Accounting

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…

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…

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…

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…

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…

The terms “revenue” and “profit” are often used interchangeably. But when it comes to small business accounting, they’re most certainly not the same thing. And, in order to clearly grasp…

Business bookkeeping tasks can be the source of a lot of hassle for business owners. The piles of paperwork, concern over potential errors; it can all add up to big-time…

Running a business can be expensive. In any given month, you may need to pay building rent and utilities, employee payroll, business car expenses, supplies…and the list could go on…

Accurate accounting and bookkeeping is a key factor in evaluating the health of any small business and identifying areas for growth. That’s why the small business accounting software that you…

Business terms can be confusing…especially when it comes to accounting business terms. Terms like accounts payable and accounts receivable don’t typically come in normal conversation. If you’re just starting to…