In accounting, there’s one thing you can’t ignore: how debits and credits work. To keep accurate books, learn and understand the difference between credit vs. debit.
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Hire a Collection Agency: Guide to Getting Your Receivables
Collection agencies help businesses secure payments from late-paying customers. If you are struggling with your collections, you might want to hire a collection agency.
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Following the Money: What Is Cash Flow?
As a small business owner, there’s no better way to understand the health of your business than through your cash flow. But, what is cash flow? Cash flow is the money that moves in and out of your business. Your cash flow either keeps your business afloat or can cause it to sink. Read on […]
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What Is a Corporation?
One of your first decisions as a small business owner is choosing between business structures. Your structure dictates many vital aspects of your company, including liability. To protect your personal assets from business liabilities, you may consider structuring as a corporation.
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What Is Bookkeeping? The Truth Is in the Numbers
Whenever you make a sale or purchase, the amount of money your business has will change. Keeping track of your business’s financial transactions is key to your business’s future. Luckily, those sales and purchases create documents such as invoices and receipts. Bookkeeping tracks your finances through the documentation that your business creates on a day-to-day […]
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Basic Accounting Forms for Small Business That You Should Know
As a small business owner, you have many accounting responsibilities, like tracking your business transactions, income, and expenses. And on top of juggling these tasks, you must also understand which basic accounting forms are relevant to your small business.
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How to Fill Out a 1099-MISC Form: 1099-MISC Instructions [The Ultimate Guide]
How do you fill out the most recent version of the 1099-MISC form? Learn how to fill out Form 1099-MISC and where to send completed forms.
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Top 7 Must-Have Payroll Software Features for Your Business
Payroll has a lot of moving gears. From collecting time cards to withholding taxes, it can be, well, a lot. To simplify your payroll responsibilities and put more time back into your day for other tasks, you may consider getting payroll software. But, what’re the kinds of payroll system features you need to look out […]
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Bookkeeping vs. Accounting: The Essential Differences for Small Businesses (and When to Use Each)
As a small business owner, paying close attention to your finances is vital to the survival and growth of your company. You can handle much of your accounting on your own with some time and resources. But when you look at your books and feel lost, it might be time to call an expert.
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Cloud Accounting Software: Questions to Consider
Key Takeaways − Cloud accounting keeps your books online so you can access them anywhere, collaborate in real time, and reduce manual work. When choosing software, evaluate budget, time savings, ease of use, business fit, features, support, security, and data protection. Compare cloud vs. desktop by accessibility, updates/maintenance, backups, integrations, and internet needs. Prioritize core […]
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