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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 well as a business owner who runs incorporated business in the United States. When opening a...
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5 Common Accounting Mistakes To Avoid With Your Inventory Management System

Managing inventory is essential in business. In retail, excellent inventory management determines a ...
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How to Succesfuly Prospect On Social Media? By This Simple 4-Step Formula

Tapping into social networks to generate and cultivate leads in a mutually beneficial way provides a...
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When To Start Saving For Retirement And The Mindset Behind It

Experts offer advice on retirement plans, investments, tax law, and when to start saving for retirem...
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Income Statement Basics You Need To Know

The Income Statement is one of the core financial statements used by business owners and their accou...
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A Simple Accounting Definition

All businesses must deal with accounting daily. It is a crucial process for determining the financia...
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24 Basic Accounting Principles Business Owners Must Have

Basic accounting principles underly Generally Accepted Accounting Standards (GAAP), which are princi...
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Inventory Accounting is Not as Difficult as You Think

If you think inventory accounting is too hard, it’s time to rethink, refresh, retool, and restart. W...
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What is Working Capital Formula and Ratio

Every business owner faces challenges daily, but few are as pressing or as stressful as maintaining ...
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Top 5 Companies Leading the Accounting Software Solutions

Accounting is one of the biggest challenges facing any small business owner. Keeping track of all th...
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Expanded Accounting Equation Principle Explained

The basic accounting equation formula is: total Assets =  Liabilities + Equity. It is used in Double...
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What Is the Accounting Balance Sheet?

A balance sheet, or an accounting balance sheet, is one of the key types of financial statements use...
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How To Get The Most Out Of Your Accounting Inventory System

Smart accounting isn’t just about keeping the books and tracking the funds that are coming in or goi...
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Inventory Accounting As You Don't Know It

When you account for inventory, flexibility is the key. You need customization in inventory accounti...
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