Basic Accounting


Recent Basic Accounting Articles

Business in a Box

A product review of ProvenEdge, a single software package that handles accounting, bill paying, invoice tracking, financial reporting, and word processing.  Read more

How to Collect from Clients: Walk the Walk, Talk the Talk

Very few entrepreneurs begin their business ventures with the goal ofbecoming collection agents. Unfortunately, some of us have foundourselves in this unw...  Read more

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

How often should you track your numbers? Daily, Ron Friedman insists. The CEO of Stonefield Josephson Inc., an accounting firm in Santa Monica, Calif., sa...  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? Most employees are well acquainted with datab...  Read more

Excellent Service from External Accountants

Gina Slater Parker, CEO of $1 million Hill Slater, in Great Neck, N.Y., appreciates the value of outsourcing her accounting department . S...  Read more

But the Savings Aren't Under the Mattress

Michael Bryant, CEO and sole employee of Career Transition Services (CTS), in Baltimore, believes that for a business his size, financial software...  Read more

Slow Boat to Payment

Most companies assume that a slow payer or a bad credit risk is not worth selling products or services to, but that's not necessarily true," notes Les Kir...  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

Congratulations! Your company's plan for global diversification is a wild success, with orders rolling in from around the world. Now you've got to figure ...  Read more

Letter-Perfect Credit

Doing business overseas can be riskier than selling domestically, unless you have a shrewd sales representative who can negotiate an international...  Read more

Murphy's Form Beats Murphy's Law

With rapid expansion stressing every joint in the company's operation, the last thing anyone at Collectech Systems had time to worry about was paperwork. ...  Read more

Instant Payback

Travel and entertainment reimbursement had always been a hassle for Sales Mark, a sales rep firm in Little Rock, Ark., with $45 million in revenues. "Our ...  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

Justin Fallon, founder of 1-800-SOLD-OUT, in Darien, Conn., presents one-page "job descriptions" to prospective lawyers, accountants and marketing compani...  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

Don't wait for a recession to improve your financial management. Why not set aside an hour now to evaluate the strengths and weaknesses of your c...  Read more

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

"Clarity makes all the difference," says cofounder John Orcutt of VKOS Imaging Services. Sick of late-paying customers, the collection staff at the $1 mil...  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

The mission of Tuffy Auto Centers is "to provide the best automotive service in the industry through a continuous commitment to quality and customer servi...  Read more

Diplomacy for Debts

It's easier to collect money from a satisfied customer than to wring cash from someone with whom you've severed ties. It's essential to write coll...  Read more

Hire Finance: Finding the Right Staff

Options: The Right Staff It's often difficult for business owners who lack specialized financial training to determine what type o...  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?

Mr. Potato Chip Company has been a well-respected New England manufacturer for many years. Recently the company has decided to expand into new markets to ...  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