Archive for December, 2012

Accrual Accounting During The Holidays

In the accounting and bookkeeping world, it’s important to understand what accrual accounting means and how important it is during a company’s most busy sales quarter.

What’s accrual? It’s when you account for each financial transaction as it happens—every time you sell a product or service, you record it. In accrual bookkeeping, you record every transaction no matter when payment occurs.

Kids In Business

Did you ever run a lemonade stand, or sell braided bracelets when you were young? Even kids can start their own little business, and start learning about how to manage their financial lives from a young age. Having a small businesses empower anyone, even young people.

We read a great article on Businesspundit.com about kids who started their own business and were quite successful at it. Here are a few things they’ve done: