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What Are Business Investments? Are They a Good Idea?

November 5, 2024 | Comments Off on What Are Business Investments? Are They a Good Idea?

If you’re wary of investing in your business, it might be because, when you think of spending money you’re not sure will pay off, you think of someone like Jean Ralphio and Tom Haverford in the show “Parks and Rec” spending money on ridiculous things (like a limousine with a hot tub) because they’re all…

Accounting Is the Language of Business

November 5, 2024 | Comments Off on Accounting Is the Language of Business

Have you ever walked into a doctor’s office and felt like you entered a different world? Not only are there instruments and appliances you never see anywhere else, but the people in there seem to use a different language, especially when they talk to each other. Your doctor could be talking to you in English…

Why an Excel Spreadsheet Is Not an Accounting System

September 4, 2024 | Comments Off on Why an Excel Spreadsheet Is Not an Accounting System

Depending on your age, you might remember the days when buying things had to be done in person or over the phone, rather than online. You would take your items up to the counter, and after reviewing your purchases, the clerk would pull out a big, leatherbound book to mark down what you were buying…

Can Accounting Be Automated?

August 29, 2024 | Comments Off on Can Accounting Be Automated?

The robots are coming for all our jobs and the world as we know it will soon devolve into a dystopian nightmare involving an epic battle between humans and the machines. OK, probably not, but now that I have your attention, let’s talk about the impact of AI on your accounting. While AI is nowhere…

Is There Such a Thing as Good Debt in Business?

June 28, 2024 | Comments Off on Is There Such a Thing as Good Debt in Business?

One of the first things we learn about managing money is the importance of budgeting and making sure we’re not spending more than we have. Tied into that lesson is the idea of “debt” as a kind of bad word. We tend to think of it as something to be avoided at all costs. But…