Basic Accounting


Recent Basic Accounting Articles

Best Practices: Bill the Customer

Take full advantage of the opportunity that each invoice provides to stay connected with customers and build customer loyalty.  Read more

Income Statements

Keep track of expenses and find out what areas of your business are over budget, or under budget, with an income statement.  Read more

Private Company Stock

Figuring out share price for public companies is a snap. But for private companies, stock pricing can be a complicated and costly process. Inc. 's fi...  Read more

A Can't-Miss Plan for Cutting Costs

Here's how Mike Scimeca drastically cut costs at his chemicals-and-metals supply company after revenue growth slowed.  Read more

Accounting Terms Every Businessperson Should Know

When you're new to the business world, it can seem as though everyone around you is speaking in tongues. This quick glossary of common business accounting te...  Read more

Bookkeeping and Accounting Basics

Keeping track of your business's finances may seem overwhelming, but it's not that hard when you know the basics.  Read more

Cash vs. Accrual Accounting

All businesses need to choose one of these methods of accounting: cash or accrual.  Read more

Who in my company should understand the financial statements?

According to inc.com Finance Capital mentor Stephen King, revealing your company's numbers to employees may help you reach your bottom-line goals.  Read more

Collection No-no's

Ordering information for Twenty-Seven of the Most Dangerous Traps for Creditors and Collectors, a free booklet.  Read more

The Art of the Deal

People assume that the high bid always wins. But looking beneath the surface, you may find factors that are more important to closing the deal.  Read more

The Do-It-Yourself Angel Round

Getting serious about growing your company but can't afford to hire an investment bank? Here's how Mark Torrance, CEO of StockMaster, raised capital with...  Read more

Persuasive Projections

Predicting the future is hard. But when you're making financial projections, that's exactly what you need to do. You can avoid some of the most common mistak...  Read more

Living Business Plans Help Businesses Flow with Future

Sudden, unanticipated changes in your market can have a drastic impact on your business. But you can thwart catastrophe by building flexibility into your bu...  Read more

Cheap Talk

What your phone company won't tell you: New Web sites can ferret out the cheapest rates for long-distance and wireless service. Inc. Technology puts...  Read more

Hitting Pay Dirt

Do you dislike writing and sending invoices? Here's a Web-based timekeeper that also produces invoices for quick, accurate billing.  Read more

Best Practices: Receivable, Credit, and Collections

Properly managed, your accounts receivable process can increase cash flow and support your working capital requirements.  Read more

Meet Stephen King

Meet Stephen King, an inc.com Finance Capital mentor.  Read more

Business for Sale: Payroll Service and Software Developer

Looking for a fast-growth service business with a proven niche? This profile of a payroll-processing company includes the price, the valuation methodology, a...  Read more

Hot Tip: Prepare for a Cash Crisis

Here's why Wayne Karpoff, president of Myrias Software, built a contingency fund into his annual budget.  Read more

Collecting Yourself

Are you a sole proprietor who's having trouble getting paid? Staggering the timing of all long-term jobs can help.  Read more

Best Practices of Board Chairs

Are you taking the lead in a corporate board? Setting the agenda, moving beyond the details to the bigger picture, and building relationships with board memb...  Read more

Rent: The Check's in the Mail

Discover strategies for dealing with late-paying tenants.  Read more

Hot Tip: Combat Vendor's Price Hike

Does a vendor want to raise your rates? You don't have to take it lying down.  Read more

Who Needs a Bank Anyway?

Nontraditional lenders are emerging as a real alternative to bank financing for growth companies.  Read more

Accounts Payable: Catching Costly Errors

A CEO explains how costly errors can be when vendors overbill.  Read more

Collection No-No's

Identify yourself when trying to collect on unpaid bills.  Read more

Quote: Real Leadership

A company builder talks about leadership and responsible management.  Read more

Baby, You Can Drive My Company

Letting go of your company is never easy. One founder offers advice on how she learned to delegate key functions while maintaining control.  Read more

In a Former Life: Itzhak Fisher

Itzhak Fisher, CEO of RSL Communications, discusses the business lessons he learned as treasurer of the Likud party, in Israel, from 1992 to 1994.  Read more

Success by Association

As you start your business, you aren't solely in control of your success. Suppliers, creditors, and your competition will mold your every move. Here leading ...  Read more

Using Critical Numbers: An Action Checklist

To tap the power of critical numbers -- the numbers that determine your company's success -- employees have to see them, understand them, and learn how to mo...  Read more

Swipe These Critical Numbers!

Trying to figure out which critical financial indicators your company should track? Use this list of common measures as a starting point.  Read more

Boosting Performance with Critical Numbers

Learn how to figure out your company's critical numbers -- and how to use them to build a stronger company.  Read more

Letting Go in the Right Way

Worried about the cost of employee benefits? Here's why Nancy Ruddy, president of Cetra/Ruddy Inc., outsourced her human resource functions to a PEO.  Read more

Ann Winblad: My Biggest Mistake

The cofounder of Hummer Winblad Venture Partners, discusses her biggest business mistake.  Read more