By Philip B. Goodman CPA

ISBN-10: 193292518X

ISBN-13: 9781932925180

Addressing a standard challenge for small-business vendors, this available instruction manual is the most important to knowing the fine details of accounting. Demonstrating the right way to thoroughly hold files and observe bookkeeping ideas, this advisor demonstrates tips on how to retain music of all monetary concerns and video display the final overall healthiness of any enterprise. averting advanced and burdensome accounting jargon, this transparent and concise evaluation interprets the necessities into sensible enterprise language, answering the main commonly asked questions provided to accountants by means of small-business proprietors this day. subject matters coated contain accounting components such as revenues, bills, resources, liabilities, and proprietors' earnings.

Show description

Read Online or Download Accounting Savvy for Business Owners: A Guide to the Bare Essentials PDF

Best small business & entrepreneurship books

A Quick Start Guide to Cloud Computing: Moving Your Business by Dr. Mark I. Williams PDF

The most recent jargon within the electronic international, "cloud computing" leaves many small-business vendors scratching their heads.  At its least difficult, cloud computing permits companies to put off servers and lots more and plenty in their different IT by way of operating their software program online.  Web-based e-mail courses like Yahoo or Hotmail are examples of cloud-based purposes; Microsoft is making its complete workplace suite to be had unfastened within the cloud; Google and others even have productiveness suites within the cloud.

Getting your business wired: using computer networking and by William Kilmer, Visit Amazon's William E. Kilmer Page, PDF

This useful consultant is designed to offer small companies a aggressive facet through the use of machine networking. It explains tips to use networks and the net to percentage assets, documents, functions, undefined, details, and ideas, and take advantage of elevated discounts and earnings.

Download PDF by Ashok Iyengar: WebSphere business integration primer : process server,

Introductory advisor to WebSphere enterprise Integration from IBM   utilizing WebSphere company Integration (WBI) expertise, you could construct an enterprise-wide company Integration (BI) infrastructure that makes it more straightforward to attach any enterprise assets and capabilities, so that you can adapt extra speedy to the calls for of shoppers and companions.

Download PDF by Lloyd Shefsky: Invent, Reinvent, Thrive: The Keys to Success for Any

In modern day doubtful international of industrial, one rule stands above the remaining: as a way to survive--let by myself thrive--you needs to include switch. every thing else comes after. In Invent Reinvent Thrive Kellogg institution of administration Professor Lloyd Shefsky presents the muse and perception any entrepreneur or family members enterprise wishes for long term success--and he backs all of it up with confirmed versions of what works and what does not.

Extra info for Accounting Savvy for Business Owners: A Guide to the Bare Essentials

Example text

Do not configure the customer as non-taxable, because the taxable items won’t generate a sales tax. Instead, apply the zero percent tax to a taxable customer. ) Some states tax only the first XX dollars of a product, and then either reduce the tax or eliminate it. 00 of the sale of tangible property may be taxable. However, if the state sales tax has a limit, the local surtax may not recognize that limit. Or, some local surtaxes may recognize the limit, others may not, and some may have a different limit.

You need to make sure you understand your state’s sales tax rules. Most states have adopted a series of confusing and convoluted rules about the tax rate applied to taxable transactions. You must also be aware of the rules in your customers’ states, and those states’ definitions of whether you have a business presence in those states. Depending on the circumstances, you may be liable for charging, collecting, and remitting sales taxes to the customers’ home state. Many states have a base tax rate, and then impose an additional tax you must add to the base rate (and the total of the two rates is applied to sales of taxable goods and services).

Computer Expenses is too generic for an account name if you want to analyze where your dollars are going; instead, create separate 18 Chapter 2 • Accounting Components accounts for computer repairs & parts, computer support plans, computer software, and so on. Be especially careful about clarity when you name your asset and liability accounts. For example, if you have a loan, name the account so it’s easy to determine which loan it represents. I’ve seen businesses name a liability account Bank Loan for a loan or line of credit and then when they have another type of loan from the same bank (perhaps for a vehicle) they call it Bank Loan 2.

Download PDF sample

Accounting Savvy for Business Owners: A Guide to the Bare Essentials by Philip B. Goodman CPA

by Anthony

Rated 4.50 of 5 – based on 28 votes