Articles

Accounts Receivable Turnover Ratio | What a Business Owner Should Know

Glancing over the financial statements of a small business, many entrepreneurs will see the names of several accounts and not understand what they are and the importance to their company. For instance, revenue, accounts receivable, interest expense, and cost of goods sold accounts are probably shown on every income statement but what do they mean …

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Business Mileage Log

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 as any time to start one. If you don’t have room in your car for a big notebook or mileage log …

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Types of Accounting Services for Small Businesses

There are a number of services that an accountant can do to help manage the financial information of a small business. Some popular services provided by bookkeeping and accounting firms include accounts receivable, accounts payable, bank reconciliation, credit sales reconciliation, financial statement preparation and preparation of accounting write ups. Additional services offered by bookkeeping firms …

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