Here’s a typical scenario: You are deciding to start a home business and suddenly everyone you know has his nose in your business, literally. Electronics Weekly is at the heart of the electronics industry and is reaching an audience of more than 120,000 people each month. Your website is essentially open 24 hours a day, 7 days a week, so it’s very difficult to monitor all of your traffic in real-time.
1. Submit electronic and paper records to the accountant for preparation of Income Tax Return and Financial Statements. Sign up for the Electronics Weekly newsletters: Mannerisms, Gadget Master and the Daily and Weekly roundups. It’s our hope that, by taking five minutes on a Friday, you can create and maintain a dedicated time to really look at the week behind you.
Most lists place these accounts in the 8000 range, above expenses, but the NRA list places them in the 6000 range. In addition, many of the expense accounts that are added are rarely used, leading to confusion during data entry, and don’t help with the overview of the business finances.
Using the previous example, if your total weekly sales revenue is $10,000 and your cost of goods sold is $3,375, your company’s total weekly gross profit is $6,625, or 10,000 minus 3,375. These would be in addition to your regular monthly financials but consider KPIs more of a daily or weekly measurement.
For example, assets may be in the 1000 range, and income accounts in the 4000 range. In 2009, reports began to appear with the news that McGraw-Hill was interested in selling BusinessWeek. Weekly status report is a summary of all work done during a week and how these activities contributed to the completion of a task or a project, or how each one brings the team closer to the achievement of their targets.