Cash Basis Accounting vs. Accrual Basis Accounting

Cash basis accounting and accrual basis accounting are two methods used by businesses to record fina...

Your Quick Guide to Business Structures

Once you get your business up and running, you’ll quickly discover a world of legal matters you have...

As a small business owner, you’re in a unique position. Your most valuable asset isn’t likely to be ...

A significant part of running a business is knowing the dollar amount your company owns in assets — ...

Your business might not be profitable in its formative years, leaving you with no option but to push...

Most people know that debit cards let you spend out of a checking account, while credit cards let yo...

Still using a shoebox and notebook approach to accounting? Accounting software provides a way for yo...

From buildings to machines, equipment and tools, every business will have one or more fixed assets l...

As a business owner or employee in the United States, calculating, deducting, and paying tax is a ma...

Owner’s equity is the value you arrive at when your business’ liabilities are deducted from your bus...

A journal entry is the first stage of the accounting process. Its purpose is to record a business tr...

Form W 9 is an IRS form used by businesses to request independent contractors and freelance workers ...

Monitoring your Cost Of Goods Sold or COGS can help improve your profitability. It’s also a tax-dedu...

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