What are Expense Accounts in accounting?
"You have to spend money to make money" is everyday phrase entrepreneurs use. While spending helps to grow your business, tracking...
Small Business
What are liability Accounts in accounting?
When your business is obligated to pay vendors for services or products received, these are listed in the Liability accounts. Liabilities...
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...
10 Best Small Business Trends in 2022
To ensure your business stays relevant with its solutions, you keep up with the best small business trends shaped by technological...
Web-based accounting software and 10 benefits for small business
Is web-based accounting software better for your small business? We highlight the ten benefits for small businesses. But first, let's understand...
Small Business Contracts: 4 Reasons You Need them
In businesses of all sizes, it's essential to ensure everyone is singing from the same hymn sheet. This is where small...