Tag Archives: small business

What to know before you enter a partnership

trees partnership

Starting a business is an exciting, if not overwhelming, venture. Starting a business with another person doesn’t have to be daunting. We discuss what you should know before you enter a business partnership. Just follow these steps and you can enter a business partnership with confidence. Ensure your values and goals align The will to […]

What is a suspense account?

What is a suspense account

Have you ever noticed that some transactions in your books are being categorized to a suspense account? Suspense accounts can be confusing. You may have questions such as: What is the purpose of this account? When do you use it? Why does it have a balance?  We will discuss each of these questions one at […]