Your business expenses have layers of meaning to them. When you can understand how expenses play a part in profit, you can manage them better. Here’s how to uncover the layers of your business expenses. Let’s start with the most direct expenses. Direct Costs If you have inventory you will have a balance in the […]
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Boost Your Accounting Know-How with These Terms
Impress your accountant and friends with these accounting-related definitions: Fiscal Year Most companies report their results on a calendar year, from January 1 through December 31. Some companies use a different year for reporting, and that’s called a fiscal year. For example, Intuit’s fiscal year runs from August 1 to July 31. A nonprofit commonly […]
Read more...The 10 Biggest Money Leaks in Your Accounting System
A Free Report The last thing most entrepreneurs want is for their hard-earned dollars to go down the drain because of a money leak in their business. Since so many entrepreneurs are working harder than ever before earning their living, it just makes sense to shore up every profit leak possible. But you might not […]
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