Top Small Business Accounting Tips in 2022 Small business owners wear several hats– balancing tasks and challenges in the areas of marketing, hiring, customer service, and financial accounting. Some of the very best basic accounting tips and tricks for small business owners in 2022 include: Accurately Record All Sources of Income Incoming cash flow isn’t …
Helping Small Businesses Achieve their Dreams Minneapolis based Owl Bookkeeping and CFO Services provides a reliability, consistency, and expertise that has helped hundreds of businesses grow beyond their wildest dreams. Our bookkeeping, controller and CFO services provide your business with a dedicated, experienced team working to ensure all financial information is handled both accurately and …
Capital Expenditures Necessary Expenses to Keep Your Business Going Capital expenditures (or CapEx if you are being all in the know) are expenses necessary to keep your business rolling. Some capital expenditures do not have a clear and quantifiable ROI, but they are still important. This list includes furniture, office equipment, computers, and pens (since …
Expenses: SG&A vs COGS What Is SG&A? SG&A stands for Selling, General & Administrative Expense. SG&A is reported on a business’s income statement and reflects the sum of all selling expenses (both direct and indirect). Just what the acronym stands for, it’s the tracking of these three expenses, essentially a summary of all the expenses …
The Complete Guide To SG&A “SG&A Expense.” Maybe, like many things in accounting, you hear this term thrown around without really knowing what it means. SG&A stands for Selling, General, & Administrative Expense. It seems simple, but there are a lot of fuzzy areas around it. For example, how do you define what is and …
Preventing Business Fraud Do you know what is no fun at all? Root canals, parking tickets, being seated exactly eight seconds after the end of happy hour, and fraudulent activity within your business! Many business owners like to think that they’d know if their business were susceptible to fraud. After all, they think, I know …
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