Adjusting journal entries are an integral part of the accounting process, and they can mean the difference between a successful business and one that fails. But what exactly are adjusting journal entries, why do we need them, and how do they work? In this blog post, we’ll explore all of that and more. We’ll… Continue reading Adjusting Journal Entries: Definition, Examples, and Introduction
If you’re a small business owner or an entrepreneur, you might have heard the term “S corporation” thrown around. But what is it exactly, and how does it work? In this blog post, we’ll dive into everything you need to know about S corporations – from its benefits to its drawbacks – and help… Continue reading What Is an S Corporation? How Does It Work?
It’s no secret that taxes can be a major headache for business owners. Whether you’re a small business owner or the CEO of a large corporation, understanding the tax code and utilizing all the deductions available to you can mean the difference between profits and losses. But with so many rules and regulations, it… Continue reading 19 Important Business Tax Deductions You Should Know
In the world of business, there are often times when one company is unsure of the accuracy of its financial data. This can cause a lot of confusion and in some cases, even lead to costly mistakes. That’s why it’s important to understand the concept of account reconciliation. Account reconciliation is a process that… Continue reading How Does Account Reconciliation Work? Definition and Examples
For most business owners, taxes can be a real headache. But as the saying goes, nothing is certain but death and taxes. So if you are going to make it in the world of business, you’ll need to know all about calculating quarterly taxes (estimated). Fortunately, this isn’t as difficult as it may seem at… Continue reading 3 Steps to Calculating Quarterly Taxes (Estimated)
Shopping online is the wave of the future, and Shopify has become one of the leaders in e-commerce platforms. But it doesn’t come without costs. If you are thinking about selling on Shopify, you may be curious about what fees will be associated with it in 2023, and how much you can expect to… Continue reading Shopify Fees 2023 | What Does It Cost to Sell on Shopify?
Many entrepreneurs and small business owners are looking for the best way to structure their companies. One popular option is to form a S Corporation or C Corporation. But what’s the difference between the two, and what advantages does each offer? In this blog article, we’ll explore the details of each type of corporation,… Continue reading S Corp v C Corp | Definition, Comparison, & Examples
Selling on Amazon can be a great way to increase your business’s profitability, but there are some costs associated with it that must be taken into consideration. These fees can often be confusing and hard to understand, so it’s important that potential sellers know what they’re getting into before launching their store. In this… Continue reading Amazon Seller Fees 2023 | What It Costs to Sell On Amazon
Introduction Accounts payable is a type of accounting transaction that tracks the amount of money owed to suppliers and vendors for goods and services. It can also refer to the actual invoice, or bill, that is sent out for payment. Understanding what account payable is and how it works can help businesses better… Continue reading What Is Accounts Payable? Definition & Examples
Introduction Businesses of all sizes must handle their finances carefully and accurately in order to remain competitive. One of the most important financial tools is known as account receivable, which is essentially a company’s ability to collect money owed by customers or clients who have purchased goods or services on credit. Account receivable… Continue reading What Is Accounts Receivable? Definition & Examples