounting

Accounting is the process of recording and classifying the financial activities of a business.
(Definition continues below)

In addition to simply recording financial events, accounting involves summarizing financial activities and analyzing and interpreting the results.

Accounting References On This Site

These Gaebler.com articles mention this glossary term:

Tips on Small Business Workforce Challenges - Services often contracted include: Security Janitorial Waste management Equipment/mechanical maintenance Merchandise delivery Payroll accounting...
Can MBAs Improve Your Business? - If accounting is your soft spot, take some accounting courses to get up to speed. The end result...
Choosing Point of Sale Equipment - There's software that takes the POS data and uses it to help you with merchandising, forecasting, accounting and inventory control...
Financial Services Franchises - Although the services provided vary by franchise, they typically offer accounting & financial reporting, tax services, investment counseling, payroll services, and...
Hiring a Bookkeeper - A qualified bookkeeper may or may not have a degree in accounting. Some of the best bookkeepers you'll find don...
Independent Contractor Contract Agreements - For example, "accounting services" is not nearly as effective as "completion of...
Investing in Productivity Tools - Depending on the solution, CRM can also be used as a tool for accounting, customer service, and inventory functions...
Small Business Technology Advice - Sure, it would be nice to order a new Blackberry for yourself, but if it means not being able to upgrade your accounting software then you can probably live without it. A...
Managing Expenses - Finally, at the end of the month, make sure your accounting department reconciles purchases against the statement provided by the...
Forming a Purchasing Department - If there are any hidden costs included in the invoice, make sure you understand what they are before you send the invoice to the accounting department for payment...
Tips for Choosing Good Accounting Software - Your first step has to be an assessment of your business' accounting needs. Do you sell goods or services? If you...
Tax Deductions for Home-Based Business Owners - Your accounting software, document programs, and any other software programs you...
Is Accounting Boring? - Who wants to talk about accounting regulations and tax laws...
Collect Slow, Pay Fast - Instead of optimizing your accounting processes to improve cash flow at the expense of...
Developing a Comprehensive Recordkeeping System - Include these operating expenses: Down payments on property, rent, equipment Equipment Legal/accounting services...
Invoicing - Printers can customize forms that include product and business information specific to your business, which makes billing easier for customers to follow and allows for you to avoid excess accounting work down the line when all of your billing...
Journal Entry Procedures - Establishing an effective journal entry procedure can help to shore up your company's accounting and can be very useful in tracking expenditures, capital...
Using Independent Contractors to Avoid Payroll Taxes - Many small business owners rely on independent contractors to meet project deadlines or for specialized tasks such as accounting or IT services...
Choosing a Tax Professional - Depending on your needs, you may want to consider using your tax professional for tax planning consultation or even accounting services. Many times, the most effective tax professionals are...
Filipino Entrepreneur's Story - I sweat over my accounting and dread the day I have to talk to...
Outsourcing Advice for Small Business Owners - Services such as accounting, marketing, advertising, computer graphics and a slew of other...
Pricing Models - There are a number of Managerial Accounting techniques that offer different ways to allocate costs to...
The Sarbanes-Oxley Act: Title III—Audit Committees - The audit committee is "directly responsible for the appointment, compensation, and oversight of the work of any registered public accounting firm." Requiring such a committee makes it more difficult...
The Sarbanes-Oxley Act: Title VII— Past Violators and Investment Banks - This investigation is to covers all securities professionals, including, but not limited to "public accountants, public accounting firms, investment bankers, investment advisers, brokers, dealers, and attorneys...
Receipt of Goods - Your receiving manager should be trained to deliver the bill of receipt to accounting or other necessary parties. Too often I see small...
Valuation Process - Some examples of directly related facts are accounting records, past performance, client relationships, liquidation value, etc. Some...
The Sarbanes-Oxley Act: Help for Small Businesses - The corporate accounting scandals of the early 2000s, which collectively served as...
