As a business owner, there are a lot of things to pay attention to when running your company. Payroll, hiring, bookkeeping … the list goes on and on. And, that list includes monitoring all of your business records. So, what are the most important business records to track?
Read More 6 Business Records to Track as an Entrepreneur
Owning a business comes with some heavy-duty responsibilities. From invoicing to updating your books, you have a lot of tasks to juggle. You need the right tools to help you keep your business moving along without dropping what you’re juggling.
Read More Accounting Tools to Consider for Your Small Business
As a business owner, you likely deal with invoices on a regular basis. Maybe you send them to your customers. Or, maybe you’ve received them in the past for making purchases. Regardless, if you’re planning on invoicing your customers, you need to come up with solid invoice payment terms.
Read More Mastering Invoice Payment Terms for Smooth Business Transactions
Filing taxes can be a bear. Between deadlines, line items, and completing forms, there is a lot of information to know. And whether it’s your first time filing taxes for small business or you’re a seasoned business owner, you may have some questions. So if you’re looking for answers on how to file a business […]
Read More How to File a Business Tax Return in 4 Simple Steps
Whether you’re a new startup or you’ve been in business for decades, your company needs capital to grow and thrive. And, having a solid understanding of capital and how it can benefit your company can help you regardless of what stage your business is in. So, what is capital?
Read More What Is Capital in Business, and How Does it Work?
So, you’ve started your dream venture (cue the applause and the confetti cannons!). But now, it’s time to get your registrations out of the way. You might be wondering: Do I need to open a business bank account?
Read More “Do I Need to Open a Business Bank Account?” (Asks Business Owners Everywhere)
As a business owner, you’ve probably made purchases for your company on credit before. And if you make a lot of purchases on credit, tracking how much you owe each vendor can be overwhelming. The solution? An accounts payable aging report.
Read More Accounts Payable Aging Report: What Can it Do for Your Business?
Accounting is an essential part of running a business. But, that does not mean you have to be an accountant to understand the basics. Part of the basics is looking at how you pay for your assets. Are they financed with debt or paid for with capital? Use the accounting equation to see the difference. […]
Read More The Math Behind the Accounting Equation
Taxes are a big part of running a business, and they can take a toll on your bank account. But sometimes, you can receive an income tax refund for your business. If you do, you need to know how to record a journal entry for income tax refund in your books.
Read More Tax Season Is the Time to Enter a Journal Entry for Income Tax Refund
As a business owner, you do it all. But when it comes to your finances, it may be a good idea to consult an accounting expert for help, especially if you’re just starting your venture. What does an accountant do? An accountant can assist with tracking and analyzing your finances and keeping your records up-to-date […]
Read More 12 Must-know Questions to Ask an Accountant