Importance of Accounting Information
This clip explains that accurate record keeping is essential to the health and prosperity of any small business. Once the financial objectives of the business have been established, the accounting system allows the entrepreneur to evaluate the perfo...
Personal Best
Management of self is a four dimensional process that involves management of time, territory, records and stress.
Social Security and Withholding
Payroll as a critical component in a business's recordkeeping system, outlining the process for calculating payroll deductions, and filing payroll records and returns.
Important Financial Documents
This clip looks at the fundamental financial documents every company needs, including the balance sheet, income statement and statement of cash flow.
Who Utilizes Financial Information?
This clip notes that, while the business owner obviously has a vested interest in keeping track of the company's finances, there are other parties who may also need to know about the firm's financial condition. Examples include banks, vendors, suppl...
Gross Earnings
The importance of maintaining accurate payroll records. It covers methods for calculating gross earnings, overtime earnings, and incentive pay methods such as commission and piecework pay.