Hiring a Bookkeeper - While it's true that bringing someone on fulltime is expensive, you need to identify your overall accounting needs before making this decision...
Hedge Fund Regulation - This Act contains provisions on a wide variety of issues, from accounting to prohibited transactions. For example, the record-keeping requirements...
Robert Mondavi and The Mondavi Brand - Mondavi's Woodridge line is their best seller, accounting for about 3/4 of the company's case...
Accounting Terminology for Entrepreneurs: G-L - In this article, we look at accounting terms starting with the letter G-L...
Accounting Terminology for Entrepreneurs: P-Z - This is the last article in our Accounting Terminology for Entrepreneurs series, which we created to introduce entrepreneurs to some of the most commonly used terminologies in accounting...
Balance Sheet Interpretation Part V: Current Liabilities - Many small businesses do not use accrual accounting and, as a result, fail to budget for large...
Opportunity Cost - The accounting cost of going to Disney is $100 ($50+$25...
Independent Contractor Rules - How do you know if somebody you engage is an independent contractor? Let's say you engage your friend Jim to help you with some accounting projects in the office. You write up a short...
Tax Deductions - In addition, the listed accounting entry must adequately explain the legitimate business purpose of...
Interview with Lush Beads Founder Liz Stewart - How naïve! Instead, I spend most of my time focusing on business related issues – inventory, advertising, marketing, accounting, etc. – and very little time making finished jewelry to...
Interview with SECURaGLOBE Solutions Founder Rene Beaulieu - We also offers a franchise type of business to other experts in the field that are not sure about working alone or having to worry about things like sales, marketing, web site, insurance, marketing and accounting...
Interview with LTDchix Co-Founder Nina Frye - Cindi has an accounting background and I have a sales/marketing background...
Interview with Bombilla & Gourd, Inc Co-founder Noah Krinick - At one point or another each of us has worn nearly every hat possible – from handing legal and accounting work to sales routes. The biggest thing for me...
Five Concepts of Finance - Cash cannot be manipulated by accounting procedures, and represents an unbiased benchmark for where the...
Why to Hold Your Real Estate in an LLC - Good legal counsel and accounting advice can help you set up the LLC so...
Dealing with Legal Counsel in Real Estate - Many law firms have their lawyers accounting for their hours in 10 minute increments. This means...
Small Business Accounting Services - In essence, you have four options for small business accounting...
Things An Accountant Can Help With - Small business accountants can help you with bookkeeping, closing the books, and other accounting needs...
Depreciation in Commercial Real Estate - For accounting purposes, you are able to take credit for a...
Budgeting for Capital Repairs - In accounting terms, a capital repair is when you have to...
Family Wealth Transition Planning Book Review - With family business wealth often accounting for the vast majority of a family's assets...
Choosing Point of Sale Equipment - There's software that takes the POS data and uses it to help you with merchandising, forecasting, accounting and inventory control...
Independent Contractor Contract Agreements - For example, "accounting services" is not nearly as effective as "completion of...
Innovation - For example, if your business is accounting, regularly expand your horizons by touching base with other...
Forming a Purchasing Department - If there are any hidden costs included in the invoice, make sure you understand what they are before you send the invoice to the accounting department for payment...
Wearing Too Many Hats - Nowadays there are IT solutions for everything from inventory management to payroll accounting - roles that have traditionally required significant time commitments from...
Recruiting a Board for a Nonprofit Organization - Additionally, you should be on the lookout for candidates with legal, accounting, marketing, fundraising, and even human resource backgrounds. The area...
Best Credit Cards for Small Business Owners - Although using a personal card for business purposes works in theory, experienced business owners have learned that the muddled accounting trail isn't worth the hassle. So bite the...
Personal Guarantee on Business Credit Cards - From an accounting standpoint, a separate business card also goes a long...
Can I Patent a Business Idea? - The technical patent office classification for business method patents is Class 705, which includes sub-categories in health care, insurance, electronic shopping, inventory management, accounting, and finance...
