Thu, 11 May 2023 20:47:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.2 https://www.patriotsoftware.com/wp-content/uploads/2020/01/cropped-site-favicon-32x32.png 32 32 https://www.patriotsoftware.com/blog/accounting/recession-how-to-survive-business/ Tue, 09 May 2023 19:24:50 +0000 https://www.patriotsoftware.com/?p=62611 For months, the looming recession has been on everyone’s mind. In October 2022, 91% of CEOs said one would occur within the year. And in December 2022, Forbes found that large tech companies, banks, and manufacturers had laid off nearly 125,000 employees to prepare. With the March 2023 Silicon Valley Bank collapse, concerns of a […]

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]]> https://www.patriotsoftware.com/blog/accounting/best-states-to-start-business/ Fri, 31 Mar 2023 14:55:00 +0000 https://pslohio.wpengine.com/uncategorized/best-states-to-start-business/ Ah, location, location, location. Choosing where to open up shop is one of the first and most important decisions you’ll make when starting a business. But, location isn’t just about picking a building on a popular street corner. It’s also about selecting a state to do business in—the best state to start a business. So, […]

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]]> https://www.patriotsoftware.com/blog/accounting/how-to-run-a-food-truck/ Thu, 02 Mar 2023 14:56:06 +0000 https://www.patriotsoftware.com/?p=61928 Chances are you’ve eaten at a food truck before. A food truck is a mobile restaurant, often selling food at designated areas, street corners, or festivals and special events. Food trucks may be a great way to turn your dream of owning a restaurant into a reality. If you’re considering running a food truck, you’re […]

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]]> https://www.patriotsoftware.com/blog/accounting/leasing-commercial-space/ Tue, 21 Feb 2023 17:31:24 +0000 https://www.patriotsoftware.com/?p=61606 Maybe you started out running your business from your home or garage. Or, maybe you’re getting ready to launch a new business. Whatever the case may be, there might come a time when you need to rent an office, retail space, or warehouse. And if you do, you need to know the ins and outs […]

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]]> https://www.patriotsoftware.com/blog/accounting/e-commerce-accounting/ Tue, 14 Feb 2023 15:19:27 +0000 https://www.patriotsoftware.com/?p=61494 Brick-and-mortar stores are still thriving, but small businesses’ online footprints expand every year. In 2022, 98% of business owners had a company website, compared to 50% in 2018. And more than 60% had an e-commerce business, meaning they sold products or services online. If you’ve been thinking about an online business, you need to know […]

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]]> https://www.patriotsoftware.com/blog/accounting/list-of-things-needed-to-start-a-business/ Tue, 31 Jan 2023 16:55:08 +0000 https://www.patriotsoftware.com/?p=61200 If you’re thinking about starting a business, you’ve probably seen the business startup checklists online and already know them like the back of your hand. Make a plan. Choose a business structure. Secure funding. Register your business name. But what about the tangible things you need to start a business, like a storefront or startup […]

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]]> https://www.patriotsoftware.com/blog/accounting/what-to-do-when-business-runs-out-money/ Tue, 24 Jan 2023 20:34:11 +0000 https://www.patriotsoftware.com/?p=61138 Cash flow problems happen—often. It’s why 82% of small businesses fail. But if you have issues with your cash flow, you’re not doomed to close up shop. Instead, it’s like coming to a fork in the road. Turn right to power through, or turn left to call it quits. To get out of the red, […]

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]]> https://www.patriotsoftware.com/blog/accounting/liability-for-business-debts/ Fri, 13 Jan 2023 15:13:00 +0000 https://www.patriotsoftware.com/?p=60984 The average small business owner is roughly $195,000 in debt. Imagine paying that amount from your pocket, and if you can’t, how it’ll reflect on your credit report. Daunting! Especially if you already have personal financial obligations like credit card debt, student loans, or payday loans to pay off. So, how does liability for debts […]

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]]> https://www.patriotsoftware.com/blog/accounting/accounting-estimates/ Thu, 12 Jan 2023 21:28:39 +0000 https://www.patriotsoftware.com/?p=60980 The accounting world may seem filled with hard facts. Either the money is in the account, will be in the account, or it isn’t … right? Well, that’s not always the case. There are some situations when it’s difficult to know exactly how much money you need to account for. For example, accounting for the […]

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]]> https://www.patriotsoftware.com/blog/accounting/three-golden-rules-accounting/ Fri, 06 Jan 2023 18:32:00 +0000 https://www.patriotsoftware.com/?p=49113 You might have heard of the Golden Rule in life: Treat others as you want to be treated. But, did you know that there’s also a golden rule for accounting? In fact, there are three golden rules of accounting. And no … one of them is not treating your accounts the way you want to […]

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