Managerial Accounting- Budgeting Basics

A large part of a manager’s job is planning. Budgets are the main tool managers use for planning and for having financial control in a business. A budget is defined as a formal written statement of a manager’s plans for a time period in financial terms. In this post, we will give some tips and
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Small Business Accounting- Unearned Revenue

In small business accounting, some concepts can be trickier than simply recording assets, liabilities, and transactions. Some companies receive advances in payments before actual services are performed. In accounting, this is called Unearned Revenue. Unearned revenue must be reported in order for companies to comply with GAAP* principles. When the company receives an advance, it
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Competitors Make a Move to Steal Adobe’s Unhappy Customers

In the midst of the Adobe backlash, competitors have started seizing the opportunity to gain new customers. After Adobe’s announcement last month to offer only subscription based software, other companies are creating new products and promotions in order to satisfy angry Adobe customers-in hopes that they will switch over.           Corel’s
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Microsoft Office Now Available on IPhone

On Friday June 14, 2013, Microsoft announced that a version of Microsoft Office is now available as a free app for IPhones. The app is free to download, however customers must have Office 365 in order to use the different software applications that come with it.             What’s New? Users
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Managerial Accounting-The Sarbanes-Oxley Act

Even if managers aren’t actively filling out financial information, it’s important that they have a firm grasp on rules and standards for filling out financial information. Also, understanding financial information itself  is critical for managers to make informed decisions. In this post, we will discuss the Sarbanes-Oxley Act and its implications on businesses and managers.
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Small Business Accounting- Cash Versus Accrual Basis Accounting

There are two types of accounting: accrual and cash. It’s important for a small business to understand the two systems in order to select the correct accounting methods. In this post, we will discuss the differences between cash basis and accrual basis accounting.           Accrual basis accounting means that companies record
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How to Insert Shapes into Microsoft Word 2013

Microsoft Word allows you to insert various shapes into your document. For example, you could place a circle around important information in a document. If you use Word to create marketing fliers, newsletters, or other types of publications, you may want to insert various types of shapes to add visual interest to your documents.  
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