Generally Accepted Accounting Principles (GAAP) measure the financial health of public companies. There are standards within GAAP that provide other accountants with information. The main goal of GAAP is to ensure that financial reporting is transparent and consistent across organizations. What Is GAAP? GAAP refers to a set of accounting principles, procedures, and standards that […]
It’s impossible to predict the future with complete accuracy. However, it’s still important to stay aware of rising business and accounting trends; doing so can put your business on the path to achieving its goals. 2022 is well underway, and today’s business environment is rapidly evolving with new technologies, risks, and customer demands. While pandemic-related […]
The influencer industry was valued at a whopping 13.8 billion dollars in 2021, and it will only continue to grow as more brands turn to influencer marketing. Influencers, even ones with smaller followings, can make a ton of cash via YouTube, Instagram, TikTok, or blogging. It’s clear that, regardless of the medium, influencer accounting is […]
Every business owner wants and needs to make money, but no one wants to have to think about money and cash flow every day and all the time. You need money to keep building and growing your business, and success means you continue to earn back your investment and more in profit. Ideally, however, you […]
Expenses and profits are two of the most vital things small business owners can track. There are at least two ways small business owners can measure funds used to determine business expenses and profitability, which is known as burn rate. You can use the burn rate to establish your business’s economic standing, whether it’s a […]
Tax season can be stressful. When you finally submit your returns in April, you may want nothing more than to set it all aside and stop thinking about taxes until the following year comes around. Unfortunately, forgetting about your tax obligations sets you up for more panic and disaster the following April. If you take […]
At any point in the management of your small business, your small business’s finances will be central to its success. As your business grows and develops, it can become more challenging to pinpoint where to focus your time to ensure your finances are running smoothly. Managing your small business’s finances may be stressful, but there […]
Financial statements serve several purposes for small businesses. While there is more than one financial statement, you may not know which is most appropriate to use for your specific financial calculation. There are also a few limitations to be aware of as well. Here’s an overview of financial statements and the types of financial statements […]
You might be able to start a business with nothing but a good idea and the determination to see it through. Keeping a business running, however, requires a little more in the way of planning and coordination. Maintaining the health of a business and creating sustainable growth requires careful financial management. You have to spend […]
Being a small business owner is an immense and multifaceted job. Running a business involves so many different important and interconnected variables, and you’re responsible for all of them. Accountants can lighten your load by taking responsibility for a few of those variables. But how can an accountant help support you and your small business? […]
