Your profits and losses report should include operating earnings, or the profit made before income and tax. Operating earnings is not to be confused with net income, which is the sum income after taxes and expenses. From this data, you can generate all kinds of visual displays, like graphs, which can clearly show fiscal trends from year to year. You […]

So you can work on a proposal while you travel and your team can collaborate on creative copy for your next marketing campaign while everyone works from home. But many businesses have a long way to go before they become paperless. In this guide we’ll look at the benefits of digital documents, and how you can reduce your paperwork to […]

You need to know that you have enough in your accounts to cover any checks that you plan to write. Use your accounting software platform to verify your balances and get a handle on your cash position each day. While you’re at it, you’ll be able to identify trouble spots and make adjustments to improve your business. Business accounting is […]

Here’s an overview of the rules for properly identifying, measuring, and reporting contingencies to provide a fair and complete picture of your organization’s financial position. It’s critical for business owners and managers to understand how to present contingent liabilities accurately in the financial statements. Under U.S. Generally Accepted Accounting Principles (GAAP), some contingent losses may be reported on the balance sheet and income statement, […]