Feedback Controls: Analyzing Strategic Decisions - Financial audits focus on the accounting systems of the firm to ensure their compliance with generally accepted accounting principles and government regulations. With the growing expectations by...
The Sarbanes-Oxley Act: An Introduction - The two largest contributors to the Enron downfall were its use of mark-to-market accounting and the creation of special purpose entities...
Brand Evaluation Metrics - Hence a number of branding models which involve accepted accounting practices are used to compute the true financial value...
Accounting Terminology for Entrepreneurs: M-O - In this article, we look at accounting terms starting with the letter M-O...
Interview with Fatpacking Founder Steve Silberberg - People with full-time jobs don't understand all the business functions you must perform for yourself, such as computer support, secretarial support, accounting and that sort of thing...
Interview with LTDchix Co-Founder Nina Frye - Cindi has an accounting background and I have a sales/marketing background...
Rent vs. Buy - You take the rental rate and multiply it out by the length of stay, accounting for likely bumps in rent...
Automotive Franchises - The auto parts industry is big business, accounting for a major portion of all auto-related sales...
Closing the Sale - If you are selling accounting services, they might ask whether you are willing to...
Offering Stock Options - Sounds like a match made in heaven, right? But not everything is as it seems, at least not since the FASB (Financial Accounting Standards Board) passed new regulations regarding stock options. The...
Online Billing Service Review: BillMyClients.com - Quickbooks accounting software). This online invoicing system strikes just the right...
When to Bring in the Pros - Rather than trying to muddle through your accounting requirements by yourself, you're almost always better off...
How to Prioritize Tasks - For example, if the accounting department is waiting for your department's expense account...
Ideas for Starting a Home Based Business - If you have even a little accounting experience, you may be primed for a tax preparation...
Writing Off Bad Debts - For that to happen, your business will need to employ an accrual method of accounting. An example of a deductible bad debt would be...
Feedback Controls: Analyzing Strategic Decisions - Financial audits focus on the accounting systems of the firm to ensure their compliance with generally accepted accounting principles and government regulations. With the growing expectations by...
The Sarbanes-Oxley Act: An Introduction - The two largest contributors to the Enron downfall were its use of mark-to-market accounting and the creation of special purpose entities...
The Sarbanes-Oxley Act: Title III—Blackout Periods - In the accounting scandals of the early 2000s, these reports were the subject of massive investigations as they contained faulty accounting methods and dishonest record-keeping while often artificially inflated...
The Sarbanes-Oxley Act: Title VIII - In the Enron accounting scandal of 2002, the accounting firm Arthur Anderson was made infamous for shredding and...
Eliminate Waste From Your Operations - Is your sales team completing unnecessary paperwork? Is your accounting department running all over the office trying to find...
Why You Should Take That Entrepreneurship Class - All in all, it touches on a full range of business topics from strategy, to finance, accounting, and marketing...
Rent vs. Buy - You take the rental rate and multiply it out by the length of stay, accounting for likely bumps in rent...
Automotive Franchises - The auto parts industry is big business, accounting for a major portion of all auto-related sales...
Closing the Sale - If you are selling accounting services, they might ask whether you are willing to...
Investing in Productivity Tools - Depending on the solution, CRM can also be used as a tool for accounting, customer service, and inventory functions...
Managing Expenses - Finally, at the end of the month, make sure your accounting department reconciles purchases against the statement provided by the...
Offering Stock Options - Sounds like a match made in heaven, right? But not everything is as it seems, at least not since the FASB (Financial Accounting Standards Board) passed new regulations regarding stock options. The...
Online Billing Service Review: BillMyClients.com - Quickbooks accounting software). This online invoicing system strikes just the right...
Payroll Accounting - That's what payroll accounting does. It keeps track of your company's payroll...
Tips for Choosing Good Accounting Software - Your first step has to be an assessment of your business' accounting needs. Do you sell goods or services? If you...
