Accounting 101 for Small Businesses

Basic small business bookkeeping includes tracking your expenses, recording the transactions, and reconciling your business bank statements. It can also include putting together the three key financial statements—the income statement, balance sheet, and cash flow...

What are quick assets?

Quick assets are used to calculate the quick ratio, which is a key metric used to assess a company’s ability to pay its short-term obligations. The quick ratio is calculated by dividing quick assets by current liabilities. The first one uses only cash and...

Trust Accounting Best Practices For Attorneys

Working with an accountant and the right legal practice management software will ensure you have accurate record-keeping—and help avoid the nightmare situation of malpractice. It’s important to online bookkeeping understand that different states will have...
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