{"id":6502,"date":"2019-09-22T02:28:34","date_gmt":"2019-09-22T02:28:34","guid":{"rendered":"http:\/\/on-line-interactivity.com\/blog\/2019\/09\/22\/index-3-8\/"},"modified":"2019-09-22T02:28:34","modified_gmt":"2019-09-22T02:28:34","slug":"index-3-8","status":"publish","type":"post","link":"https:\/\/on-line-interactivity.com\/blog\/index-3-8\/","title":{"rendered":"Index 3"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p><body>&#13;<\/p>\n<div align=\"center\">&#13;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"https:\/\/on-line-interactivity.com\/blog\/wp-content\/uploads\/2019\/12\/abbtop.jpg\" width=\"800\" height=\"120\"\/><\/p>\n<p>&#13;<\/p>\n<table width=\"800\" border=\"0\" cellspacing=\"0\" cellpadding=\"5\" height=\"627\">\n<tr>\n<td colspan=\"2\" height=\"11\" width=\"790\">&#13;<br \/>\n\t  &#13;<br \/>\n<script type=\"text\/javascript\"><![CDATA[<!--\ngoogle_ad_client = \"pub-5712520513640847\";\ngoogle_ad_width = 728;\ngoogle_ad_height = 90;\ngoogle_ad_format = \"728x90_as\";\ngoogle_ad_type = \"text\";\ngoogle_ad_channel =\"\";\ngoogle_color_border = \"FFFFFF\";\ngoogle_color_bg = \"FFFFFF\";\ngoogle_color_link = \"0000FF\";\ngoogle_color_url = \"008000\";\ngoogle_color_text = \"000000\";\n\/\/-->]]><\/script><script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\"><![CDATA[\n        ]]><\/script><\/td>\n<p>&#13;<br \/>\n    <\/tr>\n<tr>\n<td width=\"278\" valign=\"top\" bgcolor=\"#C2D5FC\" bordercolor=\"#CCCCCC\" height=\"602\" align=\"left\" bordercolorlight=\"#FF6600\" bordercolordark=\"#FF6600\">&#13;<\/p>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"border-collapse: collapse\" bordercolor=\"#111111\" width=\"100%\" id=\"AutoNumber1\">\n<tr>\n<td width=\"100%\"><b>&#13;<br \/>\n          <font color=\"#FB7014\" face=\"Tahoma\" size=\"2\">Read Articles:<\/font><\/b><\/td>\n<p>&#13;<br \/>\n        <\/tr>\n<\/table>\n<p align=\"left\"><b><font face=\"Tahoma\" size=\"2\"><br \/>&#13;<br \/>\n\u00a0<a href=\"first-steps-to-starting-your-own-small-business.html\">First Steps to Starting Your Own Small Business <\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"track-customer-response-with-an-autoresponder-s.html\">Track Customer Response with an Autoresponder S&#8230;<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"how-to-get-that-promotion.html\">How To Get That Promotion<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"the-7-keys-to-asking-clients-the-right-questions.html\">The 7 Keys to Asking Clients the Right Questions<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"database-marketing--using-point-of-sale-data-to.html\">Database Marketing: Using Point-of-Sale Data to&#8230;<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"how-to-become-the-next-home-business-success-st.html\">How To Become The Next Home Business Success St&#8230;<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"a-40-million-dollar-little-known-referral-stra.html\">A $40 Million Dollar Little Known Referral Stra&#8230;<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"tips-to-supercharge-your-small-online-business.html\">Tips to Supercharge Your Small Online Business<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"factoring-financing--how-to-grow-your-business.html\">Factoring Financing: How to grow your business &#8230;<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"looking-for-the-best-opinion-relating-to-brokers..html\">Looking for the best opinion relating to brokers.<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"fire-your-customers.html\">Fire Your Customers<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"mystery-shopping-for-fun-and-profit.html\">Mystery Shopping for Fun and Profit <\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"so-good-you-can-sell-a-ketchup-popsicle-to-a-wo.html\">So Good You Can Sell a Ketchup Popsicle to a Wo&#8230;<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"what-you-should-know-before-copying-contracts-f.html\">What You Should Know Before Copying Contracts f&#8230;<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"small-business-pricing-strategies.html\">Small Business Pricing Strategies<\/a><\/p>\n<p>&#13;<br \/>\n      More Article Pages&#13;<br \/>\n<a href=\"index.html\">1<\/a> &#8211; <a href=\"index-2.html\">2<\/a> &#8211; <a href=\"index-3.html\">3<\/a><br \/><\/font><\/b>&#13;\n      <\/p>\n<p>\u00a0<\/p>\n<\/td>\n<p>&#13;<\/p>\n<td width=\"502\" valign=\"top\" height=\"602\" align=\"left\">&#13;<br \/>\n      <font color=\"#FF6600\" size=\"5\"><b class=\"titler\">Picking A Small Business &#13;<br \/>\n      Accounting Program<\/b><\/font><br \/>&#13;<br \/>\n      \u00a0by:<font color=\"#FF6600\"> <b class=\"author\">Stephen L. Nelson, CPA<\/b>&#13;<br \/>\n      <\/font>&#13;<\/p>\n<p>A small business accounting program should accomplish three tasks: &#13;<br \/>\n      track income and expenses, generate business forms, and keep detailed &#13;<br \/>\n      records for other assets and liabilities. <\/p>\n<p>&#13;<\/p>\n<p>Tracking Income and Expenses <\/p>\n<p>&#13;<\/p>\n<p>The task of tracking a business\u0092s income and expense is really the most &#13;<br \/>\n      important job of an accounting system. If you own or manage a small &#13;<br \/>\n      business, obviously, you need some tool for measuring your income and your &#13;<br \/>\n      cash flow. <\/p>\n<p>&#13;<\/p>\n<p>Although checkbook programs like Quicken and Microsoft Money does &#13;<br \/>\n      little more than keep a checkbook, you can actually keep financial records &#13;<br \/>\n      for a business right out of a checkbook. To do this, you simply categorize &#13;<br \/>\n      deposits as falling into some income category. And when you write a check &#13;<br \/>\n      or make some other withdrawal, you categorize expenses as falling into &#13;<br \/>\n      some expense category. <\/p>\n<p>&#13;<\/p>\n<p>One problem with using a checkbook program, however, is that by using a &#13;<br \/>\n      checkbook program, you are implicitly using cash-basis accounting to track &#13;<br \/>\n      your income and expenses. Cash-basis accounting counts income when you &#13;<br \/>\n      receive a deposit and counts expense when you write a check. <\/p>\n<p>&#13;<\/p>\n<p>Cash-basis accounting is easy to understand, and that means you are &#13;<br \/>\n      less likely to make errors in implementing it. However, cash-basis &#13;<br \/>\n      accounting is generally too imprecise for more complicated businesses. If &#13;<br \/>\n      you use inventory in your business, for example, cash-basis accounting &#13;<br \/>\n      isn\u0092t very accurate\u0097and the Internal Revenue Service does not allow it.&#13;\n      <\/p>\n<p>&#13;<\/p>\n<p>And there are other circumstances, too, in which cash-basis accounting &#13;<br \/>\n      produces serious and usually unacceptable errors in precision. For &#13;<br \/>\n      example, if you often receive money before you have actually earned it or &#13;<br \/>\n      if you often incur expenses long before you actually have to pay for them, &#13;<br \/>\n      you need to use a more sophisticated accounting program than a checkbook &#13;<br \/>\n      program. <\/p>\n<p>&#13;<\/p>\n<p>Generating Business Forms <\/p>\n<p>&#13;<\/p>\n<p>The second task that a small business accounting program should help &#13;<br \/>\n      you with is the generation of business forms. The most common business &#13;<br \/>\n      form is simply a check. Any checkbook program help you do this. Other &#13;<br \/>\n      business forms that small businesses commonly need to produce include &#13;<br \/>\n      invoices, credit memos, monthly statements, purchase orders, and so forth.&#13;\n      <\/p>\n<p>&#13;<\/p>\n<p>If you have a small business with very simple form requirements\u0097perhaps &#13;<br \/>\n      you need only checks\u0097then a checkbook program may work very well for you.