Home business, small business, and large corporations all need accounting services to one extent or another. Larger business will have staff accountants while small business may have one or two bookkeepers and a home business has, well, you! As the chief cook and bottle washer of a home business, the owner handles the production, marketing, sales, shipping, accounting, and more. Outsourcing accounting functions is an option of course, but many start up businesses want to save money and owners prefer to control all aspects of company operations.
How much about accounting did you learn in high school or college? A few terms here and there and the difference between accounts receivable and accounts payable. If a few accounting classes were taken, one might understand the difference between a balance sheet and a trial balance report or be able to define and describe E.B.I.T.A and G.A.A.P. Lost yet? I have taken a few classes in accounting and know little more than terms and roughly how they apply to accounting. When I do need help and terms explained in plain language, I turn to a friend – Mark Holtzman - that puts terms into plain and clear English on his blog: www.accountinator.com .
Mark’s basic tenet is pure and simple: “Do-it-yourself accounting – quick, cheap and easy.” Here at Homepreneurs we understand and agree with quick, cheap, and easy. The concept has guided us from the beginning and continues to this day. We are constantly on the hunt for free or low-cost services that can help you start and run a home business. The Accountinator is one of – if not the – most valued informational site we’ve run across.
When you need tips on starting a business, Homepreneurs can help. If you need to know the language of business and all things accounting, I’ve not found a better source than Mark Holtzman’s Accountinator. In his several times per week postings, you’ll find wisdom, advice, humor, and education. Check the site out, you won’t be disappointed.
By Dion D Shaw
Dion D Shaw is the founder and owner of Homepreneurs
Homepreneurs does not endorse nor have any relationships (Mark Holtzman is a friend) with any of the services listed. Homepreneurs receives no compensation or consideration for its suggestions. Homepreneurs strongly urges all interested parties to conduct research and accepts no responsibility for any losses incurred.
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