Elevate Your Expertise

By Numbers

Accounting, bookkeeping, and tax tips to help you understand your business finances.

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    Transform Your SME: Outsource Accounts Payable Services

    Welcome all SME business owners. Today we’re going to discuss an important topic if you’re in the retail, construction,…

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    Preliminary Net Income

    Preliminary net income is an important financial metric that represents a business's finances after accounting for all…

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    Accrual to Cash Adjustment: Explanation for Small Business

    The Tax Cuts and Jobs Act (TCJA) of 2017 made significant changes to tax laws, including provisions that allowed more…

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    The Power of the Multi-Step Income Statement for SBOs

    The multi-step income statement is a diagnostic tool. It not only provides a snapshot of financial health but also…

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    How to Calculate Year-over-Year Growth in Business

    Year-over-year (YoY) growth is a critical financial metric that measures the rate of growth from one period to the same…

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    Why You Should Outsource Bookkeeping As a SBO

    Should I outsource my bookkeeping? If only we have a dollar for every time we’ve been asked this question. Let’s face…

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    Accounting for E-commerce: Solid Advice for Setting Up Shop

    Taking your place in the booming e-commerce industry is exciting. According to etailinsights.com there are 9.8 million…

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    Simple Explanation of the Modified Cash Basis of Accounting

    The modified cash basis of accounting is a mixture of the accrual and cash basis accounting systems.

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    Setting Up a Great Chart of Accounts Template: Small Business

    The chart of accounts is the most important template you will set up because it establishes your accounting system.

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