Call Us (877) 968-7147 Login
You’ve heard about debits and credits. You know they increase and decrease certain accounts. But, how much do you know about the accounts they affect? There are five types of accounts in accounting.
Read More Types of Accounts in Accounting to Memorize
Mistakes happen, especially when it comes to recording transactions in your books. One type of accounting mistake that’s easy to make is a transposition error. Read on to learn what is a transposition error and how it can affect your accounting books.
Read More Transposition Error, the Little Mistake That Causes Big Problems
As a seller, you prepare invoices requesting payment from customers who make purchases on credit. And as a buyer, you may also need to create some documents, like a purchase order (PO). What is a purchase order?
Read More What Is a Purchase Order, and When Would You Need to Create One?
Nearly 80% of small businesses have and use credit cards for business purposes. If you’re part of this majority, you’ll receive a credit card statement each month.
Read More How to Read a Credit Card Statement [+ Example]
You might have heard of the Golden Rule in life: Treat others as you want to be treated. But, did you know that there’s also a golden rule for accounting? In fact, there are three golden rules of accounting. And no … one of them is not treating your accounts the way you want to […]
Read More What Are the Three Golden Rules of Accounting?
If you have employees, you likely need to fill out and file Form 941 each quarter. Form 941 is jam-packed with different sections and calculations, which leaves room for errors. Avoid major Form 941 mistakes and learn how to fill out Form 941 line by line here.
Read More How to Fill Out Form 941 (2025): Step-by-step Instructions to Fill Out Form 941
As a business owner, you’re responsible for keeping your business’s books in shipshape. To do that, you need to choose an accounting method and stick with it. But as your small business grows, you might need to change your accounting method. You can do this with Form 3115.
Read More Form 3115: Changing Your Accounting Method
Choosing your accounting method is the first step in handling your company’s books. If you’re a small business owner, you may prefer the simplicity of cash basis as opposed to accrual or modified cash-basis accounting. But before solidifying your decision, learn the pros and cons of cash-basis accounting.
Read More Pros and Cons of Cash-basis Accounting
When it comes to company taxation, each state has its own set of laws for businesses. And depending on your type of business structure, you might be subject to different types of laws, such as the throwback rule.
Read More Throwback Rule: Does Your State Have a Throwout or Throwback Rule for Corporations?
Do you own an S corporation and offer health insurance to employees? If so, handling health insurance may get confusing if you have a 2% shareholder-employee. Learn how 2% shareholder health insurance works for S corporations.
Read More What Is 2% Shareholder Health Insurance?