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Business Articles : Accounting & Finance Financial Issues in Business Startup Financial Issues in Business Startup - A primary inhibitor of business start-up is that few people have the financial cushion to give up a job for the uncertain income of a start-up venture. In a recent survey, about 30% of new business founders identified inadequate funding as their biggest hurdle, and a similar amount said lenders were too conservative. About 15% reported being unable to find investors, and a similar amount claimed a lack of collateral. Aug 16, 2005, 16:28 Business Articles : Accounting & Finance : Accounting Real World Accounting for Small Business Owners If you’re like me, you love accounting. It’s so fascinating and such an ingenious system. Don’t you just think that Double Entry Accounting is the most beautiful creation of all humankind? Jul 25, 2005, 01:48 Business Articles : Accounting & Finance : Accounting Accounting and Billing Procedures for Small Business No matter how small your small business is, it is essential to have some sort of accounting and billing police and methodology. This will prevent you from making mistakes and upsetting vendors or even bouncing checks. Most sole proprietor and single employee companies do not have a plan of attack for accounting and billing procedures until there is a crisis. There is no sense in allowing a crisis to take hold, especially when a few procedures are set in place to prevent it. Remember Noah built the Ark before the rain. Jul 25, 2005, 00:18 Business Articles : Accounting & Finance : Accounting What is Accountancy Accountancy is not a boring, nor dead subject – in fact, if you understand the basics, you will find that it is vibrant and can breathe new life into your struggling business. As soon as a transaction is processed, write it down or enter the information into a computer. Each slip of paper must be noted down and accounted for, whether it’s the cheque counterfoil for the stock bought or an invoice for your telephone account. Jul 25, 2005, 00:05 Business Articles : Accounting & Finance : Financial Analysis Financial Fundamentals - What Every Small Business Owner Should Know! Business owners rarely go into business to deal with the financial aspects of running a business. It’s easy to understand why! You are passionate about the products or services you provide and want to focus your time there. The financial aspect usually falls to the bottom of the “desired responsibilities” list. It is critical to the long-term success of your business that you understand some of the Financial Fundamentals of being a business owner though. You don’t have to be an accountant or financial analyst, but it is important that you have some key skills in your business toolkit to measure the financial aspects of your business. It’s okay to outsource this activity so that someone else can do the work you don’t like to do, but make sure you understand the output of the financial information. You’ll need it to help you make informed decisions about your business. Remember! Accounting is not just about taxes. There’s so much more to know about the numbers, so you’ll know how your business is doing from the management perspective. Jul 24, 2005, 23:22 Business Articles : Accounting & Finance : Accounting Understanding The Bottom Line Some good accounting tips on how to relate Net Profit or Loss on the Income Statement to the Equity Section of the Balance Sheet. Aug 9, 2004, 02:48 Business Articles : Accounting & Finance : Accounting The General Journal - Your Most Versatile Accounting Tool A brief explanation of why the General Journal serves as a versatile accounting tool. The General Journal can be used as a way to capture those oddball transactions and record them into the General Ledger. Aug 9, 2004, 02:45 Business Articles : Accounting & Finance : Accounting The Accounting Model – Accounting’s Rosetta Stone A very clear explanation of how debits and credits work in a double-entry accounting system. Aug 9, 2004, 02:43 Business Articles : Accounting & Finance : Accounting Accounting Principles & Standards: Avoid Them At Your Peril This article presents a general overview of what accounting principles are and why they are important. Aug 9, 2004, 02:36 Business Articles : Accounting & Finance : Accounting Double-Entry Accounting – A place to start Aug 9, 2004, 02:32 More Headlines