When customers make purchases on credit, you expect them to pay you. If they don’t, it can be frustrating and hurt your business. You need to know how to write off bad debt when this happens.
Read More How to Write Off Bad DebtAccounting Articles
Accounting Tips, Training, and News
Most popular blog categories
The Basics of Single-entry Bookkeeping
As your small business begins to make transactions, you need to record them in your books. If you want an easy way to track business finances, consider using the single-entry method. Single-entry bookkeeping lets you record transactions quickly so you can get back to running your business.
Read More The Basics of Single-entry BookkeepingExpense Reporting for Small Business
If you have employees, expense reporting is an important part of your accounting process. Expense reports allow flexibility and make it easier for employees to do their jobs. To save your business time and money, create an expenditure report policy.
Read More Expense Reporting for Small BusinessHow to Handle Cash Flow for 3-Paycheck Months
As a small business owner, you probably have a system for creating a budget. But sometimes, your budget needs to change because of fluctuating income or expenses. For example, you should keep an eye on cash flow for 3-paycheck months.
Read More How to Handle Cash Flow for 3-Paycheck MonthsHow to Organize Your Business Finances: Top 5 Effective Ways
The lifeblood of any business — large or small — is financial integrity. Efficiently managing your small business accounting can help determine your success. If you don’t know where to start, consider leveraging accounting software. By getting your finances in order, you will save a lot of hours, headaches, and dollars.
Read More How to Organize Your Business Finances: Top 5 Effective WaysWhen to File an Amended Tax Return for Small Business
Did you make an error on a tax return for your small business? Your first time filing taxes for small business can be tricky. You can file an amended tax return to fix mistakes and omissions that date several years back. While there are some advantages to filing an amended tax return, you do not need […]
Read More When to File an Amended Tax Return for Small BusinessWhat Are Allowable Business Expenses for Your Small Business?
As a small business owner, you may run on a tight budget. Your business expenses might add up fast between equipment, inventory, overhead, and payroll. Luckily, many of your business expenses are tax-deductible. But, what constitutes an allowable business expense?
Read More What Are Allowable Business Expenses for Your Small Business?Bookkeeping vs. Accounting: What Is the Difference?
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 program 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.
Read More Bookkeeping vs. Accounting: What Is the Difference?What Is Depreciation?
For your small business, you might make some big purchases on items to keep you in operation. When it’s time to report your expenses for taxes, using depreciation in your accounting books could help you save money.
Read More What Is Depreciation?Business Plan Benefits for Your Small Business
Do you need a business plan for your small business? If you are seeking outside funding, you are required to present a formal proposal. But, the benefits of a business plan go beyond finding lenders.
Read More Business Plan Benefits for Your Small Business