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Steingard Insights
Practical financial education for owners responsible for running the business.
Three years of articles on bookkeeping, payroll, taxes, cash flow, and financial reporting — browse the latest below or jump into a topic from the Insights menu.
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Your Guide to MIS and Reporting for Service Businesses
Are you making critical business decisions with your fingers crossed? It’s a common feeling. But what if you could trade that guesswork…
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The Ultimate Guide to an Accounts Payable Audit Process
An accounts payable audit is simply a detailed review of your company’s AP department—its processes, its transactions, and its controls. The whole…
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What Is The Cost Of Sales A Practical Guide For Your Business
When you're running a business, "cost of sales" is one of those terms that gets thrown around a lot, but what does…
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What Does Cash Flow Mean in Business Your Practical Guide
Let’s get one thing straight: cash flow is the actual money moving in and out of your business. It’s the cash in…
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Mastering the Art of Formatting Business Reports
Let's face it: most business reports are just data dumps. They’re dense, confusing, and often get ignored. Effective formatting isn't just about…
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What is accounts payable automation? A Practical Guide to Faster Payments
Accounts payable automation is simply using technology to handle your entire bill-paying process, from start to finish. Instead of someone on your…
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A Clear Guide to Double Entry Bookkeeping Accounting
Double-entry bookkeeping is the accounting system where every single financial transaction affects at least two different accounts.One account gets a debit, and…
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What Is Cost of Goods Sold? A Clear Guide for Business Owners
If you've ever looked at your revenue and wondered where all the money actually went, you need to get familiar with the…
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What are payroll liabilities? A Practical Guide for Small Businesses
When you run payroll, the money doesn't just go from your bank account to your employee's. There’s a crucial middle step. The…
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What Is Accounts Receivable Turnover A Guide to Cash Flow
Accounts receivable turnover is a fancy term for a simple idea: how quickly do you get paid? Think of it as a…
