As a business owner, traveling for work can be exciting. After all, what employee doesn’t like driving around town to meet daily business needs, or better yet, going to a new place and meeting new people? But, whether it’s in town or out of town, travel for work can also be time-consuming, complicated, and frustrating. […]
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Guest Author:
Andrew Freiman
The Matching Principle in Accounting: How a Debit and Credit Fall in Love
If you’ve ever sent an invoice to someone who planned to pay later, you’re probably using accrual accounting. It can be hard to keep track of finances when you’ve accrued payables and liabilities. But, using the matching principle can help you stay organized. The matching principle in accounting states that you must report expenses in […]
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FSA Dependent Care Helps Employees Help Their Loved Ones
Thinking about offering additional benefits to your employees? A dependent care FSA can help employees with the expense of caring for their dependents while also reducing their tax liability. Employers can also reap plenty of benefits from offering FSA dependent care, including increased employee engagement and reduced stress. Read on to learn more about who’s […]
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Changing Accounting Software? Here’s What You Need to Know Before Making the Switch
As a small business owner, you already have enough on your plate. There’s no reason to hold on to accounting software that doesn’t meet your needs. Changing accounting software can make your business’s day-to-day run smoother than ever.
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Keep Track of Your Giving Spirit With a Donation Expense Journal Entry
Did your business make a donation? Are you thinking about making one? If your business is in the giving spirit and donates to a nonprofit, you need to make a donation expense journal entry. The way you record a donation expense journal entry differs depending on the types of donations you give.
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Is It Time to Take Your Services Remote? Offering Virtual Bookkeeping 101
Nowadays, everything seems to happen in the cloud and jobs everywhere are going remote. Well, go ahead and add virtual bookkeeping to that list. With virtual bookkeeping, accountants can work with clients remotely whether they’re in the same state or across the country. Interested in learning more about what it takes to become a virtual […]
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Setting up an Accounting System: Crunching the Numbers
Software is a popular type of accounting system you can use to streamline your bookkeeping process. Depending on the software you choose, you can save your time and money and focus on what matters—running your business. But first, you need to know about accounting software setup. Lucky for you, our guide makes setting up accounting […]
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Has Your Business Been Hit Hard? 8 Tips on How to Solve Supply Chain Problems
First it was COVID shutdowns. Then it was the Ever Green wedged in the Suez Canal (remember that?). Now, it’s a national shortage of truck drivers, warehouse space, and shipping containers … and it’s impacting businesses nationwide. Close to 96% of small business owners report that supply chain disruptions have impacted their business. Has it […]
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California Payroll Tax: What You Need To Know About the Golden State
There are a million things you have to manage when running your business. Whether or not you want to admit it, payroll taxes should be one of your top concerns. Payroll taxes generally include Social Security and Medicare. But, many states have additional taxes that employers need to deduct from employee wages. California payroll tax […]
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How to Start a Family-owned Business: Keeping It in the Family:
It wouldn’t be an understatement to say that family-owned business is synonymous with American business. Eighty-seven percent of American businesses are family owned. You read that right: 87%. That means that family-owned businesses employ a huge portion of the U.S. workforce—62% to be exact. And to top things off, family-owned businesses make up 64% of […]
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