Tax Deductions for Home-Based Business Owners - Your accounting software, document programs, and any other software programs you...
Is Accounting Boring? - Who wants to talk about accounting regulations and tax laws...
Collect Slow, Pay Fast - Instead of optimizing your accounting processes to improve cash flow at the expense of...
Developing a Comprehensive Recordkeeping System - Include these operating expenses: Down payments on property, rent, equipment Equipment Legal/accounting services...
E-Learning Offerings - For example, if you are looking for online business schools, you can drill down on Business and then choose from a wide variety of concentration areas, such as Accounting, Human Resources or Entrepreneurship...
Invoicing - Printers can customize forms that include product and business information specific to your business, which makes billing easier for customers to follow and allows for you to avoid excess accounting work down the line when all of your billing...
When to Bring in the Pros - Rather than trying to muddle through your accounting requirements by yourself, you're almost always better off...
Small Business Credit Card Mistakes - Then why would you even think about making some company purchases on your business card and some on your personal card? In addition to creating an accounting nightmare, mingling purchases on business and personal cards can...
How to Prioritize Tasks - For example, if the accounting department is waiting for your department's expense account...
Writing Off Bad Debts - For that to happen, your business will need to employ an accrual method of accounting. An example of a deductible bad debt would be...
Choosing a Tax Professional - Depending on your needs, you may want to consider using your tax professional for tax planning consultation or even accounting services. Many times, the most effective tax professionals are...
Filipino Entrepreneur's Story - I sweat over my accounting and dread the day I have to talk to...
Benefits of an Entrepreneurship Degree - For this purpose, many universities run interdisciplinary programs that integrate entrepreneurship degrees with others degrees, such as accounting, economics, communications, business ethics, finance, human resources management, and...
Obtaining Funding From a Venture Capitalist - Here are some of the basic criteria venture capitalists consider before conducting further research into a business: Accounting and projections...
Outsourcing Advice for Small Business Owners - Services such as accounting, marketing, advertising, computer graphics and a slew of other...
Benefits of an Entrepreneurship Degree - Most entrepreneurial degrees cover the basics of any other business degree, like management, accounting and basic marketing, but students with a degree in...
Pricing Models - There are a number of Managerial Accounting techniques that offer different ways to allocate costs to...
The Sarbanes-Oxley Act: Title II - In theory, once there is a wall of separation built between the interests of the client and the interests of the accounting firm, auditors will be less susceptible to augmenting financial accounting information to their clients' favor...
The Sarbanes-Oxley Act: Title III—Audit Committees - The audit committee is "directly responsible for the appointment, compensation, and oversight of the work of any registered public accounting firm." Requiring such a committee makes it more difficult...
The Sarbanes-Oxley Act: Title III—Blackout Periods - In the accounting scandals of the early 2000s, these reports were the subject of massive investigations as they contained faulty accounting methods and dishonest record-keeping while often artificially inflated...
The Sarbanes-Oxley Act: Title VII—Accounting Firms and Credit Rating Agencies - The first study is meant to identify the reasons and factors leading to "the consolidation of public accounting firms since 1989...
The Sarbanes-Oxley Act: Title VII— Past Violators and Investment Banks - This investigation is to covers all securities professionals, including, but not limited to "public accountants, public accounting firms, investment bankers, investment advisers, brokers, dealers, and attorneys...
Business Opportunities - Wind Energy - It requires a relatively smaller outlay and even after accounting for transmission and distribution costs, it could provide good...
Goals of Your Advertising Message - A more conservative and professional company such as a bank or accounting firm should stay with how they want to be...
Receipt of Goods - Your receiving manager should be trained to deliver the bill of receipt to accounting or other necessary parties. Too often I see small...
Economic Value - The book value is the value of a business or a portion of a business that is stated in financial statements and accounting records. This value is often lower than the market...
Valuation Process - Some examples of directly related facts are accounting records, past performance, client relationships, liquidation value, etc. Some...
