Accounting Blog

Accounting Training, Tips, and News

  • business man with caution tape around him metaphor for caution before choosing a pricing strategy like freemium pricing

    Going the Freemium Pricing Route: What You Need to Know

    posted by Rachel Blakely-Gray
    Newest Article
  • An independent contractor is a non-employee status worker who may do work for you.

    What Is an Independent Contractor?

    posted by Mike Kappel
    Recent Article
  • Strategies and Formulas for Pricing Services at Your Small Business

    Do you own a service business? If so, you know that figuring out how to price services isn’t always easy. To make sure your small business is profitable, try these tips for pricing services. 

    License to Sell: Your Guide to Applying for a Sales Tax Permit

    Many businesses need to collect sales tax from customers. But before you can start collecting it, you must obtain a sales tax permit with the state. Find out how to apply for a seller’s permit by state to keep things legal. 

    Does Your State Have a Throwout or Throwback Rule for Corporations?

    When it comes to company taxation, each state has its own set of laws for businesses. And depending on your type of business structure, you might be subject to different types of laws, such as the throwback rule.

    Eager to learn more about the throwback rule? Read on to learn what it is and whether or not your state enforces a throwout or throwback rule.

    What Is an Expense Account?

    Out of 400 survey respondents, 91% said they’d be more efficient if their workspace was organized. If you believe organization influences productivity, shouldn’t you better organize your accounting books?

    How to Create and Update Your Cash Disbursement Journal

    Does your small business work with cash? More than likely, the answer is yes. And when you have cash expenses, you should record them in a cash disbursement journal.

    What Is an Owner’s Draw in Accounting?

    As a business owner, you likely pay wages to employees. But when it comes to paying yourself, what do you do?

    Depending on your type of business structure, you might be able to pay yourself an owner’s draw. But, what is an owner’s draw?

    How’s Your Small Business General Ledger Lookin’?

    Your business’s general ledger plays a significant role in forecasting the financial health of your company. But if you’re slacking on your general ledger entries, your business could suffer the consequences.

    So… how’s your small business general ledger lookin’? Does it need a little love? If so, read on to learn all about the general ledger, including what it is, the types of accounts in a ledger, and more.

    Managing and Recording Cash Receipts in Your Small Business

    If you’re a small business owner, you likely receive cash payments from your customers. And if you receive cash payments, you need to know about recording cash receipts in your books. So, how do you do that?

    To ensure your books are accurate, you need to understand cash receipts accounting. Read on to get the inside scoop about managing and recording cash receipts in your small business.

    How Familiar Are You With the Different Types of Liabilities in Accounting?

    As a business owner, incurring debts is inevitable. In fact, the average small business owner has $195,000 of debt.

    Chances are, you have some kind of debt at your business. And if you have debt, you have liabilities. Read on to learn all about the different types of liabilities in accounting.

    Resale Certificate, the Get Out of Tax Free Card

    Almost everybody in the majority of states pays sales taxes at the time of purchase. And yes, this includes business owners shopping for their ventures. But if you purchase and resell goods to your customers, you may consider applying for a resale certificate.

    Strategies and Formulas for Pricing Services at Your Small Business

    Do you own a service business? If so, you know that figuring out how to price services isn’t always easy. To make sure your small business is profitable, try these tips for pricing services. 

    License to Sell: Your Guide to Applying for a Sales Tax Permit

    Many businesses need to collect sales tax from customers. But before you can start collecting it, you must obtain a sales tax permit with the state. Find out how to apply for a seller’s permit by state to keep things legal. 

    Does Your State Have a Throwout or Throwback Rule for Corporations?

    When it comes to company taxation, each state has its own set of laws for businesses. And depending on your type of business structure, you might be subject to different types of laws, such as the throwback rule.

    Eager to learn more about the throwback rule? Read on to learn what it is and whether or not your state enforces a throwout or throwback rule.

    What Is an Expense Account?

    Out of 400 survey respondents, 91% said they’d be more efficient if their workspace was organized. If you believe organization influences productivity, shouldn’t you better organize your accounting books?

    How to Create and Update Your Cash Disbursement Journal

    Does your small business work with cash? More than likely, the answer is yes. And when you have cash expenses, you should record them in a cash disbursement journal.

    What Is an Owner’s Draw in Accounting?

    As a business owner, you likely pay wages to employees. But when it comes to paying yourself, what do you do?

    Depending on your type of business structure, you might be able to pay yourself an owner’s draw. But, what is an owner’s draw?

    How’s Your Small Business General Ledger Lookin’?

    Your business’s general ledger plays a significant role in forecasting the financial health of your company. But if you’re slacking on your general ledger entries, your business could suffer the consequences.

    So… how’s your small business general ledger lookin’? Does it need a little love? If so, read on to learn all about the general ledger, including what it is, the types of accounts in a ledger, and more.

    Managing and Recording Cash Receipts in Your Small Business

    If you’re a small business owner, you likely receive cash payments from your customers. And if you receive cash payments, you need to know about recording cash receipts in your books. So, how do you do that?

    To ensure your books are accurate, you need to understand cash receipts accounting. Read on to get the inside scoop about managing and recording cash receipts in your small business.

    How Familiar Are You With the Different Types of Liabilities in Accounting?

    As a business owner, incurring debts is inevitable. In fact, the average small business owner has $195,000 of debt.

    Chances are, you have some kind of debt at your business. And if you have debt, you have liabilities. Read on to learn all about the different types of liabilities in accounting.

    Resale Certificate, the Get Out of Tax Free Card

    Almost everybody in the majority of states pays sales taxes at the time of purchase. And yes, this includes business owners shopping for their ventures. But if you purchase and resell goods to your customers, you may consider applying for a resale certificate.

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