Recent Articles

March 2015

QuickBooks – Best Accounting Software for Small Business

03/31/2015

For small business, there is no software to match the value QuickBooks brings to the business operation.  I used Peachtree software for 20 years and still do to this day.  But QuickBooks is by far superior in all regards in comparison to Sage [...]

Carpet Cleaning Service – Margins and Expenses

03/27/2015

A very common small business in the service industry is the carpet cleaner.  Many owners of such businesses desire to know the margins and of course the associated operating expenses involved.  This article addresses these two questions and I’ll [...]

Retained Earnings – How it Works

03/21/2015

In the equity section of the balance sheet there is an account that tallies the lifetime earnings net of dividends for the company.  The value identifies the total amount retained by the company for operational purposes.  This account is referred [...]

Convertible Debt

03/13/2015

In poker, deuces are often called the wild card.  You can use the card as a ‘Two’ or as any other card in the deck.  In effect, you can convert the card to something else.  Well, convertible debt uses the same principle in business.  The [...]

Landlord – Business Dynamics and Economics

03/06/2015

I love the game of Monopoly.  My sons enjoy playing it too.  But we all have the same complaint about the game; it takes forever to accumulate all the wealth and ultimately win the game.  Being a landlord means the same thing.  It will take a [...]