The accounting equation is the most important piece of information any accountant can learn. Anyone starting out in the field of accounting or wants to just better understand the account equation should take time and learn the equation. It really a very simple formula. Assets = Liabilities + Equity This straightforward equation on a company…
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Whether you are a new winery business owner, or you have been making wine for generations, when it comes to wine, you’re the expert. You know all about selecting the right barrel for aging and how to create a perfect label. When it comes to finances for your winery, you’re not quite as certain. This…
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Business owners often ask, “When is the right time to sell my business?” The answer is some version of “A good time to sell is when there is a seller’s market, and the owner and the business are prepared”. Simple enough, but there is a lot to unpack in this response. Don’t Try to Time…
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While it is the large businesses who make the news when there’s financial fraud, the greatest amount of wire fraud happens to small business owners. Recent research indicates that 78% of small businesses suffer some kind of wire fraud each year. In fact, all businesses lose at least 5% of their earnings to fraud every…
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QuickBooks Online is the software-as-a-service (SaaS) or cloud version of QuickBooks, one of the most well-known accounting tools available to businesses. QuickBooks has been around since the early 80s, but the online version was launched in 2001. As one of the most widely-used accounting tools, many businesses use QuickBooks on a daily basis. There are…
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As an attorney who specializes in alcohol licensing fire drills, I have a standing wish list of things I desire alcohol producers knew about their compliance. Grab cup of coffee or other beverage, sit down and have a read about five things your alcohol compliance lawyer wants you to know. ACCESS Quick! Who has…
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