Hedge Fund Administration - Administration includes the handling of money and securities, marketing, accounting, etc. The management company could either take care of...
Efficient Market Hypothesis - This includes information found from past prices and volumes, information from published accounting statements, and information found in annual reports. Not only...
Eliminate Waste From Your Operations - Is your sales team completing unnecessary paperwork? Is your accounting department running all over the office trying to find...
Phantom Stock and Stock Appreciation Rights - For tax and accounting purposes, phantom stocks and SARs (when issued in cash...
Hiring a Bookkeeper - While it's true that bringing someone on fulltime is expensive, you need to identify your overall accounting needs before making this decision...
Hedge Fund Regulation - This Act contains provisions on a wide variety of issues, from accounting to prohibited transactions. For example, the record-keeping requirements...
Robert Mondavi and The Mondavi Brand - Mondavi's Woodridge line is their best seller, accounting for about 3/4 of the company's case...
Accounting Terminology for Entrepreneurs: G-L - In this article, we look at accounting terms starting with the letter G-L...
Accounting Terminology for Entrepreneurs: P-Z - This is the last article in our Accounting Terminology for Entrepreneurs series, which we created to introduce entrepreneurs to some of the most commonly used terminologies in accounting...
Balance Sheet Interpretation Part III: Price-to-Book Ratio - When using price-to-book ratios to value a business, you must also consider the conventions of accounting. In some cases, assets may be shown at their...
Balance Sheet Interpretation Part V: Current Liabilities - Many small businesses do not use accrual accounting and, as a result, fail to budget for large...
Using Consultants - For example, if you are hiring an accounting consulting firm to create reports, make sure this is...
Opportunity Cost - The accounting cost of going to Disney is $100 ($50+$25...
PayCycle Payroll Service Review - As such, PayCycle has earned several awards for its solutions from publications such as CPA Technology Advisor, Accounting Today, and PC Magazine. They won PC Magazine's...
How to Choose a Payroll Service - They may provide benefits consulting services, banking services, or accounting services for example. Some small businesses like a payroll...
Obtaining Funding - Friends and Family - For example, if your uncle is an accountant, he may be willing to help with some accounting services and that could free up several hundred dollars...
Interview with Lush Beads Founder Liz Stewart - How naïve! Instead, I spend most of my time focusing on business related issues – inventory, advertising, marketing, accounting, etc. – and very little time making finished jewelry to...
Interview with Tatango Founder Derek Johnson - In addition, we have an advisory board of nine volunteer members that advise us on legal, accounting, business, and marketing and have been a great asset...
Interview with All Ways Consulting Founder Michelle Paquette - I educated myself on all aspects of business operation—from accounting to website development to networking...
Interview with Six Disciplines Founder Gary Harpst - In 1980, I co-founded and was the CEO of a microcomputer accounting software firm called Solomon Software. From 1980 through 2000...
Why You Should Take That Entrepreneurship Class - All in all, it touches on a full range of business topics from strategy, to finance, accounting, and marketing...
Why to Hold Your Real Estate in an LLC - Good legal counsel and accounting advice can help you set up the LLC so...
Dealing with Legal Counsel in Real Estate - Many law firms have their lawyers accounting for their hours in 10 minute increments. This means...
Become an Entrepreneur After Your MBA - Having a business of your own means that you would be applying concepts learned in strategy, finance, accounting, marketing and technology management classes. Running your own business...
Small Business Accounting Services - In essence, you have four options for small business accounting...
The Concept of Asset Depreciation Part 1 - This also conforms to the matching principle of accounting which requires that the expense of assets should be...
Family Wealth Transition Planning Book Review - With family business wealth often accounting for the vast majority of a family's assets...
Interview with Kidzsack Founder Tina Hill - I’m learning the business end of things as I go along…what I would do to have an accounting/business background!! I guess you can’t have it...
