Managerial Accounting
Sapna Parakh
Managerial accounting helps the management of a company make various decisions about costs incurred and sales revenue.
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Small Business Profit Explosion
Dhruv Patel
We recognize as a small business owner that sales alone aren't a true measure of your company's success. The earnings of any business are really the key sign of quality. Growing total profit for the year normally requires higher sales, but if you're not careful, the expense of increased sales could result in worse profit margins or even a loss.
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Cloud Accounting
Katrina Marie Echeverria
Everything is done online now; shopping, banking, meeting, classes, sports and accounting and list goes on. With the advancement of businesses online, cloud accounting becomes highly efficient and convenient as a means to manage finances across all business platforms anywhere and anytime.
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Business Ethics Issues in Accounting
Jory Mirtil
The process of making good and moral choices in regard to the preparation, presentation and disclosure of financial information, is ethics in accounting.
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Inventory Costing: FIFO, LIFO, & Average Cost
Sharon Ma
When accounting for inventory, it is important to be consistent in selecting an accounting method as it can have a direct impact on key financial statements.
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Best Accounting Software for Small Businesses
HTH Team
Why would small business owners use accounting software? There are many benefits to utilizing accounting software
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Quickbooks Adjusting Entries
John Velasco
QuickBooks is an essential tool that helps businesses stay on track. Making adjustments is an important step in the accounting cycle. This process occurs after preparing the Trial Balance.
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Statement of Cashflows
Sapna Agnihotri
What Is a Cashflow Statement? A Cashflow Statement is a financial summary of Cash and Cash Equivalents that enter and leave the company within a period.
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Account Reconciliation
Sapna Parakh
Account reconciliations are activities performed by accountants, typically at the end of an accounting period, to ensure the general ledger account balance is complete and accurate.
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Charts of Accounts
Harshal Choudhari
What are Charts of Accounts? Charts of accounts is a list of all ledger accounts and has an identification number assigned to each account.
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Accounting For Nonprofits
Vivianna De La Torre
Accounting for nonprofit organizations holds key differences in comparison to for-profit accounting.
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Six-Step Guide to Creating a Business Budget for Your Small Business
HTH Accounting Team
It’s important to figure out how to create a business budget as a new small-business owner.
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Book-keeping Essentials
Sapna Agnihotri
What is Bookkeeping? Bookkeeping is the process of recording and organizing financial data
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Accounting Cycle
Sapna Agnihotri
What is the accounting cycle? The accounting cycle is the steps in preparing financial statements
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The Reconciliation Process
Sharon Ma
Reconciliation, in accounting, is the process of ensuring that two sets of balances/accounts are in agreement and are accurate.
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Q&A on IRS Form 990
What is IRS Form 990 – Return of Organization Exempt From Income Tax? Do you need to file a 990? A non-profit organization that is tax-exempt is required by the IRS to file a 990 Form on an annual basis.
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Reviewing Profit and Loss Statement
Sapna Agnihotri
What is Profit & loss statement? The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a fiscal quarter or year.
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Debt or Savings? Deciding Which is Best for Your Small Business
Often, when we think of lines of credit it's impossible to not think of debt and the crushing weight of when it when it gets out of control. However, not all debt is bad debt.
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Significance of the Balance Sheet
By: Harshal Choudhari, John Velasco, Sharon Ma ‍
What is a Balance sheet? A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. 
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The American Rescue Plan Act of 2021 Tax Provisions
By: Harshal Choudhari, John Velasco, Sharon Ma
How it affects small businesses, families and individuals according to IRS guidelines.
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Advantages of QBO
If you own a small business, you’re probably juggling a lot with the day to day operations and the thought of dealing with the financial side of things may feel a bit overwhelming.
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