What is the COGS Calculation?

What is the COGS Calculation?

July 25, 2019

Running a business involves the careful management of countless moving parts at the same time. Managing those disparate parts is made easier when...

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Introduction to the Chart of Accounts

Introduction to the Chart of Accounts

July 11, 2019

If you’re anything like we are at Ignite Spot, you’re a huge fan of detailed record keeping and inventing new systems for accurately counting beans....

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Basics of a Job Costing System

Basics of a Job Costing System

July 4, 2019

All businesses revolve around finances. This is what makes accounting so essential to every organization regardless of its size. At Ignite Spot, we...

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3 Accounts Payable Best Practices
BOOKKEEPING BASICS

3 Accounts Payable Best Practices

June 27, 2019

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2019 Outsourced Accounting Services Buying Guide: Costs, Questions, and the Lowdown

2019 Outsourced Accounting Services Buying Guide: Costs, Questions, and the Lowdown

June 25, 2019

If you think outsourced accounting services might be the way to go for your company, but you’re not sure if it’s the right move, this post will help....

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Entrepreneur ESP: The Impact of Intuition on Your Business
Income Statement and Balance Sheet

Income Statement and Balance Sheet

June 17, 2019

For reasons unknown to ourselves, bookkeeping isn’t everyone’s favorite topic. Despite that fact, keeping detailed financial records remains an...

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The Elusive Accounting Consultant
BOOKKEEPING BASICS

The Elusive Accounting Consultant

June 12, 2019

Accounting is an incredibly important aspect of successful businesses. Expert accountants help businesses stay on track and ensure cash flows...

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Explaining Tax and Accounting Services Terminology: AGI vs. Taxable Income
BUSINESS TAXES

Explaining Tax and Accounting Services Terminology: AGI vs. Taxable Income

June 3, 2019

What is AGI? Adjusted gross income (AGI) is your total income—not including nontaxable income such as gifts, disability wages, and life insurance...

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