Single Vs. Double Entry Bookkeeping Most people have used a check register to track their checking or savings account transactions, both deposits and withdrawals. Your checking account register is the best example of a single-entry bookkeeping system. You track your...
Free Resources to help you succeed! There are many resources for the aspiring entrepreneur to utilize in the Biggest Little City. We have a great outreach team up at The University of Nevada, Reno, College of Business through the Small Business Development Center. We...
Here are 2 Income Statement (P&L) Accounting Margins For Small Business Owners Profit & Loss (P&L) Statement Margins: Gross Profit Margin (GPM) = Gross Profit (GP) / Revenue GPM is a metric telling a business what the ratio of Revenue minus COGS (Cost of...
Note: This article was first published on LinkedIn.com on October 13, 2017 By Charley Blewett Tax planning involves taking advantage of all legal deductions, exemptions, business expenses, and other means to legally lower one’s tax liability. It is both legal...