Basic Accounting


Recent Basic Accounting Articles

An SBDC That Focuses on Cash Flow

To help business owners improve their financial literacy, the Vancouver Small Business Development Center produces a three-day workshop that covers accountin...  Read more

How to Perform a Break-Even Analysis

How many units of stuff—say, how many ham sandwiches, iPhone apps, or hours of consulting services—must you sell in order to cover your costs?  Read more

How to Pay Less in Taxes

Norm Brodsky says the secret to keeping your taxes low is knowing your numbers.  Read more

How to Comply With the New Revenue Recognition Rules

When the Financial Accounting Standards Board updated the business accounting rules earlier this year, Apple was quick to embrace them. Here's a look at how ...  Read more

How to Cut Your Reliance on Credit

Companies that budget based on cash flows can avoid fees and charges, decrease their need for external credit, and improve their overall cash position.  Read more

How to Use EBITDA to Value Your Company

It's not the only number potential buyers look at, but EBITDA will give you a solid idea of how they'll start evaluating your business.  Read more

How to Bring a Food Product to Market

So you can cook, preserve, brew, pickle, or roast with the best of 'em. But is your product ready to compete with the other artisanal goods on the market she...  Read more

Tips for Calculating Your Gross Margin

If it feels like ages since you took Accounting 101, here's a detailed refresher on how understanding gross margins can help you make the right business deci...  Read more

Book Review: Islands of Profit In a Sea of Red Ink

Author Jonathan L. S. Byrnes addresses why 40 percent of your business is unprofitable.  Read more

American Apparel Nears Bankruptcy

With huge losses and slumping sales, the hipster clothing brand says it "may not have sufficient liquidity necessary to sustain operations."  Read more

How to Determine What Type of Financial Professional to Hire

Thinking of hiring a financial professional, but not sure whether you need a bookkeeper, accountant, or chief financial officer? This guide will help you dec...  Read more

How to Understand an Income Statement

At its most basic, the income statement is a breakdown of revenue and expenses. But there’s a lot more to be gleaned from it. Here’s how to start digging...  Read more

5 Ways to Improve Cash Flow

If you’re looking for a quick fix for cash-flow problems, good luck. But if you’re serious about making strategic changes, read on.  Read more

How to Choose a Calendar or Fiscal Year

You've probably noticed that not every business closes its books on December 31. Here's what goes into deciding on a financial reporting period.  Read more

Lessons From a Pawn Star

Rick Harrison of The History Channel show Pawn Stars , doles out advice on keeping the customer satisfied and keeping the peace in a family-run busin...  Read more

How to Choose a Payroll Service

Outsourcing your payroll can save you time and money, not to mention a headache or two.  Read more

How to Switch Banks

When your financial institution doesn't provide the services your company needs as it grows, you should consider making a change.  Read more

Norm Brodsky Explains Turns of EBITDA

What are turns of EBITDA, and why should you care? Our columnist explains.  Read more

Choosing the Right Accountant for Your Business

It's hard to find a good accountant—so hard, in fact, that it has become something of a running joke in the small business world. Here's how to get the rig...  Read more

Accounting for Start-ups

How to do start-up accounting . "Using large company financial tools to measure start-up progress is like giving the SAT to a first grader...  Read more

How to Track Your Company's Critical Numbers

Working with a great accountant is an asset; leaning too hard on one can be a flaw. Here are key steps to boosting financial literacy and keeping a simple gu...  Read more

How to Create a Personal Financial Statement

If you own a small business or are self-employed, this guide will help you track income and expenses on a regular basis.  Read more

How to Choose Business Accounting Software

From QuickBooks to NetSuite, there's plenty of accounting software out there to choose from. Here's how to pick the best one to serve your company's needs.  Read more

How to Protect Your Margins in a Downturn

Here's how companies in 12 industries are faring, plus tips.  Read more

Ask Norm: Business by Numbers 

A reader asks how to deal with a change from using part-time accountants, to a full-time controller.   Watch video

Case Study: When Your Bank Stops Lending

When Able Planet's bank pulled his $2.5 million line of credit, founder Kevin Semcken had to think fast.  Read more

A Buyer's Market: What Is Your Business Worth Now?

As part of Inc.'s 2009 guide to business valuations, we look at why now is a great time to buy a business  Read more

Update: When Prices on Raw Materials Rise

Faced with a spike in wholesale chocolate prices, gourmet chocolate company Choco-Logo raised prices and reexamined its entire cost structure  Read more

How to Navigate Business Insolvency

Advice on bankruptcy, liquidation, reorganization, dealing with creditors, and financial insolvency.  Read more

Ask Inc.: Mixing Business and Personal?

The founders of Preserve and Fairytale Brownies ask about the downside to doing business with friends  Read more

How to Fix Cash-Flow Problems

Cash-flow problems have just a few possible causes. More often than you might think, business is all about the basics  Read more

Renegotiate That Contract

Business owners toss previously-negotiated agreements out the window to bargain for reduced prices.  Read more

Manufacturers Hit by Housing Fallout

Sectors touched by real estate and residential construction performed the worst last year, study finds.  Read more

Factoring Receivables: A Bright Spot in the Credit Crunch?

Find extra funds by factoring receivables during the recession  Read more

Taxes: Share Documents for Free With Pixily

Share tax documents for free with Pixily  Read more