Bounced checks — whether those you receive from customers or those you wrote yourself — can go a long way in terms of skewing your financial records. When you learn…
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Employees are everything within a business – they are the people who build the product, carry out the service, interact with customers, and maintain the company culture. One article from…
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The difference between cash vs accrual accounting is when transactions are entered into the books. With cash accounting, transactions are entered when they actually occur. With the accrual method, transactions…
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The acronym EIN is short for Employee Identification Number. In a nutshell, an EIN identifies your business to the IRS. It’s sort of like a Social Security number for your…
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If you’re a freelancer or even a sole proprietor, you likely know the importance of tracking your time. Time tracking for freelancers is easier than ever thanks to a wide…
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Invoicing is an important part of your business’s overall success. If you aren’t sure how to invoice correctly, you could be inadvertently impacting your company’s bottom line in a negative…
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Customer appreciation gestures can go a long way toward increasing your company’s customer satisfaction and retention rates. Implementing ideas for customer appreciation during the holidays adds an extra bonus for…
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In short, depreciation is an accounting method that helps you offset the cost of an asset over the timespan of its useful life. When a business purchases an asset such…
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As a business owner, knowing the difference between accounts payable vs accounts receivable is important. Whether you do the books yourself or you hire an in-house bookkeeper, understanding important terms…
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Bookkeepers and accountants are vitally important to the success of any business. While some might think the definitions of bookkeeper vs accountant are very similar, they are in fact quite…