You’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.
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Operations - Tips, Training, and News
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.
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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 […]
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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?
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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?
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Business vs. Hobby: Which Is It?
April 14, 2022You’ve decided to start a business. Er … is it a hobby? How do you know if you’re making a little side money from a hobby or running a full-fledged business? Does it matter? Well, the IRS cares about whether you have a business vs. hobby, so you should, too.
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A Comprehensive Bookkeeping Clean-Up Checklist: Master Your Books
April 7, 2022Spring cleaning is a staple in households for a reason. Over time, things get pretty messy, especially when you’re busy. And in business, the same thing can happen to your accounting books. Do your books need tidying up? Use our bookkeeping clean-up checklist to get started.
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12-Month Rule for Prepaid Expenses: What to Know
April 5, 2022If you want to take advantage of business deductions before the end of the year, you may decide to prepay some of your expenses. But, hold up! Before you do that, you need to learn about the 12-month rule for prepaid expenses.
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How Much Does it Cost to Start a Business? Putting Together Your Estimate
March 31, 2022The average cost to start a business is less than $10,000. But, every business is different. So if you have a million-dollar business idea, you probably want to know what it’s going to cost you. How much does it cost to start a business, exactly?
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What’s the Cost of Accounting Software for Small Businesses?
March 24, 2022When you start a small business, you need an easy and reliable way to track income and expenses. One way you can manage your books is by using accounting software. But, what’s the cost of accounting software? Find out the factors that can impact pricing and what additional costs to look out for while shopping […]
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