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Fred Middleton, National Cotton Council of America
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Author Archives: lorriallen-sc
Catching Up with Your Contractors Before 1099 Time
In a little over a month, it will be 2015 and time for year-end accounting chores. One of those chores is getting your 1099s out, and now is a good time to tie up loose ends so the year-end process … Continue reading
Posted in Accounting, Business Tips
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What Is Real-Time Accounting (and Why Should You Care)?
Real-time accounting is when your books are caught up to the present and you know exactly where you stand with your account balances, revenue, and profit. It’s truly doing your accounting in real time. The opposite of real-time accounting is … Continue reading
Posted in Accounting, Business Development
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How Understanding Assets vs. Expenses Can Make You Rich
Assets and expenses both have a “debit” balance on the financial statements, but that’s where their similarities end. Spending on one can make you rich and spending too much on the other can leave you broke. An expense is money … Continue reading
Posted in Business Development, Business Tips, Management Tips, Profitability Tips
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What’s Your Hourly Worth?
Time is the most precious resource on the planet, but sometimes we don’t treat it that way. In our businesses, it’s important to get everything done, but we can also get overwhelmed with all the little things that need to … Continue reading
Posted in Business Tips, Management Tips, Time Management Tips
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Navigating Nanny Taxes and Household Payroll Compliance
Time is precious for most of us these days, and often, we need help at home so we can have more time to run our businesses or careers. That may mean hiring help for personal tasks such as caregiving for … Continue reading
Posted in Bookkeeping Tips
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How to Read Your Balance Sheet
The Balance Sheet is an important report in your business’s financial statements. Most small business owners are unsure of what all of the numbers mean on this report, so let’s see if we can shed some light on what they … Continue reading
Posted in Accounting
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Is There an App for That?
The technology side of the accounting industry is rapidly changing and expanding. Literally hundreds, if not thousands of new companies and new software applications have sprung up to help small businesses automate their processes and save time and money. The … Continue reading
Posted in Business Development, Time Management Tips
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Shortcut Your Management Time with Exception Reporting
Do you spend a lot of time reviewing stacks of reports each month so you can get the information you need to make decisions? Do you find out after the fact that something went wrong in your business and that … Continue reading
Posted in Business Development, Time Management Tips
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Six Common Payroll Mistakes to Avoid
Getting payroll done has gotten so much easier than it used to be for small business owners. But there are still some minefields when it comes to state and federal compliance. We’ll take a look at six of them in … Continue reading
Posted in Business Development, Management Tips
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Summertime Strategies for Your Business
Summer is a great time of year for most businesses to pause for just a little while to take stock, congratulate yourself on what you’ve accomplished so far this year, and make big plans for your future. Here are five … Continue reading
Posted in Business Development, Time Management Tips
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