Ken Boyd

Ken Boyd

Ken Boyd is a co-founder of and owns St. Louis Test Preparation ( He provides blogs, videos, and speaking services on accounting and finance. Ken is the author of four Dummies books, including "Cost Accounting for Dummies."


What does financial management mean for business owners?

Learn the fundamentals of financial management and how you can begin using sound financial practices in your own business in our comprehensive guide from QuickBooks.

What are retained earnings and what do they mean for your balance sheet?

One important metric to monitor business performance is the retained earnings calculation. Businesses that generate retained earnings over time are more valuable, and have greater financial flexibility.

Statement of cash flows: What it is & how to read it

The statement of cash flows, or cash flow statement, accounting for a period’s change in cash, should be reviewed regularly and managed effectively.

Accounting vs bookkeeping: What’s the difference between a bookkeeper and an accountant?

Learn the differences between bookkeeping vs. accounting, how they’re similar, and what you need to know to choose the right option for your business.

How to Write an Employee Handbook

Learn why writing an employee handbook is important for every business owner. Read about writing a handbook, and what the document should include.

NOPAT: What it is and how to calculate it

What is Net Operating Profit After Tax (NOPAT)? Companies use the NOPAT formula to compare performance to past years and against their competitors.

How to create a process & procedures manual

Learn why a procedures manual can help you work more efficiently and prevent theft. Read about how you can work with your staff to write a procedures manual.

How to read and prepare a balance sheet

A balance sheet is a financial statement that lists a company’s assets, liabilities, and equity. Learn how the balance sheet can be used to guide decision-making.

What are accounts receivable?

Learn the definition of accounts receivable, and the balance sheet categories. Read about accounts receivable turnover, and how to increase cash flow.

The ultimate guide to tax deductions for the self-employed

Deducting business expenses can help you save money as a self-employed professional or freelancer. We have a complete list of self-employed tax deductions you can take.

FIFO vs. LIFO: What is the difference?

FIFO & LIFO are two different but common ways of valuing inventory that affects how COGS, sales and profits are accounted for. Learn which inventory valuation method is right for your business in our latest guide from QuickBooks.

Financial statements: What business owners should know

Understanding your company’s financial statements and accounting health is integral to success. Learn more about the three types of financial reports.

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