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  • ABOUT US
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Author: PropelYourAccountingAdmin

This author has written 139 articles

What is the Main Purpose of Accounting? Aids in Financial Decision Making & More

When you think about owning a business, you might not realize what an important role accounting is going to play in your success. It is something that all business owners…

Continue ReadingWhat is the Main Purpose of Accounting? Aids in Financial Decision Making & More

How to Prepare a Budget for a Small Business? Add Revenue, Subtract Costs & More

When you run a business, it is vital that you have a budget in place to help you attain the financial goals that you’ve been working toward. When you set…

Continue ReadingHow to Prepare a Budget for a Small Business? Add Revenue, Subtract Costs & More

Why Do You Need an Accountant for a Business? Improved Cash Flow & More

As a business owner, you want all the the stars to align in your success. Unfortunately, this doesn’t just happen automatically. There is a great deal of work that takes…

Continue ReadingWhy Do You Need an Accountant for a Business? Improved Cash Flow & More

Are All Professional Tax Preparers the Same? Certified Public Accountant & More

When it comes to preparing your taxes, you want to know that you’re working with the best. What many people don’t realize is that not all tax professionals are the…

Continue ReadingAre All Professional Tax Preparers the Same? Certified Public Accountant & More

What is GAAP in Simple Terms? Cost Principle & Other Accounting Rules

For those that aren’t familiar with Generally Accepted Accounting Principles, or GAAP, this article is for you. This is a rule-based standard that helps business of all shapes and sizes…

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Difference Between Accounts Payable & Receivable; Short Term Debts VS Payments Due & More

It is important to know where your money is coming and going when you’re running a business. To get a clear picture of these numbers, you have accounts payable and…

Continue ReadingDifference Between Accounts Payable & Receivable; Short Term Debts VS Payments Due & More

Is the Income Statement the Most Important Financial Document for a Business?

As a business owner, you are more than likely always looking for ways to take your business to the next level. To make goals and plan for the future of…

Continue ReadingIs the Income Statement the Most Important Financial Document for a Business?

What is the Relation of Assets, Liabilities & Equity as Reflected in the Accounting Equation?

There are a few components to every business that business owners should have a good grasp of, assets, liabilities and equity. These numbers can help ensure you have a solid…

Continue ReadingWhat is the Relation of Assets, Liabilities & Equity as Reflected in the Accounting Equation?

What is the Main Difference Between Finance & Accounting? Focus, Scope, Goals & More

When it comes to managing money, two terms often arise: finance and accounting. While these fields are closely related and sometimes overlap, they serve distinct purposes and have different focuses.…

Continue ReadingWhat is the Main Difference Between Finance & Accounting? Focus, Scope, Goals & More

Why are Cash Flow Statements Important? Track Spending Activities, Financial Planning & More

We have been taking a closer look at some of the financial statements that keep a business going strong. Today, we would like to look at another one known as…

Continue ReadingWhy are Cash Flow Statements Important? Track Spending Activities, Financial Planning & More
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