Taxes are a big part of running a business, and they can take a toll on your bank account. But sometimes, you can receive an income tax refund for your business. If you do, you need to know how to record a journal entry for income tax refund in your books.
Read MoreIt’s Tax Season—Time to Enter a Journal Entry for Income Tax RefundAmanda Cameron
5 Signs It’s Time to Hire an Accountant
Accounting, taxes, and financial planning are tricky tasks to navigate, plain and simple. Thankfully, there are tools, like accounting software, you can use to streamline your responsibilities. But at some point, you might decide to hire an accountant for their professional guidance.
Read More5 Signs It’s Time to Hire an Accountant
Markup vs. Margin Chart: How to Calculate Margin and Markup
Business owners often confuse margin and markup. Both figures help you set prices and measure productivity. But, a margin vs. markup chart shows that the two terms reflect profit differently.
Read MoreMarkup vs. Margin Chart: How to Calculate Margin and Markup
How to Find an Accountant for a Small Business
作为一个小企业主,你可以做很多你r bookkeeping with online accounting software. But, some accounting duties are more difficult than recording your transactions. You might need an accountant to help you with tough financial tasks. Do you know how to find an accountant for a small business?
Read MoreHow to Find an Accountant for a Small Business
How in the World Do You Post Journal Entries to the General Ledger?
As a business owner, you juggle a number of tasks, including accounting. You’re responsible for creating journal entries after every transaction. But that’s not all. You also need to know how to post journal entries to the general ledger. Learn how here.
Read MoreHow in the World Do You Post Journal Entries to the General Ledger?
12 Must-know Questions to Ask an Accountant
As a business owner, you do it all. But when it comes to your finances, it may be a good idea to consult an accounting expert for help—especially if you’re just starting your venture. An accountant can assist with tracking and analyzing your finances and keeping your records up-to-date and accurate. But, it all starts […]
Read More12 Must-know Questions to Ask an Accountant
Cloud Accounting Software: Questions to Consider
As a small business owner, you need to record your financial transactions. But, accounting is not easy, and all signs point to accounting software. Why use accounting software? Cloud-based accounting software could be a low-cost, time-saving option for tracking your business’s finances.
Read MoreCloud Accounting Software: Questions to Consider
The Basics of Payroll Accounting: How to Record Payroll Entries in Your Books
If you’re an employer, you can’t just be on your merry way after paying your employees. You also need to account for payroll expenses in your books. This is where payroll accounting comes into play. To ensure your accounting books are accurate, learn how to record payroll transactions.
Read MoreThe Basics of Payroll Accounting: How to Record Payroll Entries in Your Books
What Is a Financial Statement?
Scoot over financial health tunnel vision. You can learn how your business is doing holistically by preparing different financial statements. So, what is a financial statement?
Read MoreWhat Is a Financial Statement?
How to Record Sales Returns and Allowances
‘Tis the season for purchase returns … all year long. Because if you sell products at your business, you know that not all customers are satisfied. If a customer wants to bring back an item, you need to make sales returns and allowances journal entries.
Read MoreHow to Record Sales Returns and Allowances