Unless you have zero employees and are very small, chances are you will get the most benefit by keeping track of your books on an accrual basis. Why? Because accrual is about managing and improving performance, profit, and cash. Cash-basis accounting cannot help you do that.
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These stories submitted by CFOWISE became hot on BizSugar
Should You Keep Your Books on a Cash or Accrual-Basis?
Posted by CFOWISE under ManagementFrom http://cfowise.com 4713 days ago
Made Hot by: Small Business Manifesto on June 24, 2011 2:50 am
Top Eleven 2011 Trends for Entrepreneurs
Posted by CFOWISE under ManagementFrom http://www.cfowise.com 4876 days ago
Made Hot by: Monsieur Eraser on January 11, 2011 8:07 am
As we launch into the new year, here are the top 11 trends that entrepreneurs need to be aware of, think about, and for which we should all prepare.
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Report Card on 2010 Entrepreneur Trend Predictions
Posted by CFOWISE under ManagementFrom http://www.cfowise.com 4876 days ago
Made Hot by: Cathode Ray Dude on January 9, 2011 8:41 pm
Here is a look at the predictions I made for 2010 at the end of 2009 so you can see how I did. Of the ten identified trends, I gave myself 4 As, 4 Bs, 1Cs, and a D, for an overall GPA of 3.1.
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Entrepreneur, Pioneer, or Both
Posted by CFOWISE under ManagementFrom http://www.cfowise.com 4913 days ago
Made Hot by: saraib820 on December 1, 2010 6:03 pm
What do entrepreneurs and pioneers have in common? When it comes to adversity, they both have it, but it usually comes from behind. Why? Because there's no one in front of them--they're forging new ground, discovering new opportunities, and charting untamed lands and businesses!
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Entrepreneurial Benevolence
Posted by CFOWISE under ManagementFrom http://www.cfowise.com 4975 days ago
Made Hot by: Entrepreneurosaurus on October 4, 2010 10:48 pm
Even as they struggle to carefully allocate their resources to trying to survive and innovate, entrepreneurs often carry dead-weight on their payroll to help those in need. This practice is more common than you may think!
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How Much Do Your Employees Really Make?
Posted by CFOWISE under Human ResourcesFrom http://www.cfowise.com 5009 days ago
Made Hot by: yoni67 on September 2, 2010 7:01 pm
Your employees make a lot more than they think they do. The next time they complain about not taking home enough, you might want to remind them how much you are actually paying to keep them gainfully employed
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4 Tips to Get the Most From Your Tax Planning
Posted by CFOWISE under TaxesFrom http://www.openforum.com 5049 days ago
Made Hot by: tuckerleroy on July 19, 2010 6:25 pm
It happens way to often - your tax CPA tells you that you should have talked to them sooner and you could have saved taxes. Here are 4 tips reduce your taxes through tax planning
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What's the First Thing You Do Every Day?
Posted by CFOWISE under ManagementFrom http://smallbusiness.aol.com 5052 days ago
Made Hot by: Vincentcromine5 on July 13, 2010 11:35 pm
It's very interesting to compare what you do first to what this list of entrepreneurs does first every day. Bob Parsons is the most interesting - he goes for an 80-100 mile motorcycle ride to clear his head and make a plan for his day
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Are Your Numbers as Deceptive as an Eclipse?
Posted by CFOWISE under FinanceFrom http://www.cfowise.com 5060 days ago
Made Hot by: ShawnHessinger on July 9, 2010 2:43 pm
What does a lunar eclipse have to do with using your numbers to improve cash flow and profits? Everything, according to this article. Learn why performance, when stacked against comparisons against yourself and competitors, is improved through this often over-looked best practice
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5 Lessons Learned from a Lemonade Stand
Posted by CFOWISE under StartupsFrom http://www.cfowise.com 5066 days ago
Made Hot by: Jed on June 29, 2010 6:40 pm
How does your pricing impact your break-even? What does it really cost to run your business? How have you prepared for the greed that enters into a successful business? These and other topics are covered in this interesting article about a lemonade stand created by the author's children
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