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Basic Accounting Help

Free Accounting Spreadsheets for Small Business Owners

Category: Articles

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Manufacturing companies have choices in the way they determine and report their profits. Some choose to utilize the absorption costing income statement while others choose the variable costing income statement. Both income statements offer their own set of advantages and disadvantages. However, the absorption costing method conforms with the generally accepted accounting principles, and it […]

Keep in mind that one of the biggest deductions that you can take off your small business income is your business miles. Hopefully, you kept a good business mileage log. If not…now’s as good a

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