When written on an invoice, “net 30” simply means that the customer has 30 days from the date of the invoice in which to make payment. If, for example, “net[...]

Devaluation is the value of an asset to a business over the useful lifetime of that asset. There are three ways to calculate depreciation, but in essence, it is the[...]

Yes! The government requires banks to report all cash deposits greater than $10,000. This and other guidelines relating to large cash transactions, which apply to all banks and financial institutions,[...]

If you have recently changed, or are considering changing, from “break/fix” to offering managed services, then this article is for you. The Managed Service Provider (MSP) business model can be[...]

In accounting terms, when we talk about gross profit, we are referring to the income that a business has left over after paying all the direct costs related to manufacture[...]

Put simply, an invoice is a way of listing products and services which a business has supplied to a customer. It itemizes those products and services, and their costs, and[...]

Being outstanding at delivering the products and services your business is known for is great - but it’s only part of the picture. The future health and growth of your[...]

Every small business with employees needs to calculate withholding tax so that they can deduct the correct amount from each employee’s paycheck to cover their tax obligations as defined by[...]

For any small business owner, success comes from generating a profit. And generating a profit requires you to set fair prices that more than cover all the costs involved in[...]

So you’ve decided to start a small business? It’s an exciting time and it’s going to require all your commitment to make it a success. But remember that it doesn’t[...]