&#13;\n      <\/p>\n<p>&#13;<\/p>\n<p>However, if you have extensive or complicated business form generation &#13;<br \/>\n      requirements, a more full-featured small business accounting package, such &#13;<br \/>\n      as Intuit\u0092s QuickBooks, Peachtree\u0092s Complete Accounting, or Microsoft &#13;<br \/>\n      Small Business Accounting will do a better job for you. <\/p>\n<p>&#13;<\/p>\n<p>If you produce more complicated forms, but you produce these other &#13;<br \/>\n      forms with a word processing program, then a checkbook program may still &#13;<br \/>\n      work for you. <\/p>\n<p>&#13;<\/p>\n<p>Detailed Record Keeping for Other Assets and Liabilities <\/p>\n<p>&#13;<\/p>\n<p>The third task that a small business accounting program should help you &#13;<br \/>\n      with is detailed record keeping of your most important assets and &#13;<br \/>\n      liabilities. A checkbook program lets you keep good detailed records of &#13;<br \/>\n      cash, and for some businesses that is the principal asset. But many small &#13;<br \/>\n      businesses have other significant assets and liabilities they need to &#13;<br \/>\n      track, for example, accounts receivables, inventory, and vendor payables.&#13;\n      <\/p>\n<p>&#13;<\/p>\n<p>Whether or not a particular software program\u0092s accounting tools provide &#13;<br \/>\n      adequate asset and liability record keeping depends on the situation. &#13;<br \/>\n      However, no small business accounting program does everything you need it &#13;<br \/>\n      to do. Any accounting program that provides an extensive list of features, &#13;<br \/>\n      by its very nature, becomes a challenge to use. For example, moving to the &#13;<br \/>\n      accrual basis of accounting adds an entire layer of complexity to &#13;<br \/>\n      financial record keeping, and keeping detailed records of inventory adds &#13;<br \/>\n      another layer. <\/p>\n<p>&#13;<\/p>\n<p>For these reasons, even when a particular program doesn\u0092t do everything &#13;<br \/>\n      you need it to do, your best choice still may be to use the program\u0097and &#13;<br \/>\n      then simply live with its shortcomings. <\/p>\n<\/td>\n<p>&#13;<br \/>\n    <\/tr>\n<\/table>\n<hr width=\"800\" noshade=\"noshade\"\/><a href=\"https:\/\/on-line-interactivity.com\/ADSENSEWEBSITES\">RETURN TO ADSENSE BUSINESS-IN-A-BOX MASTER ARTICLE INDEX<\/a><\/p>\n<hr width=\"800\" noshade=\"noshade\"\/>\n<div class=\"fb-share-button\" data-href=\"https:\/\/on-line-interactivity.com\/\" data-layout=\"button\" data-size=\"large\"><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fon-line-interactivity.com%2F&amp;src=sdkpreparse\" class=\"fb-xfbml-parse-ignore\" rel=\"noopener noreferrer\">Share<\/a><\/div>\n<p>&#13;<\/p>\n<div id=\"fb-root\"\/>&#13;<br \/>\n<script async=\"\" defer=\"defer\" crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&amp;version=v4.0&amp;appId=103650273035821&amp;autoLogAppEvents=1\"\/><!-- End of FACEBOOK SHARE BUTTON CODE --><span class=\"style6\"><br \/><span class=\"style2\">\u00a92019 - All Rights Reserved by <a href=\"http:\/\/HelpMeFindFreedom.Online\">HelpMeFindFreedom.Online<\/a><br \/><a href=\"http:\/\/www.website.ws\/kvmlm2\/my.dhtml?sponsor=geekzonehostingcom&amp;bannercode=gif002&amp;language=english\"><img decoding=\"async\" src=\"http:\/\/images.website.ws\/images\/english\/banners\/kvmlm2\/468x60_02.gif\" border=\"0\"\/><\/a><\/span><\/span><\/div>\n<p>&#13;<br \/>\n<\/body><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#13; &#13; &#13; &#13; &#13; &#13; &#13; &#13; Read Articles: &#13; &#13; \u00a0First Steps to Starting Your Own Small Business &#13; \u00a0Track Customer Response with an Autoresponder S&#8230; &#13; \u00a0How To Get That Promotion &#13; \u00a0The 7 Keys to Asking Clients the Right Questions &#13; \u00a0Database Marketing: Using Point-of-Sale Data to&#8230; &#13; \u00a0How To Become [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6502","post","type-post","status-publish","format-standard","hentry","category-adsense-business-in-a-box"],"_links":{"self":[{"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/posts\/6502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/comments?post=6502"}],"version-history":[{"count":0,"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/posts\/6502\/revisions"}],"wp:attachment":[{"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/media?parent=6502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/categories?post=6502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/tags?post=6502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}