Why is bookkeeping so crucial?
Many small business owners bootstrap their businesses. A small business owner does not realize how not keeping a good record of their...
A guide to treat contingent liability
As a business owner, you may have an adverse outcome in a tax court decision that will have an impact on your business. This event is...
Accounting Word of the Week: Deferred Charge
Today we are looking at deferred charge. A deferred charge is a prepaid expense that is regarded as an asset on a balance sheet. This...