Financial statements...every business produces them...or should. In most small businesses, they are most likely prepared monthly or quarterly and certainly should be prepared more often than only annually. Of course, the more frequently financial statements are...
Warren Buffet once said “Accounting is the language of business and you have to learn it like a language. Your accounting reports are like your scoreboard for your business. If you can’t read the scoreboard, you don’t know the score. If you don’t know the score, you...
If your company makes sales to out-ofstate buyers, do you need to collect state sales tax? Until recently, Supreme Court decisions from the 20th century declared that would not necessarily be the case. Example 1: ABC Corp., based in Alabama, sends a catalogue to...