The Difference Between Bookkeeping and Accounting
Stepping into the Financial Jungle: Your Map to Success Imagine this. You're a small business owner standing at the threshold of a financial...
Unraveling the Mystery of Accounting Journal Entries: Your Pathway to Smoother Business Operations
What are Accounting Journal Entries? At its core, an accounting journal entry is a method used to record transactions into the accounting sy...
The Power of Historical Bookkeeping for Late Tax Filers
Did you know a stack of unfiled tax returns could secretly be your ladder to untapped financial opportunities? Let’s dive into the world of h...
Why Your Business Needs Checks and Balances
Picture this: You've worked tirelessly to build your small business from the ground up, dedicating countless hours to perfecting your product...
Mastering the Financial Side of House Flipping: Your Complete Guide to Accounting
House flipping is no casual endeavor—it's a thrilling roller coaster ride where careful planning meets hard, hands-on work. Yet, between hunt...
Restaurant Inventory: The Ultimate Guide for Small Business Owners
If Sherlock Holmes owned a restaurant, his first line of investigation would unquestionably be the inventory. Why, you ask? Because understan...
What’s the Difference Between Depreciation and Amortization
Picture yourself trapped in a maze, but instead of hedges, you're surrounded by terms like 'depreciation,' 'amortization,' 'goodwill,' and 't...
Class Tracking in QuickBooks Online and Tracking Categories in Xero
Every business owner knows that accounting is the backbone of any successful venture. Yet, who said that it has to be tedious? With the advan...
How to Get a Business License
You've finally done it. You've burned the midnight oil, crunched the numbers, and meticulously drafted your business plan. But before you set...
Tackle Your Piled-Up Bookkeeping: Step by Step Guide for Small Business Owners
Don't Let Overdue Bookkeeping Keep You Up At Night! Are you a small business owner drowning in a sea of receipts and invoices? You're not al...
Payroll Tax: A Lifesaver Guide for Small Business Owners
Have you ever marveled at how some small businesses manage to sail smoothly through the complex maze of payroll taxes, while others stumble, ...
Creative Approaches to Recognize Revenue in an eCommerce Business
"From the surface, the eCommerce world appears as a boundless field with ripe fruits hanging low, ready to be plucked. But, seasoned entrepre...
Shaping the Future of Your Startup: Business Forecasting
Do you ever wish you had a crystal ball that could tell you where your startup is heading? Financial forecasting, when done right, might just...
The Great Debate: Fixed Asset or Expense?
Imagine finding yourself at the crossroads of a crucial financial decision. You've just made a significant purchase for your small business, ...
The Power of Reconciling Your Bank and Credit Card Accounts
Imagine your business as a high-performance race car, sleek, powerful, and ready to take on any challenge. However, even the most finely-tune...
The IRS 20-Point Checklist: Deciphering Employee vs Contractor Status for Small Businesses
Imagine you're in the boxing ring, gloves on, sweat trickling down your face. In one corner, it's the Employee, a powerful entity known for i...
What entity structure should I choose when starting a new business?
Embarking on a new business venture is exhilarating, akin to standing at the peak of a mountain, ready to paraglide. But, don't let your para...
Other Income and Other Expenses in Your Small Business Accounting
Picture this: You're reading your business's profit and loss statement. Everything seems clear enough. You see revenues, cost of goods sold, ...
Value of Annual Physical Inventory Counts: A Must-Do for Small Businesses
Imagine discovering a hidden treasure in your warehouse. No, we aren't talking about a long-lost artifact, but the vast untapped potential of...
The Unseen Iceberg in Small Business Waters: Unraveling the Nexus Mystery
vPicture this - You're captaining a ship, navigating through the tumultuous seas of the business world, guided by the compass of ambition and...
Understanding Cost of Goods Sold for Small Businesses
Cracking the accounting code may seem like deciphering a complex puzzle for many, but what if we told you there's a Rosetta Stone that can si...
Convert Your Cash-Basis Books to Accrual at Tax Time: A Game-Changer in Small Business Solutions
Imagine a moment when your business stands at the edge of significant growth. A period of excitement tempered by the headache of accounting a...
How to Pay Yourself as a Business Owner by Entity Type
Introduction - Profiting From Your Passion: The Entrepreneur's Guide Finally, your passion project turned business is not just surviving, bu...
Unlocking Growth: Navigating Small Business Solutions in Accounting and Bookkeeping
Breaking Boundaries: A Small Business Journey Every small business begins with an idea, a spark of inspiration that promises to disrupt indu...