What is a Profit and Loss Statement Meant to Show to Small Business Owners?
The Profit and loss (P&L) statement is an important financial report for businesses. This accounting statement summarizes the income and expenditure…
What Are Some Common Risks of Online Accounting?
Online accounting allows companies to use information technology for recording transactions. The use of technology results in accurate and timely…
Tips for Self Employed Individuals to Save Taxes in 2022
Tax season is a tense and frustrating event for many self-employed individuals. You cannot postpone the declaration of income simply…
The Use of Tax Software for Efficient Tax Management
It is mandatory for every US citizen to file taxes. But filing income tax returns accurately and on time is…
How to Use a Balance Sheet to Evaluate the Health of Your Business?
A balance sheet is part of a financial statement that shows the current financial position of a company. This accounting statement…
How to Simplify the Tax Season in 2022?
Running a business is hard enough without adding the complexity of filing taxes each year. The key, experts say, is…
Finance and Accounting Skills Every Entrepreneur Needs
Finance and accounting are important skills for a business owner in this day and age. Keeping up to date with…
12 Microsoft Excel Accounting Tips for Small Business Owners
While there is a plethora of financial tools to manage your business bookkeeping, many businesses still use Microsoft Excel to…
What is the Difference Between Cash Basis Accounting and Accrual-based Accounting?
Cash and accrual-based accounting are the two common types of accounting. Businesses must select one of the accounting methods to…
Better Bookkeeping Tips for the Self-Employed
It comes to no one’s surprise to learn that bookkeeping is an important business activity. However, it is also one…
