The Dashboard Digest

Am I supposed to charge sales tax?

2008-06-21T18:04:04-07:00

So you own a business and you’re wondering if you are supposed to charge sales tax for what you sell or for a service that you provide. You may be thinking, “I have a service based business and my neighbor...

What goes up, must also go up

2008-06-18T07:37:57-07:00

So in our quest to better understand what a debit and a credit is, we talked about the accounting formula: Assets = liabilities + Stockholders' Equity. This formula must always balance. In other words, you cannot have more assets that...

Did it snow in here?

2008-06-11T22:56:08-07:00

Alright, some of you may be saying, "Wait a minute...this blog used to be blue. What's with all of the white?" Well, I got some good feedback in the last post about how the blog was hard to read given...

Debit, debit, whos got the debit?

2008-06-09T09:17:43-07:00

Well, I just got back from vacation. My wife and I went on a cruise to Mexico for a week, so I am sorry that the blog has been vacant for a while. Well, it’s a new week which means...

Accrual spotting, the new hobby

2008-05-30T07:30:44-07:00

First there was train spotting, today we'll invent accrual spotting. I've never understood the draw to train spotting. I've lived in England where a lot of people do it, and I just don't get it. Anyway, let’s talk about what...

You've never been to a meeting like this before

2008-05-30T01:13:03-07:00

As the blog continues, you will see my passion for two things, accounting and entrepreneurship. Now, I know that I am supposed to be writing about the whole accrual accounting thing like I said I would in my last post,...

I've jumped, now what?

2008-05-29T01:33:06-07:00

Now that we have talked about the difference between this accrual and cash thing, I am sure you are all screaming from your roof tops "I am converted to accrual! That's right world, accrual is my cup of tea!" Well...

Did you say accrual or a cruel method of accounting?

2008-05-27T08:09:38-07:00

It's no secret that business owners like the cash method that we talked about in the last post. It's easy to do, however it’s not accurate in representing what your company actually did. Some small business owners groan at the...

Accrual what?

2008-05-26T08:23:23-07:00

Well, since this is such a new blog, I don't have any subscribers yet which means that there is nobody to request that I write about a particular accounting topic that is giving them heartache. I've spent a lot of...

What will I get from subscribing to The Dashboard Digest?

2008-05-24T10:26:19-07:00

I believe everyone has good intentions in life to start out with. We commit to reading so many books a year, finally starting that college degree, or simply taking out the trash before we go to bed at night. Quite...