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Working Capital & Liabilities

by | Mar 1, 2022 | Small Biz Accounting

Working capital is the difference between a company’s current assets and its current liabilities.  Current assets include cash, inventory, receivables, and other assets which are expected to be turned into cash within one (1) year. Current liabilities include accounts...

Payroll Expenses & Job Cost Allocations

by | Feb 1, 2022 | Small Biz Accounting

  Payroll allocation is important for government contractors because government contractors must follow special FAR guidelines in their accounting. The Federal Acquisition Regulation, or FAR, are regulations that set the rules that the...
The New Lease Standard

The New Lease Standard

by | Jan 3, 2022 | Small Biz Accounting

The New Lease Standard The New FASB Lease Standard Year-end finally feels like a distant memory, and you can breathe again. Do not get too comfortable though. As one door closes, another opens… the new lease standards. You remember hearing about the new lease...

Year End Financial Check 2021

by | Dec 1, 2021 | Small Biz Accounting

It’s that time of year again, and no, I’m not talking about holidays. It’s that time of year when you need to start thinking about closing the books, preparing annual financial statements, and filing tax returns. Year end is when you have to think about all...

Cash Flow Statement

by | Sep 1, 2021 | Small Biz Accounting

Money is essential to any business. Many decisions a business makes often includes the topic of money and funding. Whether a business wants to expand and hire more personnel, or it wants to develop a new product, money is involved. With money flowing quickly in and...
Accounting Firm: Finding The One

Accounting Firm: Finding The One

by | Jul 12, 2021 | Small Biz Accounting

Each year, as your business grows, management of accounting tasks gets trickier. Business priorities shift, whether due to outside factors or your own needs. Sometimes, it can feel like a great weight to handle everything on your own. When this happens, you will start...