Accounting Articles

Accounting Tips, Training, and News

Shipping for Small Business: How to Get Started, Costs, Accounting, & More

So, you’re going to ship out your products, eh? With over two billion online shoppers worldwide in 2021, it’s easy to see why. But before you can start shipping for small business, you must make some decisions, like packaging, the shipping vendor, and speed. After all, you don’t want shipping for business to shrink your […]

January 27, 2022

How to Calculate Current Assets in Accounting

When it comes to your business, keeping up with your finances is a must. And to know where you stand financially, understand how to calculate certain figures, like current assets. Get the scoop on how to calculate current assets for your business and how to use them to evaluate your company’s finances.

January 25, 2022

Types of Self-employment: Which Is Right for Your Business?

Owning a business may mean that you are self-employed. But, the IRS has rules about which business owners are self-employed and which are not. Basically, all self-employed individuals are business owners, but not all business owners are self-employed. So, what are the types of self-employment?

January 20, 2022

Crystal ball representing demand forecasting.

Demand Forecasting 101: How to Predict When Sales Will Spike

Without customer demand, there is no business. Although no one can predict exactly how high in demand a product or service will be, you can guesstimate it. How, you ask? With demand forecasting. Get the lowdown on types of demand forecasting, how to forecast demand for your business, and more.

January 18, 2022

Miscellaneous “Income” Is Now Miscellaneous “Information.” So, What Is It?

In business, it seems like you dole out money for anything and everything. Employee wages and inventory purchases are just some of the payments you might make. Sometimes, you may make payments that fall under the IRS’s miscellaneous category. And if you do, you must report them as miscellaneous information (formerly miscellaneous income). So, what […]

January 14, 2022

What Is Blockchain? All About the New Rage of the Digital Age

The world has drastically changed in the time since the invention of computers. With the rise of the internet, working from home, and digital currency, other technologies have come into play. One of those technologies is the blockchain. What is blockchain, and how can it impact your business?

January 13, 2022

Business owner creating a cost of goods sold journal entry in his accounting software.

How to Record a Cost of Goods Sold Journal Entry 101

As a business owner, you may know the definition of cost of goods sold (COGS). But do you know how to record a cost of goods sold journal entry in your books? Get the 411 on how to record a COGS journal entry in your books (including a few how-to examples!).

January 11, 2022

Why Is Bookkeeping Important for Small Business?

Small business owners have a lot on their plates. That’s why it can be a little scary to realize that bookkeeping is yet another task you have to complete to keep your business running. After all, why can’t you skip it altogether and pass it on to an accountant? Well, there are a few reasons […]

January 6, 2022

Let’s Get Down to Brass Tacks. How Does Accounting Software Work?

The fact is, business owners should know a little about accounting. And yes, hiring an accounting professional is a tremendous help. But, what about the day-to-day cash flow of your business? What about invoicing, bill payments, data entry, and other accounting tasks? That’s where accounting software can help. So, how does accounting software work?

January 4, 2022

Your Guide to GAAP (Generally Accepted Accounting Principles)

When it comes to accounting, you must follow certain rules for recordkeeping or tax reporting. Otherwise, you may wind up making mistakes and costing your company money—and nobody wants that. Many businesses must follow a set of accounting guidelines called GAAP. But, what is GAAP exactly? And, how do you know if you have to […]