As a small business owner, we know you’ve got a lot on your plate. Between managing supplies and satisfying customers, the last thing you need to worry about is an accounting error (or any error for that matter). With the right processes and tools in place, you can be well equipped to handle…
The first steps of your accounting to open your company
The best way to project your business is by measuring all the progress. If you don’t, it is difficult to evaluate and outline future projects. To do this, you must analyze the progress of day-to-day operations through accounting records that will allow you to leave a trace of all decisions about the financing and use of your resources…
Why every business owner needs a business credit card
When you’re a business owner, it’s normal to focus on running and growing your business. But the way you pay for business expenses is equally important, and this is an area where business credit cards can be a huge help.
Bookkeeping vs. accounting: a small business guide to the differences
Whether you sell baseball cards, baseballs, or tickets to a baseball game, your business still needs a bookkeeper or an accountant, or ideally, both.
Though bookkeeping and accounting are two terms frequently used interchangeably, they are different. A bookkeeper’s responsibilities are mainly transactional, gathering and entering financial transactions. By contrast,...
Direct vs. Indirect Costs: What’s the Difference?
As a business owner, you need to manage all aspects of your business, including accurately accounting for various costs. Whether you’re using accounting software or recording expenses manually, one area where business owners may struggle is properly categorizing direct costs and indirect costs.