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 BRIAN T. STONER, CPA
You can count on us to count for you! |
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Award for Best Accountant in Burbank, CA by Best Businesses - 2014 and 2015
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January 4, 2016 
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We Need Your Referrals to Grow Our Business! |
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2600 W. Olive Ave, 5th Floor
Burbank, CA 91505
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I write a BLOG called 'MUSINGS OF A BURBANK CPA' on Financial and Tax Items I feel are worth sharing! You can access
MY BLOG here:
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See the coupon for discounts on my services -------->
ACCOUNTING TERMS AND A MOBILE-FRIENDLY WEBSITE..
Article one talks about being finance-savvy with some accounting terms and Article two discusses if your website is mobile-friendly and what to do if it is not.
Call Now
818-333-5095 or 818-317-6035
Brian T. Stoner, CPA has been featured on
Also you can download my business app:
 
You can count on us to count for you!
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Get Finance-Savvy with 10 Accounting Terms
It's good to know some basic accounting terms, and here are ten terms with friendly definitions for your review.
Asset: Essentially, assets are what you own. These include your bank accounts, business equipment, and even the amounts that customers owe you.
Revenue: Revenue is what you make. Another word for it is Sales. You generate revenue in your business when you make a sale to a customer. The amount of the sale is included in revenue.
Expense: An expense is what you spend in your business on items that are not expected to benefit you in the long term. Expenses include credit card fees, office supplies, insurance, rent, payroll expense, and similar items that you need to incur to keep your business running.
COGS: COGS stands for Cost of Goods Sold. It's a form of expense that directly relates to the product or service being sold. For example, if shoes are being sold, the cost of purchasing those shoes are consider COGS, while something like rent or insurance is simply an expense. COGS is more important in manufacturing, retail, and distribution companies.
Net Income: Another word for net income is profit. It's calculated by subtracting expenses from revenue. If what's left over is a positive number, it's net income and if it's negative, it's a net loss. Besides your salary, it's the amount of money you can either keep or re-invest into your business.
Debit: A debit is a term that tells you whether money is being increased or decreased. The hard part is that it's opposite depending on the account and the company. Here are some examples:
- A debit to cash increases it, so that's good.
- A debit to a loan you owe decreases it, so that's good too because you are paying it off.
- When you talk to a bank teller and they want to debit your account, it means they are taking money away, because your account is a liability to them. So it's opposite.
Credit: A credit is a term that tells you whether money is being increased or decreased. The hard part is that it's opposite depending on the account and the company. Here are some examples:
- A credit to cash decreases it, as in writing a check to someone.
- A credit to a loan you owe increases it, so you owe more money.
- When you talk to a bank teller and they want to credit your account, it means they are putting money in, because your account is a liability to them. So it's opposite.
GAAP: GAAP stands for Generally Accepted Accounting Principles. It refers to the set of standards that must be followed by accountants when creating accounting reports for people like bankers and investors who rely on them.
Liabilities: Liabilities are what you owe. If you have loans taken out for your business or owe vendors money for invoices of purchases they sent you, those are liabilities. Common liabilities include sales tax that you've collected but not paid, unpaid vendors' invoices, credit cards that are not paid off each month, mortgages on buildings, and any bank loans you've taken out.
Equity: In mathematical terms, equity is the net of your assets less your liabilities. In more philosophical terms, it's the net amount you and your fellow business owners have invested in your business adjusted by the years of net income you've made less what you've taken out of the business.
How many terms did you already know? Do you feel smarter already? Knowing accounting terms will help you understand this aspect of your business a bit better.
You can count on us to count for you!
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CALL NOW
818-333-5095
OR 818-317-6035
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Remember I give a FREE INITIAL CONSULTATION!
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YOU CAN CHECK OUT MY PAST NEWSLETTERS ON MY WEBSITE ARCHIVE!
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You can see my FUNNY ACCOUNTING VIDEOS on the home page of my website:
www.briantstonercpa.com
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BRIAN T STONER, CPA | | |
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Accounting Employment Opportunities
Pauline Casbon of Casbon & Associates, LLC is a professional recruiter I have known for quite a while. She is very professional and can help accountants looking for work get a new position as well as find accounting professionals for business and industry.
Full Time Job Opportunities: Contact Pauline Casbon at
310 859 3805
Referral fee for any potential employee that is placed in any of the following positions.
