Like it or not, managing your accounting books is all part of being a business owner. And if you’re like the majority of entrepreneurs, you probably worry about making accounting mistakes that can ...

Small businesses keep revenue, expense and income summary reports, often referred to collectively as the books, to know exactly how much money is going in and out of the business. At the end of each ...

In our recent article on the flaws in return on equity, we showed how it has no correlation with several different measures of valuation. However, there is one valuation metric, price-to-book (“P/B”), ...

Accountants spend a lot of time learning their craft and keeping current. What many do not do as well is keep up with practice management. An easy way is to read some of the many books on that topic.

No one can ever know everything they need to know about any topic. I find that most business people do not take advantage of the experiences of others to better themselves and their businesses.

Clear Books is an affordable accounting software that offers a robust set of core accounting features, including tax preparation. From its support of various tax types to its auto-updates for changing ...

10-Step Guide to Closing Your Books at the End of the Year Your email has been sent This step-by-step guide will provide you with the necessary information and procedures to effectively close your ...

A cash book, or petty cash log, is a ledger for keeping track of small cash purchases. Some small businesses such as restaurants find cash books especially useful because these companies tend to need ...

Both Zoho Books and QuickBooks Online have earned perfect 5-star ratings in recent evaluations, positioning them as leading contenders in the accounting software market. However, business owners face ...

First came Accounting Book of Records (ABOR), then Investment Book of Records (IBOR), followed by Alternate GAAP view. Now the next generation is here: Multiple Books of Record (MBOR), allowing full ...