Tag Archives: small business

How to Understand a Profit and Loss Statement

While beginning a home business is simple, keeping it running effectively and making sure that all financial information is current can be a rather tedious job, particularly for a company owner who has no knowledge or passion for accounting. This does not have to always hold true because an entrepreneur who does a little bit of research can get the right fiscal information called for to run an effective business.

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Choosing the right small business accountant

Sara
It is important to choose the right small business accountant because accounting is the language of business. It refers to the recording, reporting and analysis of financial data for economic entities such as businesses but also including economic entities such as states and countries. Accounting practitioners are generally referred to as accountants but the discipline of accounting has a number of specialized fields.

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Welcome to J3 Concepts in Accounting

Sara
Double entry bookkeeping is often said to have been invented by a Franciscan monk Luca Pacioli in Milan. In 1494 he wrote the 'Summa de Arithmetica, Geometria, Proportioni et Proportionalita'. He is also said to have been Leonardo Da Vinci’s math teacher. However, in 1458 Benedikt Kotruljević wrote about double entry bookkeeping in: Book on the Art of Trade.

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