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 […]
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 […]
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 […]
Intro to Double-entry Accounting: Your Pain-free Guide
Recording transactions and keeping financial records are an essential part of owning a business. One way you can keep track of your finances is by using double-entry accounting. Read on to learn what is double-entry accounting and how it can benefit your books. What is double-entry accounting? Double-entry bookkeeping is an accounting method where you […]
Starting a Small Business? Welcome to Financial Management 101.
December 10, 2020 8 min read Opinions expressed by Entrepreneur contributors are their own. This article was written by Mitchell Terpstra, a member of the Entrepreneur NEXT powered by Assemble content team. Entrepreneur NEXT powered by Assemble is a freelance-matching platform leading the future of work. If you’re struggling to find, vet, and hire the right freelancers for your business, Entrepreneur NEXT will […]
How to Set up Accounting Books for Small Business
In business, you must keep records of your transactions in your books. Your accounting books provide a place for you to review your business’s income and expenses and see where you stand financially. By keeping your books organized and up-to-date, you can take control of your finances and make smart business decisions. But before you […]
What Is Accrual Accounting?
As a business owner, you have the important task of choosing an accounting method to record transactions. One method you can use is accrual accounting. And depending on your business, you may have to use the accrual accounting method to record incoming and outgoing money. So, what is accrual accounting? What is accrual accounting? Accrual-based […]
Answering clients’ estate planning questions this December
A friendly, late-middle-aged couple contact you with questions about their estate plan. The hypothetical couple — let’s call them “the Ys” — own a successful chain of home insulation businesses and plan to eventually pass it on to their two children, a math teacher and a musician. Last summer, with the election in mind, the […]
WKU Accounting and Finance student graduates with job offer from Ernst & Young – WKU News
Xuan ‘Kate’ Ngo, a senior from Bien Hoa, Vietnam, who majored in accounting and finance, graduates next week with a bachelor’s degree, certificate in Advanced Professionalism, job offer, and multiple real-world experiences under her belt. She plans to jump straight into the last semester of her master’s program this spring through the WKU JUMP Program […]
What Is a Financial Statement?
Scoot over financial health tunnel vision. You can learn how your business is doing holistically by preparing different financial statements. So, what is a financial statement? What is a financial statement? A financial statement is a collection of your business’s financial information. You can form conclusions about your business’s financial health through financial statement analysis […]