Small Business Technology Advice - Sure, it would be nice to order a new Blackberry for yourself, but if it means not being able to upgrade your accounting software then you can probably live without it. A...
Journal Entry Procedures - Establishing an effective journal entry procedure can help to shore up your company's accounting and can be very useful in tracking expenditures, capital...
Using Independent Contractors to Avoid Payroll Taxes - Many small business owners rely on independent contractors to meet project deadlines or for specialized tasks such as accounting or IT services...
Running an Efficient Office - In one instance, I witnessed Accounting using the copier more than any other department yet...
The Sarbanes-Oxley Act: Help for Small Businesses - The corporate accounting scandals of the early 2000s, which collectively served as...
Introduction to Financial Statements - Accountants who prepare financial statements much also follow accounting conventions, rules, and regulations. In the United States, accounting...
Independent Contractor Rules - How do you know if somebody you engage is an independent contractor? Let's say you engage your friend Jim to help you with some accounting projects in the office. You write up a short...
Interview with SECURaGLOBE Solutions Founder Rene Beaulieu - We also offers a franchise type of business to other experts in the field that are not sure about working alone or having to worry about things like sales, marketing, web site, insurance, marketing and accounting...
Interview with Bombilla & Gourd, Inc Co-founder Noah Krinick - At one point or another each of us has worn nearly every hat possible – from handing legal and accounting work to sales routes. The biggest thing for me...
Good Tools for the Self Employed - By getting your accounting online, you can also put an end to spending...
Budgeting for Capital Repairs - In accounting terms, a capital repair is when you have to...
How to Accept Credit Cards - A very important aspect to consider is whether the transaction equipment or software you will use to accept credit cards will integrate with your company's computer system and accounting procedures...
Tips on Small Business Workforce Challenges - Services often contracted include: Security Janitorial Waste management Equipment/mechanical maintenance Merchandise delivery Payroll accounting...
Can MBAs Improve Your Business? - If accounting is your soft spot, take some accounting courses to get up to speed. The end result...
Financial Services Franchises - Although the services provided vary by franchise, they typically offer accounting & financial reporting, tax services, investment counseling, payroll services, and...
Hiring a Bookkeeper - A qualified bookkeeper may or may not have a degree in accounting. Some of the best bookkeepers you'll find don...
Business Plan Software - Another nice feature to look for is the ability to import financial data from an accounting program. This may not seem like a "must-have...
Ideas for Starting a Home Based Business - If you have even a little accounting experience, you may be primed for a tax preparation...
End of Year Tax Tips - That's your money in minus your money out, or revenues minus expenses if you want to use accounting lingo...
Balance Sheets - From an accounting perspective, shareholders' equity is a company's total assets...
The Sarbanes-Oxley Act: Title I - All public accounting firms are required to register with the Board in order to continue operating and providing accounting services...
The Sarbanes-Oxley Act: Title IV - Through this deceptive accounting procedure, shareholders were informed of the great amounts of...
The Sarbanes-Oxley Act: Title VIII - In the Enron accounting scandal of 2002, the accounting firm Arthur Anderson was made infamous for shredding and...
Simplicity in Business - Make sure your accounting system is working as well as possible for your...
Estimating Startup Costs - Otherwise, the accounting of your small business or startup will be problematic...
Product Samples - Our sales representatives are constantly asking for more samples while our accounting department groans about the overall cost...
Tax Deductions - In addition, the listed accounting entry must adequately explain the legitimate business purpose of...
Five Concepts of Finance - Cash cannot be manipulated by accounting procedures, and represents an unbiased benchmark for where the...
Founder of Collar Free Discusses Switch from Employee to Entrepreneur - I got a master's in accounting so I could manage the finances in business, I...
Where to Focus Your Capital: Operations Versus Sales & Marketing - In order to properly determine whether or not the operations capital expenditure is worth it, you need to make sure you have a good grasp on your cost accounting...
