If you have a business bank account, you should regularly receive a paper or electronic statement. These business bank statements provide valuable information for managing your business finances.
Read More Tossing Your Business Bank Statements in the Trash? Get to Know Them InsteadAccounting Articles
Accounting Tips, Training, and News
May 4, 2021
13 Accounting Periods … What’s the Deal?
As a business owner, a big part of your job is handling accounting tasks. Part of your accounting responsibilities is looking at accounting periods and analyzing reports and other financial information. Many businesses use monthly accounting periods. However, some companies may opt to take advantage of 13 accounting periods instead. So, what is this 13th […]
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April 29, 2021
The Math Behind the Accounting Equation
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—financed with debt or paid for with capital. Use the accounting equation to see the difference. What is the […]
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April 27, 2021
How to Keep Your Direct vs. Indirect Costs Straight
When you have a business, you have direct and indirect costs. Tracking these expenses is key to having up-to-date books, receiving tax deductions, and making business decisions. So, what’s the difference between direct vs. indirect costs?
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April 23, 2021
Tax Season Is the Time to Enter a Journal Entry for Income Tax Refund
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.
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April 22, 2021
Your Crash Course on the Different Types of 1099 Forms
You’re probably familiar with Forms 1099-MISC and 1099-NEC. But, how much do you know about the other types of 1099 forms?
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April 20, 2021
7 Steps on How to Apply for an SBA Loan
Whether you’re opening the doors to your business or 20 years into the swing of things, you may be considering a loan. One option is a loan through the Small Business Administration (SBA) if you have a small business. But, what is an SBA loan? And, how do you complete an SBA loan application? Let’s […]
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April 16, 2021
Activity-based Costing: Finding Where Your Money Goes
Not sure what activities your overhead costs are going towards? With activity-based costing, product-focused businesses can get into the nitty-gritty details to better allocate expenses. That means you can more accurately analyze your spending—and price your products.
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April 15, 2021
Business Tax Credits: Your Ultimate Guide to Sustainable Savings
If you’re like most taxpayers, you look for every possible deduction when filing your tax return for business. One way to lower your tax liability is to claim business tax credits. And due to the coronavirus pandemic, there are also a number of temporary tax credits for employers to claim.
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April 13, 2021
Cashing in on Crypto: Your Guide to Crypto Payments and Accounting
The digital world is changing a lot. So, you’re probably wondering how to change with it, especially when it comes to your business. And, that may make you think about the latest buzz in finance—cryptocurrency.
Read More Cashing in on Crypto: Your Guide to Crypto Payments and Accounting
