Accounting formulas, also known as financial ratios, express relationships among the amounts reported in the financial statements. These ratios can offer insights into the economic health of a business. They can also indicate the reasonableness of the assumptions implicit in any business plan … [Read more...] about Useful Accounting Formulas
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How to Be a Good Bookkeeper Using Quicken
If you’re a new bookkeeper for a business that uses Quicken accounting software, you could probably use a bit of help and encouragement. Let me try to do that here. Specifically, I will explain what you should know about your computer, Windows, and Quicken. And I can explain how you should perform … [Read more...] about How to Be a Good Bookkeeper Using Quicken
Incorporate Your Business: LLC vs. S Corporation
If you’re a new business owner, you may wonder whether or not you should incorporate your business. Well-meaning friends and business colleagues may even have encouraged you to look into the question of “forming an LLC vs. S corp.” It often is a good idea to operate your business as what’s called … [Read more...] about Incorporate Your Business: LLC vs. S Corporation
Determining How Much Life Insurance You Need
When considering life insurance, you’re planning and preparing for an event most of us would rather not think about. But life insurance represents a critical step in managing your personal finances and ensuring your family’s well-being. The Two Approaches to Life Insurance You can use one of two … [Read more...] about Determining How Much Life Insurance You Need
Where Can I Find a Sample Business Plan?
If you need to write a business plan and you haven’t written one before, you may want to first look at a sample business plan. For the obvious reasons, if you can pattern your own plan after a successful sample, you will produce a better plan of your own. The problem with this notion is that real … [Read more...] about Where Can I Find a Sample Business Plan?
Tracking Rental Property with Quicken
No matter which version of the software you use, Quicken provides a handy format for tracking real estate investments such as income property. By using the Quicken software for this recordkeeping, you can prepare summaries of income and expenses by property for monitoring your individual real … [Read more...] about Tracking Rental Property with Quicken