Mistakes happen all the time, just look at your phone the next time you’re texting someone or putting in your password. Entering numbers in your books is no different. Data entry errors are common, but unchecked mistakes can quickly tank the accuracy of your books.
Read More Strategies for Minimizing Data Entry Errors in Accounting
Did an employee leave your business? It’s time to whip out your employee termination checklist to see what you need to do. And one of the responsibilities on said checklist is giving terminated employees their final paycheck. But, how soon do you need to pay their final paycheck? Cue final paycheck laws by state.
Read More Understanding Final Paycheck Laws by State (+ Ultimate Chart!)
Deciding whether you want to provide paid time off (PTO) is something you need to do before you hire an employee. Offering PTO also requires you to craft a PTO policy that explains how your business treats accrued PTO. But, PTO payout laws by state may restrict whether you can establish a use-it-or-lose-it policy. Sure, […]
Read More PTO Payout Laws by State: Is Your Use-it-or-lose-it Policy Breaking the Rules?
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.
Read More What Are the Types of Revenue Small Business Owners Need to Know?
Data 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.
Read More Payroll Data Security: Defending Against Payroll Data Breaches
Business 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.
Read More Your Go-to Small Business Tax Deductions Checklist
Being 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.
Read More Your Guide to Accounting Software for Sole Proprietors
Machine 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.
Read More How Is Machine Learning Used in Accounting?
Busy 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?
Read More 15 Funny Accounting Jokes & Quotes to Get Through Tax Time With a Smile
Step 1: Land the contract for a federal government-funded job. Step 2: Comply with your certified payroll reporting requirements. What is certified payroll?
Read More What Is Certified Payroll? What to Know If You Land a Federal Contract