Accounting Tips Tuesday - An Introduction
This article introduces a new series called 'Accounting Tips Tuesday' brought to you by Zoho Books which will cover a variety of accounting and bookkeeping basics beneficial for Small Business users as...
View ArticleChoice of Business Entity - Part 1
In this our first ‘theory’ article, we begin a 2-part mini-series on the crucial and significant decision of choosing the right business entity type for your business.
View ArticleChoice of Business Entity - Part 1
Choosing the proper business entity type is a critical and significant business decision that can have major implications on the business. Rob Schaff breaks down the options in this 2 part series.
View ArticleChoice of Business Entity - Part 2
In this 2nd part of our first real content mini-series for Accounting Tips Tuesday, we will look at little more closely at making the decision about configuring the legal structure of your business...
View ArticleAccounting 101 - Part 1
This article begins a two-part mini-series on basic accounting. While we will focus on use of Zoho Books, the concepts apply regardless of the accounting software you might be using.
View ArticleLimited Liability Companies - How Do You Want to Be Taxed?
The importance and benefits of establishing an LLC can be completely overshadowed by the negligence of not making the correct entity taxation election. This article is focused on assisting you in...
View ArticleGAAP - What is it, really?
Generally Accepted Accounting Principles should always be considered, since at some level, they are universal to recording accounting transactions and preparing financial statements.
View ArticleAccounting 101 - Part 2
Assets or Liabilities, that is the question? Debit this, Credit that. In Part 2 of this mini-series we will learn these fundamentals of accounting and see how we can apply them using Zoho Books for our...
View ArticlePayroll and Accrual Entries: The Simple and the Complex
This article provides examples regarding the posting of accrual entries for incurred payroll and payroll-related costs not yet processed using your payroll program.
View ArticleAccounting 101 - Part 3
This article will examine one of the transactions impacting the Profit and Loss statement from our scenario upon which this series is based.
View ArticleAccounting 101 - Part 4
In this article we will examine the topic of 'revenue' and also look at posting income in Zoho Books for our study scenario.
View ArticleWhen is a Partner Also an Employee? Never!
Today’s article discusses the instances in which a partnership or limited liability company treats its partners or members as employees even though tax law prohibits this practice.
View ArticleInventory Accounting 101 – Part 1
Believe it or not, the concepts of 'inventory valuation' really stretch back to the bookkeepers working for both shippers (including Her Majesty's Royal Mail Ships) and Lloyd's of London (the first...
View ArticleInventory Accounting 101 – Part 2
Inventory costing typically uses one of three methods, "Average Cost", "First-In, First-Out" or "Last-In, First-Out". In this article we will look at these three concepts and focus on 'Average Cost',...
View ArticleCapital, Equity or Retained Earnings? Nomenclature Matters
We step away from our mini-series, "Inventory Accounting 101," to discuss the proper identification and nomenclature associated with the equity section of your balance sheet.
View ArticleInventory Accounting 101 - Part 3
This article, that concludes our Inventory Accounting mini-series, provides a comparative analysis of Average-cost, FIFO, and LIFO inventory cost valuation methodologies.
View ArticleReconciliation: Net Income and Cash Flow from Operations
A reader recently wrote in asking if someone could explain reconciliation between net income and cash flow from operations. Rob's explanation was so thorough that I thought it was best published as 'an...
View ArticleThe Mystique of Leases - Part One
In this mini-series, contributing author, Rob Shaff, demystifies the various leases that businesses enter into, which are all too often improperly reported. We will also look at reporting changes...
View ArticleAccounting for Assets – Part 1
This article begins a new mini-series expanding upon the concepts found within our Accounting 101 mini-series and diving more deeply into the 'Asset' section of the Balance Sheet.
View ArticleAccounting Tips Tuesday - An Introduction
This article introduces a new series called 'Accounting Tips Tuesday' brought to you by Zoho Books which will cover a variety of accounting and bookkeeping basics beneficial for Small Business users as...
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