Business owners need to have a pulse on their organization’s financial performance and cash flow for decision making and obtaining business financing. You can learn how your business is doing holistically by preparing different financial statements. So, what is a financial statement?
Read More What Is a Financial Statement? [+ Examples]Amanda Cameron
2025 Sales Tax Holiday Dates: Ready, Set, Go! Mark Your Calendars
For business owners in most states, collecting and remitting sales tax is part of the job description. But on select dates throughout the year, your customers can take advantage of a sales tax holiday.
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How to Start a Seasonal Business
Are you thinking about opening a seasonal business? Operating for only part of the year can be challenging. Prepare for the highs and lows of your first season by understanding how to start a seasonal business now.
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How to Create a Small Business Growth Strategy
Getting your first sale from business is a great milestone to accomplish. Once you have a steady stream of customers, it’s time to start thinking about growing. With a solid growth strategy, you can take your business to new heights.
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5 Signs It’s Time to Hire an Accountant
Accounting, taxes, and financial planning are tricky tasks to navigate, plain and simple. Thankfully, there are tools, like accounting software, you can use to streamline your responsibilities. But at some point, you might decide to hire an accountant for their professional guidance.
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What Is the Child and Dependent Care Credit?
You work long hours as a small business owner. And if you have children or dependents, you might need help providing care while you work. But with 58% of families expecting child and dependent care expenses to cost more than $10,000 per year, things can add up quickly. Did you know the IRS offers some […]
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How to Start a Small Business: The Only Guide You Need [+ Checklist]
You have a million-dollar business idea. And after weeks, months, or even years of thinking about it, you decide to make your idea a reality. Do you know how to start a small business?
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Single-entry Bookkeeping: Should You Use It?
As your small business begins to make transactions, you must record them in your books. If you want an “easy” way to track business finances, you may consider using single-entry bookkeeping instead of double-entry bookkeeping.
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Suspense Account in Balance Sheet: Use for Questionable Transactions
Sometimes, you don’t have all the necessary information for accounting. Missing or incorrect details can derail your bookkeeping efforts, but you need to record every transaction. Use a suspense account when you’re not sure where to record general ledger entries.
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How to Post Journal Entries to the General Ledger
As a business owner, you juggle a number of tasks, including accounting. You’re responsible for creating journal entries after every transaction. But that’s not all. You also need to know how to post journal entries to the general ledger. Learn how here.
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