You’ve heard about debits and credits. You know they increase and decrease certain accounts. But, how much do you know about the accounts they affect? There are five types of accounts in accounting. If you don’t know what they are, your crash course has arrived. Read on to learn about the different types of accounts […]
Archives for December 2020
This Retired Mathematician Won $26 Million From State Lotteries … Legally
Know your math like Jerry Selbee, and you can beat the system. Free Book Preview Money-Smart Solopreneur This book gives you the essential guide for easy-to-follow tips and strategies to create more financial success. December 18, 2020 4 min read Opinions expressed by Entrepreneur contributors are their own. A few years ago, Jerry Selbee figured […]
Report: High stakes for losers in Big Pharma vaccine race
With deaths related to the coronavirus continuing to rise globally, the race between big pharma’s research departments has forced those companies to pump funds into a cause that may prove entirely fruitless. “There will of course be winners and losers in the race to find a vaccine,” according to Dr Nicholas Jones, partner and patent […]
The Basics of Payroll Accounting: How to Record Payroll Entries in Your Books
If you’re an employer, you can’t just be on your merry way after paying your employees. You also need to account for payroll expenses in your books. This is where payroll accounting comes into play. To ensure your accounting books are accurate, learn how to record payroll transactions. What is payroll accounting? Payroll accounting is […]
The difference between a business loan and a line of credit
The difference between a business loan and a line of credit | Reckon Blog Blog Post Home > Technology > The difference between a business loan and a line of credit
When Nothing Goes According To Plan, Having A Plan Matters Most
Even if you didn’t experience financial instability in 2020, it’s OK if this feels like a lost year. Be kind to yourself. You don’t have to hustle your way through the pandemic. If you lost some or all of your income, had to delay a big financial step, or had to stop saving for retirement, […]
Temporary e-signature authorization for IRS forms extended
News Procedure & Administration By Sally P. Schreiber, J.D. In a memorandum dated Dec. 11, 2020, the IRS extended the period during which it will accept a number of forms for which it will temporarily allow required signatures in electronic or digital form. The original authorization was from Aug. 28 through Dec. 31, 2020. Due […]
What Is Accounts Payable? The More You Owe
Do you purchase goods or services for your business? Silly question: Of course you do. And, you might not always pay for the items up front. Instead, a vendor sends an invoice. If you receive invoices, you need to manage your accounts payable. What is accounts payable? What is accounts payable? Accounts payable, also referred […]
8 things your invoice needs in order to get paid faster
So you’ve set up your business and sold some products and services. Now, you have to send an invoice to collect your payment. But what should you include on your invoices in order to get paid faster? Even if you’ve been running your business for a while, you might be missing other information that you […]
Spotify Changes Passwords After Another Data Breach
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