If you’re new to entrepreneurship, learning how to do your taxes as a small business owner is a necessary step for financial success. There’s new concepts to learn, and your…
Cash disbursements, or payments from one party to another, are made every day by small businesses to pay for services or goods. Accurately tracking cash disbursements is an essential part…
Balance sheets are a key way for businesses to monitor their finances. Whether you need day-to-day information about money matters or you’re about to make a major financial decision, your…
For many small business owners, having sufficient cash flow is essential to make sure you can pay employees, suppliers, or other business partners in a timely fashion. However, the amount…
Business owners are obligated to provide certain information to the IRS when working with independent contractors or freelancers. The two key information return forms to collect and submit to the…
Outsourced accounting refers to when a third party handles the accounting for your small business. This professional service manages your bookkeeping, taxes, payroll, financial reporting, and other accounts payable and…
If you’re looking for a budgeting system to implement in your small business, activity-based budgeting is worthy of consideration—especially if you’re looking to cut costs in your operation. Not only…
As a small business owner, you’ve probably got your eye set on one or more goals that will lead to expansion or growth for your company. In order to reach…
As you begin your career as a small business owner, it’s important that you take the time to set yourself up for financial success. This includes expanding your financial literacy…
As you begin building your small business, there are a number of logistical and administrative matters to sort out that lay the foundation for your future growth. You need to…
Tracking expenses, paying employees, staying compliant with IRS regulations—bookkeeping is essential to efficient business operations. When you have a good system set up, it’s easy to stay on top of…
While it may seem daunting to those who are new to the industry, accounting for property managers is really no more complicated than accounting in any other industry. That said,…
For an entrepreneur looking to streamline their company’s operations while also reducing the margin of error in routine business activities, investing in accounts payable software for small businesses is a…
When you’re running a business, establishing a budget and keeping close tabs on your financial standing is essential—it helps put your business on solid footing and sets you up for…
If you’re a small business owner, you know the importance of tracking fluctuations in revenue vs. profit. It gives you important information about your business, and helps you project potential…
