Archive for Accounting
Accounting for Government Contracts
If you are planning to have the U.S. Government as a client, you will need to have your accounting systems set up so you can handle their accounting requirements. Regardless of whether you are engaging in a plain vanilla contract or an SBIR grant, you will be required to negotiate fringe benefit rates, overhead rates, [...]
Three Ways to Increase Your Business - Promotion, Ethics and Excellent Customer Service
By Katherine Evans
A great way to promote your business is by giving speeches. Speeches are basically oral articles with an added benefit of inflection, intonation, gestures, and body language. If you are not a good public speaker, join a group like Toastmasters to improve your presentation skills. Always practice your speech so that you know [...]
Systems Set-Up: Accounting by Project or Customer
When you set up your accounting system, make sure that you have the ability to segregate your accounts by project, customer, or department.
In the early stages of development, it may seem like overkill to separate out all the costs by customer if you are not billing those costs back to your customer. However, three years [...]
Your Financial Statements are NOT Just for the Auditors
In the last three articles, I have given the layout of your financial statements and how they tie into each other. Many non-financial entrepreneurs have told me that financial statements are just not that important and at the end of the day, really it’s only the income statement that matters, anyway.
Well, that is just not [...]
Building Your Cash Flow Statement
Your cash flow statement based on your other statements. All three statements tie into each other.
The first section of your cash flow statement is cash flow from operations. Cash flow from operations shows the cash that is coming into or leaving your company based on your operations.
The first line of your cash flow from operations [...]
