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.

What are your financial statements telling you?
Your small business's financial statements provide a wealth of relevant information for measuring your progress. Each one—balance sheet, income statement, cash flow statement, and statement of equity—provides another piece of your financial puzzle.
February 2, 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.
January 31, 2024 · 3 min read
Are you using your personal accounts for your business?
Whether you're freelancing from home or building a brick-and-mortar business, having a business bank account proves that your business is legitimate and not a hobby.
January 31, 2024 · 11 min read
Business basics: How to open an LLC bank account
Opening a bank account for your LLC is an important step for your business. Learn how to open an LLC bank account using our guide.
January 26, 2024 · 8 min read
How to pay quarterly taxes
Paying taxes four times a year sounds onerous, but it actually eases the burden of year-end taxes. Plus, the penalties for not paying quarterly taxes on time should convince you to get it right.
January 23, 2024 · 4 min read
What is FICA tax? Understanding FICA for small business
Hiring your first employee? The FICA tax is one of several payroll taxes employers need to withhold and pay to the IRS.
January 18, 2024 · 3 min read
Small business filing requirement for employee healthcare: Form 1095-B
This form isn't required for all small businesses—just those that self-fund employee health coverage.
January 17, 2024 · 3 min read
What is an income statement and how to make one
An income statement is one of the four primary financial statements. It may go by other names, including the profit and loss statement or the statement of earnings. No matter the name, it's a measure of your company's performance.
January 17, 2024 · 4 min read
How to reconcile your bank statements
What is the best way to catch fraudulent or erroneous bank transactions? Proper bank statement reconciliations. Here's a step-by-step guide to help you reconcile your balance sheet cash account to your bank statement.
January 17, 2024 · 5 min read
What is an expense report?
Businesses can use expense reports to claim valuable tax deductions and confirm that employee expense reimbursements are legitimate business expenses.
January 16, 2024 · 3 min read