Cash vs Accrual Accounting: Which Method is Best?
Starting up a business involves major operational decisions. One has to do with how to organize the books. You may be asking should I use cash or accrual accounting?
In 2018, a landmark tax decision was reached. South Dakota vs Wayfair set the tone for state sales tax law in the United States. Word got out to the states, there was a slice of ecommerce pie to be had.
As a CEO or owner, your first priority is not managing finances. You are the executive making decisions and setting the tone for the company. With this title, dually serving as head of finance is counterproductive.
The accounting world is persistently devising ways to be more efficient. Trending within the past five years, is a rise in outsourced accounting firms. This article gives the 3 advantages to outsourced accounting.
As a business owner your finances should be a top priority. But, they should not consume all of your day. When you are short on time, an accountant can come in for the assist.