HomeTagOur Two Cents

Gross vs. Net Income: What Employers Should Know For Tax Time
24May
Gross vs. Net Income: What Employers Should Know For Tax Time
In simple terms, the difference between gross vs net income is that gross income refers to a business’s total earnings, while net income is left over after subtracting expenses.  However, gross vs net income is slightly different for tax purposes depending on whether you’re an employer or an employee:  Because the law requires employers to...
Unlocking Seed Funding: the Benefits and Risks of SAFE Notes
10May
Unlocking Seed Funding: the Benefits and Risks of SAFE Notes
It sounds like an easy win. You take $200,000 from an investor right when you need it, with minimal back-and-forth negotiation and no debt obligations or loss of equity in the present.
Revenue vs Profit: Understanding the Difference and How To Calculate Both
8May
Revenue vs Profit: Understanding the Difference and How To Calculate Both
Revenue vs profit is perhaps the biggest distinction to make when reviewing financial metrics for any company, regardless of the type of business or industry. You need to know your revenue and profit figures to track performance properly, forecast accurately, and lead your company. Yet revenue vs profit is often used interchangeably, which means some...
The Business Owner’s Guide to Mileage Reimbursement (2023 Edition)
18Apr
The Business Owner’s Guide to Mileage Reimbursement (2023 Edition)
Company vehicles aren’t always available, particularly for smaller and growing businesses. This can lead to situations where employees must use their own cars for work-related travel. Whether visiting clients, heading to the airport, or making deliveries, personal vehicle usage may qualify employees for mileage reimbursement. The IRS provides a 2023 reimbursement rate, but there’s more...
Cash vs. Accrual Accounting
8Apr
Cash vs. Accrual Accounting
As a founder, operations or finance manager, you’ll be faced with a myriad of pivotal choices on a daily basis. However, deciding between cash vs. accrual accounting methods is a critical one that will have far-reaching implications. Your choice between accrual vs cash will affect your business in several ways. First, it will demonstrate different...
What Your Accounts Receivable Turnover Ratio Says About Your Business Health
6Apr
What Your Accounts Receivable Turnover Ratio Says About Your Business Health
“Cash is king,” as the saying goes, and accounts receivable turnover plays an essential role in keeping the cash flowing. Knowing how to measure and monitor your accounts receivable turnover ratio can help you ensure that you’re getting paid on time and improving your cash flow. In this article, we’ll discuss what the accounts receivables...
Sole Proprietorship vs LLC: How to Choose Your Small Business Entity
3Apr
Sole Proprietorship vs LLC: How to Choose Your Small Business Entity
The entrepreneurs I talk to are, without exception, smart, motivated, energetic people. They are full of ideas for life-changing products and services and plans for the future.
What Is ASC 606, and How Will It Impact My Company?
22Feb
What Is ASC 606, and How Will It Impact My Company?
ASC 606, a new accounting standard, changes the way businesses recognize revenue in contracts with customers, particularly customer payments.
Learn how to Calculate Margin vs. Markup Quickly
17Feb
Learn how to Calculate Margin vs. Markup Quickly
In your time as a business owner you’ve probably heard the terms “margin” and “markup” used interchangeably. The truth is they’re two closely related but very different things. So how do you understand the difference and determine when it’s appropriate to use one or the other? Knowing how to calculate margin and markup is a...
83b Election Can Save Some Serious Cash
14Feb
83b Election Can Save Some Serious Cash
Issuing restricted stock is a common way to compensate a company’s founders. If you are a founder of a new business, an 83b election is a vital tax form that can save you serious money when it comes time to file taxes. An 83b filing could work out great for you, but the ins and...
Build Business Credit By Befriending A Bank
8Jul
Build Business Credit By Befriending A Bank
You deserve an accounting service that scales and adapts to industry changes and helps you to build a great relationship with your bank. Find out how here.
Pot of Gold: Be Smart (Not Lucky) With Outsourcing Business Processes
3Jun
Pot of Gold: Be Smart (Not Lucky) With Outsourcing Business Processes
Outsourcing is still the best way for CEOs to delegate and focus on core competencies. Find out what your options are and get saving today.
Free Yourself and Your Accounting From App Fatigue
11May
Free Yourself and Your Accounting From App Fatigue
App fatigue in accounting can lead to costly inefficiencies that impact your organization. Fight accounting app fatigue with indinero’s outsourced CFOs.
What Needs to Be Included in Your Nonprofit’s Balance Sheet (AKA Statement of Financial Position)
30Apr
What Needs to Be Included in Your Nonprofit’s Balance Sheet (AKA Statement of Financial Position)
The word “nonprofit” is a bit of a misnomer. Charitable organizations may not pursue financial gain above all, but that doesn’t mean they don’t need funding to operate or further their cause. Indeed, without surplus revenue, a nonprofit can’t grow or scale its mission. And no organization can afford to ignore the financial realities of...
Save Money with These 8 Empowering Questions About Your Business’s Budget
28Apr
Save Money with These 8 Empowering Questions About Your Business’s Budget
Before you start to build your company’s budget, take our 8-question quiz to find out how much you know about business budgeting.