Your business lives and dies by your ability to buy and sell products on a competitive margin. But, you may take for granted why bookkeeping is important to the health of your business. Several mistakes, like errors of omission, can get in the way of keeping accurate books
Read More Error of Omission: Getting to Know This Common Accounting MistakeAccounting Articles
Accounting Tips, Training, and News
Do You Know How to Choose the Right Accounting Software for Your Business?
June 21, 2022Maybe you’re thinking about buying accounting software for the first time. Or, you’re finally ready to switch software providers. At some point, you may wonder how to choose accounting software. There are so many options out there that even knowing where to get started selecting the right accounting software can feel impossible. This article will […]
Read More Do You Know How to Choose the Right Accounting Software for Your Business?
Accounting KPI: Key Performance Indicators in Your Business
June 16, 2022Your business is efficient and error-free all the time. Well, maybe it’s 90% of the time. Actually, maybe 85% of the time. OK, maybe it’s time to investigate with an accounting KPI (key performance indicator). With knowledge comes power, as soon as you know where improvements are needed, you can create a plan for future […]
Read More Accounting KPI: Key Performance Indicators in Your Business
Sole Proprietorship vs. LLC: What’s Best for Your Business?
June 7, 2022You’ve finally come up with the perfect business. Now, it’s time to structure it. And if you’re torn between sole proprietorship vs. LLC (limited liability company) you might be wondering what business entity best fits your needs.
Read More Sole Proprietorship vs. LLC: What’s Best for Your Business?
Top 18 Accounting Questions You Didn’t Know You Had [Answered]
May 31, 2022You don’t know what you don’t know. This phrase couldn’t be more true, especially when it comes to taking up your business’s accounting. After all, it’s a technical and complex subject. And when it comes to your responsibilities, you probably have a million accounting questions,even if you don’t know exactly what they are.
Read More Top 18 Accounting Questions You Didn’t Know You Had [Answered]
For Simple Bookkeeping, Consider Going With the Cash Method
May 26, 2022Forty percent of small business owners agree that bookkeeping (the process of recording transactions) and taxes are the worst part of the job. Although it might be taxing (no pun intended!), bookkeeping is a key part of business. But, that doesn’t mean you have to make things unnecessarily difficult. For simple bookkeeping, you may consider […]
Read More For Simple Bookkeeping, Consider Going With the Cash Method
Accounts Receivable Process: Your Step-by-step Guide
May 17, 2022When you extend credit to customers, you deal with something called accounts receivable. To ensure your company gets paid and your books are all up-to-date, you need to have a solid accounts receivable process in place. Here’s your step-by-step guide on accounts receivable processes and procedures to live by.
Read More Accounts Receivable Process: Your Step-by-step Guide
What Is a Nominal Account? [Definition + Examples]
May 5, 2022Accounting deals with many different types of accounts. One account you may stumble across in your accounting journey for your business is a nominal account. But, what are nominal accounts?
Read More What Is a Nominal Account? [Definition + Examples]
Offering a Retirement Plan Could Score You 401(k) Tax Credits
April 28, 2022Thinking about offering your employees a 401(k) plan? Already offer a retirement plan to your team? Either way, you’ll want all of the juicy details about the 401(k) tax credits for employers. Get the scoop on the 401(k) tax credit and how you can use it to lower your tax liability.
Read More Offering a Retirement Plan Could Score You 401(k) Tax Credits
Revolutionizing Bookkeeping: The Role of AI in Accounting
April 26, 2022AI (artificial intelligence) has been a game-changer for everything from speech recognition to language translation and … accounting? Yes, AI in accounting continues to transform the process of bookkeeping. How so?
Read More Revolutionizing Bookkeeping: The Role of AI in Accounting