Inventory systems hold detailed records of your products, quantities, stock locations and more of the business’s assets. The main purpose for having a quality inventory system is to maintain up-to-date records of supplies. The additional reasons to maintain correct inventory records are for financial accounting, customer order fulfillment, stock replenishment and having the ability toContinue reading “What’s the Benefit of Maintaining an Inventory System?”
Category Archives: Uncategorized
E-Commerce Tax Considerations
If you run an E-commerce business you’ve got to be prepared for the upcoming items. Payment Gateways Trademarks, copyrights & patents Possible shipping restrictions Specific lease requirements Sales tax laws can be very tricky since the are so different from state to state laws. This large variation in rules is mainly due to the factContinue reading “E-Commerce Tax Considerations”
3 Business Categories You’re Likely Overspending On
Have you ever looked at your P&L at the end of the year and thought, “Wow, I spent a lot of money” Looking at the categories, typically it would appear that you can’t cut costs here or there because everything seems necessary. After reviewing your It’s usually one of two things: not enough money comingContinue reading “3 Business Categories You’re Likely Overspending On”
Save money and stress as a business owner
Typically the more money in the checking account the less you tend to worry but when there’s a smaller amount, this brings the stress. This cycle could be never ending if you don’t begin to manage your money more effectively. We’ll show you 5 strategies to begin to manage your accounts which will lower yourContinue reading “Save money and stress as a business owner”
9 tips to improve working from home
As a remote accounting and consulting firm, our team has mastered the working from home ins and outs, because let’s be honest…Working from home is awesome … right up until you’re in a conference call and your kids start playing ring around the rosie for four hours out of the day. Or today is theContinue reading “9 tips to improve working from home”
SBA LOAN 2020
Small Business Administration 7(a) better known as the SBA Loan is an amazing tool to finance your business.
What’s in a P&L?
What is a Profit & Loss Statement (P&L)? This is a financial statement that easily summarizes revenues, costs and expenses over a specific period of time. This can be monthly, quarterly or yearly depending on the time frame needed. This document provides information about a company’s opportunity to generate additional profits by increasing revenue or reducingContinue reading “What’s in a P&L?”
Is there a difference between a Bookkeeper and an Accountant?
“So you’re an accountant, isn’t that just a fancy name for a bookkeeper?” Well.. then what’s the difference between the two? We get this question all the time, as we jump between titles to perform different tasks and services. So we decided to break it down into the certain jobs that come with each role.Continue reading “Is there a difference between a Bookkeeper and an Accountant?”
TK Accounting & Consulting 