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 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: The Essential Differences for Small Businesses (and When to Use Each)Recordkeeping Articles
Recordkeeping - Tips, Training, and News
Top 5 Accounting Errors You Might Be Making [+ Tips to Find Them]
Accounting errors are inevitable, especially if you’re rushing to add information into your small business accounting books. To detect accounting errors sooner rather than later, learn which ones to keep an eye out for and how to find them in the first place.
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How Do I File a 1099 for My Independent Contractors?
If you hire an independent contractor and pay them $600 or more during the tax year, you must create, distribute, and file Form-1099-NEC. You might wonder, How do I file a 1099?
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What Is a Purchase Order, and When Would You Need to Create One?
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?
How to Read a Credit Card Statement [+ Example]
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.
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2025 Common Tax Scams: IRS “Dirty Dozen” Highlights
Tax scams are afoot in 2025. Are you prepared? The IRS compiles an annual list of common scams known as the “Dirty Dozen” list to help taxpayers navigate threats.
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What Is Cash-basis Accounting?
One of your first choices as a business owner is your accounting method. Before making a decision, take some time to compare the cash-basis vs. accrual basis methods of accounting. Having to switch from cash-basis to accrual-basis after the fact can be difficult. The way you keep your books affects many aspects of your business, […]
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How Long to Keep Business Records [+ Best Practices]
Picture this: You own a small restaurant. One day, you receive an IRS notice, you’re being audited. Do you A) Panic or B) Calmly review your business records? If you know how long to keep business records (and which ones to keep), you’ll have the supporting documents needed to back up your tax return claims.
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What Is Zero-Based Budgeting? How it Can Help Small Businesses
To stay on top of your business expenses, you need to constantly plan and update your small business budget. When you make a traditional budget, you use the previous budget and tweak it. This might not be the most effective way to make a budget, especially for small companies. Another option is zero-based budgeting. What […]
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Strategies for Minimizing Data Entry Errors in Accounting
Mistakes happen all the time, just look at your phone the next time you’re texting someone or putting in your password. Entering numbers in your books is no different. Data entry errors are common, but unchecked mistakes can quickly tank the accuracy of your books.
Read More Strategies for Minimizing Data Entry Errors in Accounting