Should My Real Estate Venture be a REIT? - There are two big disadvantages in using a REIT structure: capital management and accounting requirements including calculating funds from operations (FFO...
Things An Accountant Can Help With - Small business accountants can help you with bookkeeping, closing the books, and other accounting needs...
Breaking Down Break-Even Analysis Part -1 - Projected average per-unit revenue: This is the price you would obtain by selling a unit, (accounting for trade discounts and special offers as well). Where...
Depreciation in Commercial Real Estate - For accounting purposes, you are able to take credit for a...
Accounting Software Review - I will review the top 3 choices of accounting software for your small business below: Quickbooks: The #1 small business accounting software, Quickbooks has established its dominance in the small business accounting markets and has had the opportunity to garner customer...
How to Accept Credit Cards - A very important aspect to consider is whether the transaction equipment or software you will use to accept credit cards will integrate with your company's computer system and accounting procedures...
Business Plan Software - Another nice feature to look for is the ability to import financial data from an accounting program. This may not seem like a "must-have...
Recruiting a Board for a Nonprofit Organization - Additionally, you should be on the lookout for candidates with legal, accounting, marketing, fundraising, and even human resource backgrounds. The area...
Business Opportunities - Wind Energy - It requires a relatively smaller outlay and even after accounting for transmission and distribution costs, it could provide good...
Goals of Your Advertising Message - A more conservative and professional company such as a bank or accounting firm should stay with how they want to be...
Efficient Market Hypothesis - This includes information found from past prices and volumes, information from published accounting statements, and information found in annual reports. Not only...
Become an Entrepreneur After Your MBA - Having a business of your own means that you would be applying concepts learned in strategy, finance, accounting, marketing and technology management classes. Running your own business...
Breaking Down Break-Even Analysis Part -1 - Projected average per-unit revenue: This is the price you would obtain by selling a unit, (accounting for trade discounts and special offers as well). Where...
Payroll Accounting - That's what payroll accounting does. It keeps track of your company's payroll...
Wearing Too Many Hats - Nowadays there are IT solutions for everything from inventory management to payroll accounting - roles that have traditionally required significant time commitments from...
Best Credit Cards for Small Business Owners - Although using a personal card for business purposes works in theory, experienced business owners have learned that the muddled accounting trail isn't worth the hassle. So bite the...
Small Business Credit Card Mistakes - Then why would you even think about making some company purchases on your business card and some on your personal card? In addition to creating an accounting nightmare, mingling purchases on business and personal cards can...
Personal Guarantee on Business Credit Cards - From an accounting standpoint, a separate business card also goes a long...
Benefits of an Entrepreneurship Degree - For this purpose, many universities run interdisciplinary programs that integrate entrepreneurship degrees with others degrees, such as accounting, economics, communications, business ethics, finance, human resources management, and...
Obtaining Funding From a Venture Capitalist - Here are some of the basic criteria venture capitalists consider before conducting further research into a business: Accounting and projections...
Balance Sheets - From an accounting perspective, shareholders' equity is a company's total assets...
Benefits of an Entrepreneurship Degree - Most entrepreneurial degrees cover the basics of any other business degree, like management, accounting and basic marketing, but students with a degree in...
Running an Efficient Office - In one instance, I witnessed Accounting using the copier more than any other department yet...
The Sarbanes-Oxley Act: Title I - All public accounting firms are required to register with the Board in order to continue operating and providing accounting services...
The Sarbanes-Oxley Act: Title II - In theory, once there is a wall of separation built between the interests of the client and the interests of the accounting firm, auditors will be less susceptible to augmenting financial accounting information to their clients' favor...
The Sarbanes-Oxley Act: Title IV - Through this deceptive accounting procedure, shareholders were informed of the great amounts of...
The Sarbanes-Oxley Act: Title VII—Accounting Firms and Credit Rating Agencies - The first study is meant to identify the reasons and factors leading to "the consolidation of public accounting firms since 1989...
