In a small business, the owner ends up wearing many hats to get the product or service delivered, the customers served, and the accounts settled. Within each functional area of a small business, there are even more hats. Although the accounting function might be considered one big hat, there are actually a number of skills […]
Category Archives: Bookkeeping
If your business runs on a calendar year, your fiscal year ended this week. Here are some common year-end adjustments that may need to be made to your books. Retirement Plan Contributions If cash is available at year-end, it’s a great idea to maximize the allowable deductions for the retirement plan you qualify for. One […]