Starting a business can be quite trying at times. There are many things you must consider when starting a business. In addition to deciding what type of business you will start up, what the business will sell or what services the business will provide, you must also make sure that your business is in compliance(…)
About Shuchi Bhatnagar
Posts by Shuchi Bhatnagar:
Accounting Principals and Tulsa
By Shuchi Bhatnagar in Accounting No Comments Tags: Accounting, Principals, Tulsa
Have you ever been to the city of Tulsa? Tulsa is a city that embraces challenges and it also values collaborative solutions. The top officials of the city are trying very hard to promote public safety, green initiatives, innovative educational opportunities, and diversity. If you want to free your entrepreneurial spirit, Tulsa is the best(…)
How To Receive The Best Service From Your Accountant
By Shuchi Bhatnagar in Accounting No Comments Tags: Accountant, Best, From, Receive, Service
Your accountant plays a very important role in your life. This is why it is important to maintain a good business relationship with your accountant. Here are some things you can do to maintain a proper business relationship with your accountant and how to obtain the best service form your accountant. Make sure that your(…)
Parts of an Income Statement, Part 2
By Shuchi Bhatnagar in Accounting No Comments Tags: Income, Part, Parts, Statement
Of course profit and cost of goods sold expense are the two most critical components of an income statement, or at least they’re what people will look at first. But an income statement is truly the sum of its parts, and they all need to be considered carefully, consistently and accurately. In reporting depreciation expense,(…)
A Career in Accounting: Tips on How You Can be Successful
By Shuchi Bhatnagar in Accounting No Comments Tags: Accounting, Career, Successful, Tips
In any type of businesses, an accountant is needed. You have to consider that accounting is basically the language in business and having enough knowledge about accountancy is essential for businessmen and women to know how their business is doing. This is why accounting professionals are very much in demand today. And, a lot of(…)
How to Prepare for a Tax Audit
By Shuchi Bhatnagar in Accounting No Comments Tags: Audit, Prepare
There is no reason to be afraid of an audit if you have been ethical and truthful in your accounting methods. However, it is best to be prepared for an audit to make sure that it runs smoothly. Different types of audits require different preparation methods. If a business is brought up for an audit(…)
Are You Ready for Tax Day?
By Shuchi Bhatnagar in Accounting No Comments Tags: Day, Ready
Because deadlines are strict, and penalties will be given to late tax payments, you should make sure that you do not put off your “tax day.” You should definitely start preparing your income tax return well before April 15. Whether you are doing your own income tax return or you are getting the help of(…)
What Is Accounting Anyway?
By Shuchi Bhatnagar in Accounting No Comments Tags: Accounting, Anyway
Anyone who’s worked in an office at some point or another has had to go to accounting. They’re the people who pay and send out the bills that keep the business running. They do a lot more than that, though. Sometimes referred to as “bean counters” they also keep their eye on profits, costs and(…)
Careers in Accountancy
By Shuchi Bhatnagar in Accounting No Comments Tags: Accountancy, Careers
There are a lot of different careers in the accountancy field. It ranges from bookkeeping, auditing, until you reach the position of financial officer. As the position title goes higher, you can expect higher salaries. However, in order to achieve these positions and professional designations, you need to get an accountancy degree. One of the(…)
Revenue and receivables
By Shuchi Bhatnagar in Accounting No Comments Tags: receivables, Revenue
In most businesses, what drives the balance sheet are sales and expenses. In other words, they cause the assets and liabilities in a business. One of the more complicated accounting items are the accounts receivable. As a hypothetical situation, imagine a business that offers all its customers a 30-day credit period, which is fairly common(…)