The table below summarizes most of the accounts (and their types) that you might need to use while doing accounting for your small business. You can find the 8 most common accounts that any small business will have to use for their accounting highlighted in blue. As a business owner, accounting what is manufacturing overhead […]

Instead, they rely on accounting methods such as the first in, first out (FIFO) and last in, first out (LIFO) rules to estimate what value of inventory was actually sold in the period. If the inventory value included in COGS is relatively i forgot to send my contractors a 1099 high, then this will place […]

Doing so sends the wrong signals to the client about your value, and what you can do for their business. What’s changed over the past 4 years on the topic of consulting fees? You set an hourly rate, track your hours, and then bill your client by the hour. The highest-paying cities for accounting consultants […]

Preferred stock is a category of stock that comes with certain rights or features that are different than those granted to common stockholders. Going back to the plus column, preferred stocks are transparent and convenient in a way that individual bonds are not. They trade on a stock exchange, which gives them price transparency and, […]