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Cash Basis Accounting vs. Accrual Basis Accounting

Cash basis accounting and accrual basis accounting are two methods used by businesses to record financial transactions.
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Cash Basis Accounting vs. Accrual Basis Accounting

Cash basis accounting and accrual basis accounting are two methods used by businesses to record fina...
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Profits vs. Cash Flows: What’s the Difference and Why Does it Matter?

Understanding financial metrics and what they tell you is key to succeeding in business. Two of the ...
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W-2 and W-4: What You Need To Know

The W-2 is a tax form that employers must submit to the IRS at the end of every year for each of the...
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A Quick Guide to Contractor Tax Forms

Contractor taxes work slightly differently than employee taxes. One of the main differences is the f...
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Your Quick Guide to Business Structures

Once you get your business up and running, you’ll quickly discover a world of legal matters you have...
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Business Valuations: A Quick Guide

As a small business owner, you’re in a unique position. Your most valuable asset isn’t likely to be ...
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What is Fair Market Value and How Do You Calculate It?

A significant part of running a business is knowing the dollar amount your company owns in assets — ...
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How to Calculate Retained Earnings + Examples

Your business might not be profitable in its formative years, leaving you with no option but to push...
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Your Simple Guide to Debits and Credits + Examples

Most people know that debit cards let you spend out of a checking account, while credit cards let yo...
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Advantages of Using an Accounting Software

Still using a shoebox and notebook approach to accounting? Accounting software provides a way for yo...
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How to Calculate Straight Line Depreciation (Formula)

From buildings to machines, equipment and tools, every business will have one or more fixed assets l...
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What is an EIN Number?

Employer Identification Number (EIN) is one of the crucial things you need to know and understand we...
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How to Calculate Net Income (Formula and Examples)

Every running  business needs to determine its annual net income to conclude on its profit or loss m...
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