To keep business operations running smoothly, you need incoming money. When you make a sale or earn money from another activity, you need to record it. Learn how to record the types of revenue in different accounts. That way, you can keep your accounting books updated, organized, and legal.
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Author:
Rachel Blakely-Gray
As Patriot's Content Manager, Rachel creates engaging and informative content aimed to help business owners understand complex accounting and payroll topics.
Payroll Data Security: Defending Against Payroll Data Breaches
April 2, 2024Data breaches and cyberattacks happen every day. Payroll contains sensitive employee information such as Social Security numbers and bank account details, making it a goldmine for cybercriminals. And because 43% of all data breaches target small businesses, payroll data security should be top of mind.
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Your Go-to Small Business Tax Deductions Checklist
March 21, 2024Business expenses add up, fast. Fortunately, there are extensive tax deductions available for small business owners to offset the cost of running a business. Unfortunately, tax deductions can be complicated and confusing.
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Your Guide to Accounting Software for Sole Proprietors
March 20, 2024Being a sole proprietor is a rewarding, but challenging, journey. Many sole proprietors view managing finances as one of the most challenging tasks. But thanks to accounting software for sole proprietors, financial management (and analysis) has gotten faster and easier.
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How Is Machine Learning Used in Accounting?
March 13, 2024Machine learning (ML), a branch of artificial intelligence (AI), is everywhere. It has transformed online shopping (“users also bought…”) and TV streaming (“because you watched…”). Machine learning has also revolutionized the field of accounting.
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15 Funny Accounting Jokes & Quotes to Get Through Tax Time With a Smile
March 1, 2024Busy season for accountants can be a stressful time. You work long hours, sometimes around 100 hours a week, and crunch endless numbers during tax season. Who says you can’t find some humor amidst the piles of paperwork?
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What Is Certified Payroll? What to Know If You Land a Federal Contract
February 29, 2024Step 1: Land the contract for a federal government-funded job. Step 2: Comply with your certified payroll reporting requirements. What is certified payroll?
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Can Payroll Services Handle Direct Deposit?
February 22, 2024If you want to deposit your employees’ paychecks directly into their bank accounts, you need direct deposit. Direct deposit is a convenient payment method for employees, who receive their paycheck quickly and securely on payday. Most employers handle direct deposit through their payroll software.
Read More Can Payroll Services Handle Direct Deposit?
Do You Need a Business Tax Attorney? (When to Hire One)
February 21, 2024There might come a time when you need to hire a business tax attorney. An experienced business tax attorney can help you structure your company, dispute legal challenges involving taxes, and more.
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Tax Tips for NEW Small Business Owners (Must Read)
February 15, 2024Accountants, business owners, and individuals aren’t safe from tax-time stress. One in four Americans say tax season is so stressful and complicated that they procrastinate filing. So whether it’s your first or 31st time filing taxes as a business owner, there are ways to simplify the process. You need a cheatsheet of small business tax […]
Read More Tax Tips for NEW Small Business Owners (Must Read)