Business Accounting

Keeping your books in order is key to running a successful business. Learn how to do it right with tips on managing debt, tax obligations, and more.

Simple bookkeeping for small business owners
Small businesses just starting out need to begin record keeping, even if they can't afford a bookkeeper. Here are some simple tips that don't take a lot of time or money to execute.
July 25, 2024 · 4 min read
What is MACRS depreciation?
Most long-term assets you use in your business must be depreciated using the MACRS depreciation method—at least on your tax return.
July 18, 2024 · 4 min read
What is current ratio and how to calculate it
Current ratio is a measure of a company's liquidity, or its ability to pay its short-term obligations using its current assets. It's also a useful ratio for keeping tabs on an organization's overall financial health.
July 18, 2024 · 3 min read
Accounting basics: What is cash accounting?
A cash accounting system is a system of accounting where the payment and expenses are recorded once the money transaction occurs. This applies both to when money is received, as well as when expenses are paid.
July 15, 2024 · 6 min read
What is fixed cost?
Fixed costs are expenses you pay each month, regardless of your business's sales or production. Understanding your fixed costs can help you price your products and remain profitable.
July 15, 2024 · 3 min read
What is a cash flow statement, and how do you make one?
A cash flow statement provides essential information for anyone seeking a snapshot of a company's financial footing. Here's how to understand and create one.
July 15, 2024 · 3 min read
What is a 1099-NEC and when does my business need to issue one?
Report your independent contractor payments with confidence on Form 1099-NEC.
July 15, 2024 · 4 min read
What are retained earnings? How to calculate them
Retained earnings are the profits that remain in your business after all expenses have been paid and all distributions have been paid out to shareholders.
July 15, 2024 · 3 min read
Business financing tips for Hispanic small business owners
Do you have a great idea for a new business but aren't sure what to do to get it off the ground, or are you ready to take it to the next level and you're looking for ways to do so? When it comes to financing options, it's easier than you think.
June 19, 2024 · 4 min read
10 advantages of having a business credit card
Find out how a business credit card can help in starting and growing your company.
June 12, 2024 · 4 min read