Tax Managers needed for Encino, Woodland Hills, Burbank, West Los Angeles, Beverly Hills, Century City, Brentwood and Pasadena. $$$ Competitive and top salary!
Account Managers with Business Management accounting experience and Datafaction. Locations: West Los Angeles, Century City, Encino, Sherman Oaks and Woodland Hills.
Bookkeepers for CPA/Business Management firm in Woodland Hills, Encino, Santa Monica and Century City. Competitive salary, career growth and great benefits.
Tax Accountant for wonderful opportunity in Malibu.
Staff Accountant/Tax Accountant up to $80k West Los Angeles Business Management Accounting firm.
Account Managers for Business Management Accounting firms in West LA, Sherman Oaks and Encino. Immediate hires!
Tax Seniors for West LA, Century City, San Fernando Valley and the San Gabriel Valley; CPA firm and Business Management Accounting firm, seeking potential employees looking for a career path!
Assistant Bookkeepers for Woodland Hills, Sherman Oaks and West Los Angeles. Datafaction experience required. Immediate Hires!
Office Manager for Business Management Accounting firm in Encino.
Audit Seniors for CPA firm in Beverly Hills, Santa Monica, Woodland Hills and Century City. Great career path. Competitive salary and great benefits!
Audit Manager, CPA for a great firm located in Pasadena and Woodland Hills. Immediate Hires!
Staff/Tax Accountant for Business Management firm in Brentwood, West Los Angeles, Beverly Hills and Encino.
Tax Accountant - College Student considered for firm located in Brentwood.
Senior Accountant, Bus. Management Dept. of CPA firm in Pasadena.
Assistant Bookkeeper for Business Management Accounting firm in Westwood. Some industry experience preferred.
Business Manager for Bus. Management Accounting firm to become a Partner. Century City - preferably with a CPA Certification.
Two Audit Seniors for CPA firm located in Santa Monica. Career path opportunities.
Tax Manager for firm in Thousand Oaks. Long-term career path to become partner!
Tax Accountant for Century City 1 to 2 years experience of tax preparation with a CPA firm and/or Business Management accounting firm.
Senior Tax Manager, CPA. Firm located in Arcadia and Pasadena.
Audit & Tax Manager, CPA for CPA firm in Van Nuys.
Audit Senior with 2 to 4 years experience for CPA firm in Van Nuys. Candidate must be pursuing CPA certification.
Tax Partner/ Tax Senior experience with real estate syndication, West Los Angeles.
Audit Senior for a great firm located in Santa Monica, ocean views!!!
Tax Partner, Encino. Preferably with a Book of business.
Tax Manager looking for an opportunity to go to Partnership. West Los Angeles.
Two tax personnel in
Los Angeles, 90064.
3 to 10 years experience.
Looking for immediate hires!
I am looking to expand my client base, if you would like further information regarding my staffing services, please do not hesitate to call. I am happy to visit your office which helps me gain an even better understanding of your firm's culture and staffing requirements. Please review my website at
http://www.casbonassociates.net/
and/or review my Linkedin profile.
Call 310 859 3805 for further information. Send resume as a word attachment to :
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Is Your Website Mobile-Friendly?
You may have heard that Google has rolled out a new search algorithm that ranks mobile-friendly websites higher than sites that are not mobile-friendly. You don't need to worry too much about this unless you rely on website leads for new clients to build your business.
If you do rely on website leads for new business and your leads have dropped off over the summer, the reason could be that your site is not mobile-friendly and has been ranked lower because of it. Here are three steps you can go through to determine the status of your site.
Take a Free Mobile-Friendly Test
Go to this link and enter your domain name.
It takes about a minute or two to find out whether your site is mobile-ready.
If your site passes, you're done! You don't need to do anything.
If it doesn't, then go to step 2.
Contact Your Webmaster
Ask your webmaster for an estimate to get your site mobile-ready.
Take Action
Google started making changes to the search algorithm the week of April 20, 2015 and has now implemented it worldwide. To benefit from mobile traffic and a higher search ranking, make plans to get your site mobile-friendly sooner rather than later.
You Can Count On Us to Count For You!
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Brian T. Stoner, CPA
2600 W. Olive Ave., 5th Floor
Burbank, CA 91505
(818) 333-5095 CELL (818) 317-6035
FAX (818) 566-1499
bstonercpa@sbcglobal.net
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