California-Based Clothing Line Tart Collections

For nearly two decades, Dana Finegold has led JD Fine & Company as co-owner alongside her husband. Serving as the company’s chief financial officer, Dana Finegold is heavily involved in the organization’s financials as well as the development of its fashion lines, such as Tart Collections, which is the business’ main clothing brand.

Founded in 2004, Tart Collections creates timeless clothing that is designed to complement women’s natural beauty. Featuring essentials like jersey dresses and leggings, Tart Collections also offers tops with classic embellishments and outerwear with asymmetrical cuts for a stylish touch. The clothing line has been featured in publications like InStyle and Harper’s Bazaar Magazine, and has been worn by celebrities such as singer Katy Perry and television personality Guiliana Rancic.

Through Tart Collections’ website, customers can discover fashion inspiration through the company’s videos. Streamed online, the seasonal videos showcase both current and past collections. Purchases can also be made online and shipped both domestically and internationally. Shoppers seeking a more personal touch may visit any of Tart’s 50 California retailers to view available products in person.

For more information about Tart Collections, visit www.tartcollections.com.

Types of Accounting Methods for Businesses

 chief financial officer, Dana Finegold studied business economics and accounting at the University of California in Santa Barbara. After earning her undergraduate degree, Dana Finegold began a career overseeing accounting practices and managing the operational duties of JD Fine & Company, which she co-owns with her husband.

When opening a business, accounting is one of the most important operational functions. Choosing the right bookkeeping method is essential to keeping a business afloat and thriving. Business owners can choose from the accrual accounting method and the cash basis accounting method. The accrual accounting method records expenses when a sales transaction is made and goods or services are delivered to the customer. It accounts for the payment, also called receivables, after the fact, but logs the sales transaction as revenue at the time of the purchase. The accrual accounting method is best used in companies that sell on credit or hold product inventory.

The cash basis accounting method is a popular bookkeeping choice among small business owners. Unlike the accrual accounting method, the cash method records income and accounts for expenses only after payment is received. Thus, the cash basis accounting method illustrates a more precise picture of a company’s earnings and losses. While this method is good for tracking cash flow, it does not provide a clear view of a company’s profitability in the long term.

Benefits of an Accounting Degree for Entrepreneurs

Dana Finegold, co-owner of JD Fine & Company, earned her bachelor’s degree in accounting from the University of California, Santa Barbara. Dana Finegold has since leveraged this degree to optimize her company’s efficiency and drive its continuing success.

While a number of business-related degrees can grant aspiring entrepreneurs the skills they need for success, a degree in accounting is often one of the most foundational. To begin, a healthy financial base supersedes all other requirements for a successful organization. Accounting majors learn all aspects of money management, as well as the organizational ability needed to track a business’ finances.

Furthermore, as stated by the New Jersey Society of Certified Public Accountants, those trained in accounting develop a general business skill applicable to numerous other corporate roles. The coursework of the accounting major encourages the development of discipline and goal-oriented thinking, skills that are both necessary to the growth of the developing business. Furthermore, accounting courses require a student and ultimately a professional to think in both the small and the large scale. This particular skill may be the most fundamental for any business owner, particularly the owner of the new organization, who must be able to attend to day-to-day operations as well as an ever-developing future plan.