What are Asset Accounts in accounting?
Without Assets, making a case for an active and healthy business is challenging. Asset Accounts show a list of your company's...
What is the 1099 NEC form used for?
As a small business owner, you are already familiar with working with the Internal Revenue Service (IRS) forms. The 1099 NEC...
What are Capital Accounts in accounting?
When starting a business, entrepreneurs often think of capital. Hence, capital accounts are pivotal in the process of transforming great business...
What are Income Accounts in accounting?
Understanding your income accounts gives insight into your business's cash flow and financial health. In this article, we talk about income...
Single entry vs Double entry Accounting Explained
Single entry vs. Double entry Accounting -- does it really matter? Yes, it does. If you are a person who pays...