Look at any small business's financial statements and you'll find that it includes a balance sheet. A balance sheet is the place where you lay out your assets and liabilities in one document and see a snapshot of your small business's... Continue
If you're a Costco customer, you can return most items you've purchased, so long as it's within a 90-day period. It's a generous policy. But sometimes it backfires. For example, some of their customers have been known to test the company's... Continue
When analyzing your small business's performance, the accounts receivable turnover ratio is an important metric to know. This ratio evaluates how effectively you are collecting your receivables when customers buy on credit. Specifically,... Continue
Moms do it all.
In fact, recent Pew Research Center reports found that U.S. moms spent, on average, 25 hours a week on paid work in 2016, compared to only nine hours in 1965. They also spent 14 hours a week on childcare, which was up from... Continue
The discount travel service CheapAir.com recently took a look at more than 917 million — yes, that's 917,000,000 — transactions in its database with the aim of figuring out the best time to buy inexpensive airline tickets. If you or... Continue
You know your small business like the back of your hand. You've dedicated hours to its layout and organization, but do you feel the same about your balance sheet?
A recent survey found that 40% of small business owners spent at least 80... Continue
Your small business is growing and you have the opportunity to make an investment in your business. The investment will cost you $30,000 and is estimated to generate $6,000 a year for the next five years. Should you do... Continue
Your small business can't operate efficiently if you don't have your accounting practices down pat. This means that if you're feeling a little shaky on your accounts receivable accounting, you may want to give it another... Continue