Basic Accounting


Recent Basic Accounting Articles

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

Winning Numbers

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

Making Moves, Doing Deals, Screening the News

Three CEOs each review a new software package.  Read more

Communication: Open-Book Management 101

The story of how one company embraced open-book management and what affect it had on the staff.  Read more

Collection: Just Say No

A CEO explains why she will refuse work based on customers' payment histories.  Read more

Raising Capital: One Last-Ditch Solution

A manager explains why her firm factors accounts receivable to solve its cash crunch.  Read more

Figuring Out Your Critical Number

Eight months ago, Critz Inc., a Savannah, Ga.-based auto dealership, made the decision to start living by its crit...  Read more

Are We Making Money Yet?

The story of how the founder of a messenger service transformed herself from a salesperson to a CEO.  Read more

Ledger-demain

Accounting software has the potential to do everything from improving bids to simplifying purchasing decisions.  Read more

Resources: Financial Management 101

Two quick reviews of guides that explain some of the intricacies of financial management.  Read more

The 100-Day Makeover

A close-up look at the changes a company had to make before it could go public.  Read more

Cost Control: Know Thy Overhead

A CFO explains some of the benefits of tracking a company's overhead closely.  Read more

Benchmark: Revving Up Receivables

The results of a survey that asked companies what steps they had taken to speed up collection times.  Read more

Accounting: Incorporation Pros and Cons

An accountant suggests several considerations for entrepreneurs who are interested in incorporation.  Read more

Accounts Payable: Timing Strategies

An auditing expert offers a couple tips on using your accounts-payable system as a source of financing.  Read more

Benchmark: What Taxes You Most?

A look at what financial matters are most troubling to entrepreneurs.  Read more

The Cobbler's Shoes

An experienced accountant explains how she lost sight of the bottom line when she started her own company and why.  Read more

Advisers: Rent a CFO

A company president explains how his business brought in a short-term CFO.  Read more

Well Dun!

A collection-agency owner explains how his company is using technology to increase collections and handle more accounts.  Read more

Benchmark: No Financing? You're Not Alone

Some statistics showing the different methods companies are using for financing.  Read more

Forecasting: Staying on Target

A corporate finance expert offers tips for accurate forcasting and explains why it is so important.  Read more

Advisers: Turn to Your Outside CPA

A CEO and an independent CPA explain some advantages of having financial expertise provided out-of-house.  Read more

Virtual Manager: Beyond Data

A CIO explains how he has transformed his company's data into a powerful information tool.  Read more

LAN of Opportunity

Four business people tell how they selected their local area networks and offer advice in the selection process.  Read more

Perfect Form

An operation manager explains how he creates customized invoices and purchase orders to fit each customer's need.  Read more