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Small Business Accounting News : Cost Accounting and Break-Even Points Sent Friday, May 18, 2012 Hi - As a small business owner your number one goal is to make a profit. You do this by keeping a close eye on the expense of producing your product and adjusting your selling price to keep an acceptable level of profitability. Basic cost accounting is a very important part of maintaining a healthy profitable small business. Learn the basics of cost accounting the easy way with simple examples and explanations. Break-even Point Determining your break-even point can […]

Small Business Accounting News Income, Payroll, and Estimated Taxes Sent Sunday, April 15, 2012 Hi - Income Tax Returns Due: Since your income tax returns are due by the 17th (Tuesday), I wanted to remind you of a couple of tips to keep in mind while you frantically work to finish your taxes this weekend...well...that is what I will be doing... hopefully you were smarter than me and already have yours prepared. The IRS audits more small businesses owners than any other group of income tax filers. One way to get that dreaded audit notice is for your finances to be […]

Small Business Accounting News: Improving Your Bottom Line Sent Friday, February 17, 2012 Hi - Well by now you should have all of last year's financial data entered and are well into setting up and tracking this year's accounting data. Last year was a tough year for our economy. Hopefully you found a way to get tough too and made a good profit. Now's good a time as any to start looking at and crunching your numbers to see what you can do to improve your bottom line. In this month's issue, we will be discussing using cost accounting to do just that. Also […]

Small Business Accounting News: Managing your Business Receipts and Payroll Due Dates Sent Friday, January 13, 2012 Hi - Hope you had a wonderful Christmas and are having a blessed New Year. In this month's issue, we will be discussing the best way to keep track of your business receipts. I spent a hair-pulling day Sunday trying to organize my business receipts to get a head start on my income taxes. I decided there had to be a better way:) Read what I did and see some tips on keeping track of those business receipts: Managing your Business Receipts If this link does not work, […]

Small Business Accounting News-Spreadsheet Error and Mileage Logs Sent Friday, December 30, 2011 Hi - Sorry to bother you at such a busy time, but wanted to let you know that one of my readers reported an error that will affect your balance carryover in the December GL in the automatic accounting spreadsheet for one business. You have 2 options to fix it. You can just download a new corrected version from the link below or you can follow the simple steps below to correct the error yourself. (Note: The new 1 business automatic accounting spreadsheets you can download […]
Small Business Accounting News: Tax Planning, EIN, and Spreadsheets Sent Thursday, December 8, 2011 Greetings , End of the year a busy time for you too? Now through March is the busiest time of the year for me. Besides Christmas shopping, I am trying to do all that fun year end stuff and the new year is approaching a lot faster than I am ready for. So I am making this month's newsletter short and to the point :) Are you thinking about tax time yet? I know it is not something we enjoy thinking about, but there are some things we can do right now to minimize the pain […]

Small Business Accounting News - Keeping Track of Business Receipts Sent Monday, October 3, 2011 Hi- Hope you had a nice weekend. I spent mine packing :) Most of you know my husband has stage 4 cancer and that the doctor said there was nothing more he could do and stopped treatment back in July. Well...God has blessed us and Kevin feels better than he has in years. Sooo we are going on a cruise! It is something we have always wanted to do :) Said all that to say this: I will be out of pocket for about 10 days starting this Friday. If you need anything my daughter will be […]

Small Business Accounting News - Small Business Tools and Spreadsheet Tips Sent Monday, September 12, 2011 Hi- Hope you had a nice weekend. The weather has finally cooled here in Oklahoma. Now I can work in my yard without having a heat stroke, so it was a productive weekend for me (smile). In this month's issue of Small Business Accounting News, I will share with you what my favorite small business tool is. To view the rest of this newsletter online, please click here Most of you know that my husband has stage 4 cancer. Because he is on my insurance at work, I work 40 hours […]

Small Business Accounting News - Balance Sheet Example and New Spreadsheet Sent Tuesday, August 16, 2011 Hi- We finally seen some of that liquid stuff falling out of the sky here in Oklahoma! Still need a lot more rain, but what we did get was a blessing. Continuing on with our Making a Profit series ... Let's dig a little deeper into the subject of analyzing our financial data to see what is working for us and what is not. (See May, June and July issues for the first newsletters in this series.) This month we will be discussing the importance of a balance sheet. To […]

Small Business Accounting News - Preparing an Internal Income Statement Sent Tuesday, July 12, 2011 Hi- Hope you are staying cool in your part of the world. Here in Oklahoma, it is hotter than a firecracker on the 4th of July. Speaking of that holiday, hope all of you in the US and Canada (Canada Day) had a safe and fun holiday. It was too dry at my house to pop firecrackers...the grass crunches when you walk on it; but still had a nice time with family. Praying for rain and cooler weather :-) Internal Income Statement Continuing on with our Making a Profit series ... […]