Economic Value - The book value is the value of a business or a portion of a business that is stated in financial statements and accounting records. This value is often lower than the market...
Hedge Fund Administration - Administration includes the handling of money and securities, marketing, accounting, etc. The management company could either take care of...
Where to Focus Your Capital: Operations Versus Sales & Marketing - In order to properly determine whether or not the operations capital expenditure is worth it, you need to make sure you have a good grasp on your cost accounting...
The Concept of Asset Depreciation Part 1 - This also conforms to the matching principle of accounting which requires that the expense of assets should be...
Accounting Software Review - I will review the top 3 choices of accounting software for your small business below: Quickbooks: The #1 small business accounting software, Quickbooks has established its dominance in the small business accounting markets and has had the opportunity to garner customer...
Innovation - For example, if your business is accounting, regularly expand your horizons by touching base with other...
E-Learning Offerings - For example, if you are looking for online business schools, you can drill down on Business and then choose from a wide variety of concentration areas, such as Accounting, Human Resources or Entrepreneurship...
Can I Patent a Business Idea? - The technical patent office classification for business method patents is Class 705, which includes sub-categories in health care, insurance, electronic shopping, inventory management, accounting, and finance...
End of Year Tax Tips - That's your money in minus your money out, or revenues minus expenses if you want to use accounting lingo...
Simplicity in Business - Make sure your accounting system is working as well as possible for your...
Phantom Stock and Stock Appreciation Rights - For tax and accounting purposes, phantom stocks and SARs (when issued in cash...
Estimating Startup Costs - Otherwise, the accounting of your small business or startup will be problematic...
Product Samples - Our sales representatives are constantly asking for more samples while our accounting department groans about the overall cost...
Brand Evaluation Metrics - Hence a number of branding models which involve accepted accounting practices are used to compute the true financial value...
Introduction to Financial Statements - Accountants who prepare financial statements much also follow accounting conventions, rules, and regulations. In the United States, accounting...
Accounting Terminology for Entrepreneurs: M-O - In this article, we look at accounting terms starting with the letter M-O...
Balance Sheet Interpretation Part III: Price-to-Book Ratio - When using price-to-book ratios to value a business, you must also consider the conventions of accounting. In some cases, assets may be shown at their...
Using Consultants - For example, if you are hiring an accounting consulting firm to create reports, make sure this is...
PayCycle Payroll Service Review - As such, PayCycle has earned several awards for its solutions from publications such as CPA Technology Advisor, Accounting Today, and PC Magazine. They won PC Magazine's...
How to Choose a Payroll Service - They may provide benefits consulting services, banking services, or accounting services for example. Some small businesses like a payroll...
Obtaining Funding - Friends and Family - For example, if your uncle is an accountant, he may be willing to help with some accounting services and that could free up several hundred dollars...
Interview with Tatango Founder Derek Johnson - In addition, we have an advisory board of nine volunteer members that advise us on legal, accounting, business, and marketing and have been a great asset...
Interview with Fatpacking Founder Steve Silberberg - People with full-time jobs don't understand all the business functions you must perform for yourself, such as computer support, secretarial support, accounting and that sort of thing...
Interview with All Ways Consulting Founder Michelle Paquette - I educated myself on all aspects of business operation—from accounting to website development to networking...
Interview with Six Disciplines Founder Gary Harpst - In 1980, I co-founded and was the CEO of a microcomputer accounting software firm called Solomon Software. From 1980 through 2000...
Good Tools for the Self Employed - By getting your accounting online, you can also put an end to spending...
Founder of Collar Free Discusses Switch from Employee to Entrepreneur - I got a master's in accounting so I could manage the finances in business, I...
Should My Real Estate Venture be a REIT? - There are two big disadvantages in using a REIT structure: capital management and accounting requirements including calculating funds from operations (FFO...
Interview with Kidzsack Founder Tina Hill - I’m learning the business end of things as I go along…what I would do to have an accounting/business background!! I guess you can’t have it...