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James C's Articles in Management

  • Managing Your Business Finances
    There comes a point in every business where a pen and pencil just doesn't do it anymore for tracking your finances. Some businesses may not need anything fancy for some time and others might need good accounting software immediately. There are two big brands in the world of small business accounting programs. There is QuickBooks and Peachtree.

    QuickBooks is probably the most popular program out there. It has a very user friendly interface and is easy to learn. Intuit, the company behind the software, included dozens of training lessons with the software. So even if you cant tell the difference between a debit and a credit, you can learn to use QuickBooks software.
  • Which Method Of Record Keeping Should I Use
    Choosing an accounting method to use is an important decision. Once you choose one you are committed to it and it is difficult to change. You have two methods of accounting to choose from. One is the cash method and the other is the accrual method. It is hard to say which one is best for your particular situation but this article will try to give you some tips to help you choose.

    Cash method accounting is good for small business owners. With this method you record information when money has changed hands. So you record your income when you receive payment for goods or services and when you actually pay for bills. This is a simpler method and involves less work. The disadvantage is that it is less accurate as you may have earned money but not received payment yet and you may have incurred bills but not paid them yet.
  • Dealing With High Fuel Prices
    If you are a small business owner you know how something as little as the change in the price of gas can affect your business. It causes your shipping charges to increase, increases the cost of materials and if you operate a fleet of vehicles it can have a huge impact on your expenses. In this article you will learn three things that you can do to offset the higher cost of fuel.

    The most effective way to deal with changing fuel prices is to pass the cost on to your consumers. Raise prices to cover your extra expenses. Most business owners are reluctant to raise prices but consumers will generally not notice the small extra price for fuel.

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