It’s a common mistake: you see a deposit for $1,258.92 from your marketplace or payment processor and categorize it as “Sales” without a second thought. But what actually happened behind the scenes?

While granularity in a COA offers many advantages, it's crucial to exercise caution against excessive detail or intricacy.

The beauty of modern accounting is that physical separation isn't always necessary for financial clarity.

In this article we’ll take a look at the benefits and draw backs to using PayPal for business.

In this article we’ll explore the benefits of segregating business expenses from personal ones and discuss whether it's a worthwhile practic

Tax planning is a subject on which many business owners do not have a full grasp. In this article we will explore what tax planning is,...

Choosing the right accounting software for your business is an important decision. The right software can help you save time, automate...

Should you put all advertising under advertising? Should you have separate categories for social media ads vs. direct marketing? Or...

There are 3 major reports used to determine the financial health of a business. This article will take an in-depth look at one of them. A...

If you are like many business owners, you're wondered if you should keep your company's bookkeeping in-house or hire...

What is the difference between Cash and Accrual basis accounting? Does one provide more benefits than the other?

Is your business obligated to collect sales tax? Is the product or service you’re offering even subject to sales tax? In which states are...

Many small business owners wonder if keeping that shoe box or accordion file is really necessary. If you’re wondering too, you’re not...

You may have heard this term thrown around by your accountant or your bookkeeper from time to time, but what is a Journal Entry and why...

Tax forms can be confusing but as an employer you’re expected to know everything. Here are a few quick tips to help you keep some of...

For many employers the line between employees and independent contractors can get blurry. Are there clear-cut rules to delineate? Does...

All bookkeepers are not created equal. A common misconception regarding bookkeepers is that they all offer the same services. Another one...

It can be a challenge to sort out a confusion, especially when it pertains to your finances. We’ve all asked ourselves at one time or...

What types of business purchases should you expense and which one should be depreciated? What is the difference between expensing and...

There are certain things only a CPA can help you with and there are other, related things you can use a bookkeeper for. How do you know...