Basic Accounting


Recent Basic Accounting Articles

Red alert

Discontinuing work on projects for late-paying customers.  Read more

Hotline

Current trends affecting small business.  Read more

Tuning Up for Growth

Evaluating and up-grading financial systems in preparation for intensive growth.  Read more

No pay, no work

Discontinuing work on projects when payments are not made on time.  Read more

Getting Paid

How to make collecting bills as much a part of daily business as making sales.  Read more

Less Filling, Sells Great

To avoid budget and cash flow problems a software company talks its customers into buying less for the short term.  Read more

Fit to Be Sold

Getting your company's financial records in shape for prospective buyers.  Read more

The Search for Grubby Capital

Company specializes in recovering capital by selling off client's excess inventory.  Read more

Straight Talk

Company successfully refocuses its monthly reporting system to reflect financials that mean more to managers.  Read more

The Language of Business

Apart from traditional accounting, a CEO works out his own equations for success.  Read more

Paper Trail

Small company updates corporate minute books for its clients.  Read more

Ask Away

While screening accounting firms, a CEO asks about the kinds of connections the firm has with banks.  Read more

A Confidence Game

Whenever your company's monthly bills are expected to increase significantly, it's time to analyze cash flow.  Read more

Locking Up Good Value

Valuation specialists may be the best way to assess a service company's total worth.  Read more

Taking Stock

Changing your company's inventory accounting to LIFO (last in, first out) is advantageous during inflationary times.  Read more

The Receivables Challenge

What to do if your customers are taking too long to pay their bills.  Read more

Card Collecting

New business information on collecting delinquent card bills.  Read more

Small Company Finances

A chart displaying the financial workings of variously sized companies.  Read more

Bill Collection: The Odds

Chart shows that the longer a bill is overdue, the less likely that it will be paid.  Read more

Getting Bills Paid Early

Dealing with customers who take early-payment discounts when they don't apply.  Read more

Deducting for Conventions

Tax information on convention deductions, property exchanges, and a new IRS computer system.  Read more

Buy Now, Pay Later

Advice from a consultant and past high-tech CFO on how to recognize hidden costs when making purchasing decisions.  Read more

Margin Management

Frustrated with trying to run your company on a budget? Jim McManus has a better way: focus on gross margin.  Read more

How to Save Money On Audits

After you make sure your books are kept in order all year, these 13 steps can cut you auditing fees.  Read more

How Good a Cash Manager are You?

One banker says that the principles of cash management are easy: "Collect fast, pay slow, and invest in the meantime." But sometimes it's just the opposite. ...  Read more