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...
Master Your Finances: Setting Up Rules in Xero and QuickBooks Online
Picture this: It's 3 a.m. and you're hunched over your desk, trying to balance your books. You're manually entering data, cross-checking figu...
An Unseen Business Game-Changer: ASC 606 And Its Influence on Small Businesses
Imagine a small alteration in your accounting practice that could lead to significant shifts in your company's financial landscape. No, we're...
Accrual Accounting Uncovered: Empowering Your Business Growth
Just as a skilled conductor leads an orchestra to create harmonious music, accrual accounting can be your maestro, synchronizing your financi...
Thriving in a Financially Agile World: A Comprehensive Guide for Small Businesses
In a world where the only constant is change, financial agility has become the cornerstone of successful small and medium-sized businesses. T...
Embracing the Adventure: Succeeding in Amazon's eCommerce Ecosystem
If Amazon were a jungle, its sellers would be the explorers - brave souls charting a path through dense growth, facing uncertainties, and the...
Turbocharging Your Business Growth with an Online Bookkeeping Service: A Comprehensive Guide
It's another late night at the office. Your desk is cluttered with invoices, tax forms, and payroll sheets. As a business owner, you didn't s...