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accounting

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What are Distributions?

By | 2018-08-23T17:37:41+00:00 January 8th, 2019|Categories: Accounting, Finance|Tags: , , , , , |

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  One of the areas that business owners like to discuss is the subject of distributions.  Distributions deal with income, profits and money in the owners' or shareholders' pockets. A Definition Distributions refer to a company's payment of stock, [...]

What is Depreciation?

By | 2018-08-23T17:41:39+00:00 January 7th, 2019|Categories: Accounting, Finance|Tags: , , , , , |

Depreciation is one of those concepts that can be a little bit challenging for the average business executive or manager to understand.  Although it is a required concept for the accountant to understand, it is a concept that doesn’t always come to the forefront in business management. Depreciation, however, has an effect on net income - [...]

What are Sales Tax Liabilities?

By | 2018-08-23T17:40:32+00:00 January 6th, 2019|Categories: Accounting, Finance|Tags: , , , , , , , |

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  Among the areas we manage within retail sales are sales tax liabilities. Sales tax liabilities are required to be collected by businesses on behalf of local, state and national governments.  In simple terms, depending on your local, state [...]

What You Need to Know About Expenses

By | 2018-08-23T17:49:38+00:00 January 5th, 2019|Categories: Accounting, Finance|Tags: , , , , |

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  An integral part of financial literacy for a business is expense management.  How you manage expenses is often overlooked, but it is important to your organization. Expenses are a critical area on the income statement to be monitored. [...]

What are Expenses?

By | 2018-08-23T17:38:03+00:00 January 4th, 2019|Categories: Accounting, Finance|Tags: , , , , , , |

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  An important part of financial literacy for a business is the concept of expenses. What is an Expense? An expense is a cost a business incurs through its operations.  There are all kinds of expenses for businesses.  Common [...]

What You Need to Know About Revenue

By | 2018-08-23T17:50:22+00:00 January 3rd, 2019|Categories: Accounting, Finance|Tags: , , , , |

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  The concept of revenue is an important one.  It may be one, however, that is very misleading.  Let's get into the reasons why. Traditionally speaking, revenue shows the sales you made with your customers.  This is usually called [...]

What is Equity?

By | 2018-08-23T17:42:49+00:00 December 28th, 2018|Categories: Accounting, Finance|Tags: , , , , , |

As part of our efforts to educate and inform our readers, we at OnlineAdvisor.com provide some beneficial financial literacy information.  We present topics and concepts which affect our readers so that they can make the best decisions.  This brief description of equity is part of our financial literacy efforts. This information may seem very simplistic.  We [...]

Why is QuickBooks Recommended?

By | 2018-08-23T17:51:23+00:00 November 20th, 2018|Categories: Bookkeeping|Tags: , , , , , |

Why is QuickBooks recommended by OnlineAdvisor.com? Considering that there are other accounting and bookkeeping products and services offered in the marketplace, with some at a less expensive price, it would seem that there are some great options. We've looked at them, but we're still recommending QuickBooks. Here are our reasons why we think QuickBooks is still [...]

You Need an Executive Team – A Team on a Thin Budget

By | 2018-08-23T17:53:30+00:00 September 8th, 2018|Categories: Business Education, Business Services, Business Strategies, Team Building|Tags: , , , , , , |

You may be reading through this series of articles and thinking, “this is great for someone with a lot of money and a lot of friends, but not for me.”  You think you can’t have your own executive team because you have a thin budget - or no budget at all.  And that would be wrong.  [...]

You Need an Accountant on Your Personal Executive Team

By | 2018-08-24T13:55:44+00:00 September 6th, 2018|Categories: Accounting, Bookkeeping, Business Education, Business Services, Business Strategies, Finance|Tags: , , , , |

What we will cover is how important a skilled, expert accountant needs to be a key member of your team.  Frankly, if you have to select very few people to be on your team, an accountant must be on the “short list.” The first reason is that you need accurate financial information. It makes absolutely no [...]