Basic Accounting


Recent Basic Accounting Articles

Hire Finance

At what point in your company's growth are your bookkeeper and controller out of their league? A look at choosing the right time to hire a CFO, where to find...  Read more

A Daily Dose of Numbers

Tracking numbers on a daily basis can help you spot signs of trouble in your business.  Read more

The Rapid-Reimbursement Expense Report

If a cash report or a calendar can be sent out via e-mail, why can't an expense report be sent the same way?  Read more

Excellent Service from External Accountants

CEOs appreciate the value of outsourcing their accounting departments.  Read more

But the Savings Aren't Under the Mattress

This soloist fends for himself without the help of any financial software.  Read more

Slow Boat to Payment

A CEO makes suggestions for selling to a slow payer.  Read more

Terms of Endearment

Don't sign on new customers until they've agreed to your payment terms.  Read more

Around the World in 30 Days

Here are some strategies for ensuring payment when selling in foreign markets.  Read more

Volunteer for the Draft, Import/Export Financing Article

The president of an export company urges suppliers to "participate in drafting a letter of credit."  Read more

Letter-Perfect Credit

A recommendation on terms to include when negotiating an international letter of credit.  Read more

Worldwide Number-Crunchers

One company that formerly relied on a big accounting firm for sales contract and payment terms in foreign countries turned instead to a smaller firm with an ...  Read more

Murphy's Form Beats Murphy's Law

An electronic expense-reimbursement form saves the day for the frantic salesforce at this fast-growing firm.  Read more

Instant Payback

This company reduced hassles by outsourcing its travel and entertainment reimbursements.  Read more

Forget Spreadsheets

Brodsky stresses that the best way to track monthly sales and gross margins is to do it by hand.  Read more

Hot Tip: Hiring Advisers

Taking the time to clarify up front what you expect from lawyers, consultants and the like will save you time and money in the long run.  Read more

Obits: Packaging Company Diss-ked by AOL

The story of how one thriving business went bust almost overnight when its biggest client stopped paying.  Read more

Shoring Up Your Company's Financial Foundation

Evaluating the strengths and weaknesses of your company's core financial systems can help you better prepare for the future.  Read more

I'd Like to Speed Up Collection. Any Ideas?

Here's how to create a billing cycle that works for you and your customers.  Read more

ABCs of Cost Control

New software promises to expose your true costs and tell you which customers are profitable.  Read more

How Many Accountants Does It Take to Change an Industry?

Now may be the time to find accountants with upgraded skills, lower prices, and customized services.  Read more

Around the World in 180 Days

Inc.'s finance editor speaks with some international businesspeople about collecting international receivables.  Read more

Never Too Small to Manage

A visit with a soloistwho, though he has no employees, uses open-book management and monthly incentive plans.  Read more

The Fed's Books

A noted expert on the nation's debt explains why the U.S. government should use more modern accounting methods.  Read more

Live Your Mission Statement

To give its mission statement real meaning, this auto-center chain held a series of weekend workshops on quality and customer service for its technicians--ma...  Read more

Diplomacy for Debts

A collection agency president offers tips on how to tactfully track down money, with an eye toward preserving customer relationships.  Read more

Hire Finance: Finding the Right Staff

Planning to hire a financial professional? Here's a checklist to help you determine your company's needs and a table of salary benchmarks for some common pos...  Read more

Info-Age Companies Shun Debt and Equity, Embrace Royalties

Here's a look at a financing program based on a royalty-based plan.  Read more

Too Many Customers Pay Late. How Do I Speed Up Collection?

A quick look at how one CEO got quicker payments from slow-paying customers.  Read more

Control Those Credit Cards

Various tax experts offer tips on the special risks entrepreneurs face when they use credit cards for business.  Read more

The Deadbeat Diaries

Excerpts from the dairies of a business owner detailing his 23-month attempt to get final payment from the government.  Read more

Get Paid Promptly

Some expert advice on how small companies can upgrade their collection policies.  Read more

Why Open the Books?

Two entrepreneurs debate the issues surrounding the sharing of a company's financial information.  Read more

How to Keep the Chips from Falling?

Would you shortchange customers to make your company more attractive to investors? That's what happened at a highly regarded New England manufacturer.  Read more

Another Thing, Kid: There's No Such Thing As a Free Lunch

An Inc. 500 company founder tells how he had to hit his son's piggy bank to get lunch money.  Read more

Winning Numbers

A business financial expert details how to pick a good low-end accounting program.  Read more