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Practical Ideas for Building Your Business Online

Explore practical tips on home-based business, online marketing, affiliate programs, and the tools that help you build and grow your presence on the web.

  • A Look at Basic Accounting Principles

    Accounting has been defined by Professor of Accounting at the University of Michigan William A Paton as having one basic function: “facilitating the administration of economic activity. This function has two closely related phases.” The first, according to professor Patton, is: Measuring and arraying economic data; and the second is: Communicating the results of this…

  • The Accounting Capacity of Quasar Software

    Accounting has become more and more complex as have the businesses that use accounting functions. Fortunately, there are several excellent software packages that can help you manage this important function. Quasar is one such package. All versions of Quasar offer comprehensive inventory controls. In its most basic use, the inventory module allows a business owner…

  • About Business Investing and Financing

    An important portion of the statement of cash flow reports the investments your company made during the reporting year. New investments are signs of growing or upgrading the production and distribution facilities and capacity of the business. Disposing of long-term assets or divesting itself of a major part of its business can be good or…

  • Depreciation Accounting and Reporting Methods

    In an accountant’s reporting systems, depreciation of a business’ fixed assets such as its buildings, equipment, computers, etc. is not recorded as a cash outlay. When an accountant measures profit on the accrual basis of accounting, s/he counts depreciation as an expense. Buildings, machinery, tools, vehicles and furniture all have a limited useful life. All…

  • Depreciation as an Expense

    Depreciation is a term we hear about frequently, but don’t really understand. It’s an essential component of accounting however. Depreciation is an expense that is recorded at the same time and in the same period as other accounts. Long-term operating assets that are not held for sale in the course of business are called fixed…