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Talking Shop

Welcome to Kashoo's blog.

Three Habits that Make Accounting Gloriously Simple

There's a lot that goes in to running a small business. When you first start out, you're often everything to everyone: sales, HR, marketing, R&D, IT support, procurement... the list goes on—and it also includes accounting. And while various business responsibilities may require more involvement, planning or variance, accounting can actually be pretty straightforward. Here's how...

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Topics: Accounting

Know What a Nominal Account Is? You Should...

As you may already know, there are many different types of accounts that you can set up to organize your business' finances. Most of these are categorized as either expense accounts or income accounts, but sometimes you will need a more specific type of account to accomplish certain accounting activities. We've already talked about one of these specifically-tailored account types before in our post on valuation accounts, and the nominal account is another example. So let's dive into what a nominal account is and how it works...

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Topics: Accounting

Does Accounting Software Make You Nervous?

Most entrepreneurs are tough. Very little rattles them (or they're great at maintaining a strong front). They don't sweat the small stuff because they're "big picture" types. They've got a plan not only for their business but also their life. 

And then there's accounting software. For a variety of reasons, accounting software tends to make even the toughest entrepreneur uneasy. It's this weird dichotomy: They know they need it, yet they drag their feet when it comes to engaging with it—from purchase to use. 

Well that doesn't have to be the case. Accounting software needn't be the cause of cold sweats or heart palpitations. It doesn't have to freak you out—and here's why... 

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Topics: Accounting

4 Things Online Business Software Can Help You Do Faster, Smarter

Online business software has changed—and continues to change—the way entrepreneurs work. Tasks and activities that used to be tedious, time-consuming or just plain painful now happen in real-time and are sometimes even fun. And the cloud and the ability to access data and information from any device, anywhere translates to even more time and money saved. (Try to find an entrepreneur who can argue with that.) That said, here are four things online business software can help small business owners and entrepreneurs around the world do faster and smart...

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Topics: Small Business Tips

What Are Retained Earnings?

Want to get a clearer picture of how well your business is managing its profits? Then you're going to have to look at your company's retained earnings. When your business brings in money, once your expenses are covered (rent, salaries, loan payments, etc.) then some of these profits may be shared with shareholders in the form of dividends. The portion of profits that are not paid out to shareholders, but are instead held onto (or, retained) by the business are your retained earnings. Read on to find out how these retained earnings are calculated, and why they're retained in the first place.

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Topics: Accounting