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Small Business Accounting

    Small Business Accounting

    The  Essentials 

    do-i-need-a-bookkeeper
    Pros and Cons

    Should I hire a bookkeeper?

    Reviewed by Erica Ortiz
    January 11, 2022 | 7 min read
    common-bookkeeping-mistakes
    Common mistakes

    7 common bookkeeping mistakes

    Reviewed by Sheila Malavet
    February 2, 2022 | 7 min read
    can-i-do-payroll-myself
    Frequently Asked Questions

    Should I do my business payroll myself?

    Reviewed by Sheila Malavet
    November 4, 2021 | 5 min read
    best-payroll-software
    Complete Guide

    Best payroll and accounting software for small businesses in 2022

    Reviewed by Sheila Malavet
    March 23, 2022 | 26 min read
    should-i-do-my-own-bookkeeping
    Frequently Asked Questions

    Should I do my own bookkeeping?

    Reviewed by Erica Ortiz
    January 18, 2022 | 6 min read

    Helpful  Resources 

    what-is-a-profit-and-loss-statement
    Reference

    What is a profit and loss statement?

    Reviewed by Sheila Malavet
    January 21, 2022 | 7 min read
    balance-sheet
    Reference

    What is a balance sheet?

    Reviewed by Sheila Malavet
    October 5, 2021 | 9 min read
    bookkeeper-cost
    Reference

    How much does a bookkeeper cost?

    Reviewed by Sheila Malavet
    February 22, 2022

    Accounting doesn't have to be hard.

     

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    Recent Accounting Articles

    When should I get a bookkeeper?

    Reviewed by Sheila Malavet | Written on Mar 14, 2025

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    Reviewed by Sheila Malavet | Written on Mar 08, 2025 | Last updated on Mar 8, 2025

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    What is enhanced reporting and how can it help my business grow?

    Reviewed by Janice Godin | Written on Feb 28, 2025

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    What is the best budgeting software?

    Reviewed by Janice Godin | Written on Feb 17, 2025

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    Reviewed by Janice Godin | Written on Feb 17, 2025

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    Is QuickBooks enough?

    Reviewed by Janice Godin | Written on Feb 07, 2025

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    Do I need to keep my receipts?

    Reviewed by Nate Richards EA | Written on Jan 22, 2025

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    Reviewed by Janice Godin | Written on Dec 30, 2024

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    Reviewed by Janice Godin | Written on Nov 08, 2024

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    What does it really mean to be out of budget?

    Reviewed by Janice Godin | Written on Nov 08, 2024

    Financial Planning and Analysis
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    How can enhanced financial reports take my business to the next level?

    Reviewed by Janice Godin | Written on Sep 16, 2024 | Last updated on Nov 29, 2024

    Financial Planning and Analysis

    How can financial forecasting help my business grow?

    Reviewed by Janice Godin | Written on Sep 16, 2024 | Last updated on Nov 29, 2024

    Financial Planning and Analysis

    How do I create a reconciliation report?

    Reviewed by Janice Godin | Written on Sep 16, 2024 | Last updated on Nov 22, 2024

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    Is it okay to go over my business budget?

    Reviewed by Janice Godin | Written on Sep 10, 2024 | Last updated on Nov 25, 2024

    Financial Planning and Analysis
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    Why should I create a budget for my business?

    Reviewed by Janice Godin | Written on Sep 03, 2024 | Last updated on Nov 25, 2024

    Financial Planning and Analysis
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    4 reasons your small business should offer a 401(k)

    Reviewed by Sheila Malavet | Written on Aug 05, 2023 | Last updated on Nov 25, 2024

    Employees, Contractors, Benefits and Payroll

    How to deal with debt in your small business

    Reviewed by Sheila Malavet | Written on Jul 17, 2023 | Last updated on Nov 22, 2024

    Financial Planning and Analysis
    Cash Flow Management
    Bookkeeping and Accounting Basics

    Why use a payroll provider?

    Reviewed by Janice Godin | Written on May 19, 2023 | Last updated on Nov 25, 2024

    Employees, Contractors, Benefits and Payroll

    Should I hire a CPA or a financial advisor?

    Reviewed by Sean DiMercurio CPA CGMA | Written on May 09, 2023 | Last updated on Nov 29, 2024

    Bookkeeping and Accounting Basics

    Should I hire an outsourced CFO service?

    Reviewed by Sean DiMercurio CPA CGMA | Written on Apr 21, 2023 | Last updated on Nov 29, 2024

    Financial Planning and Analysis

    How detailed should my financial statements be?

    Reviewed by Sean DiMercurio CPA CGMA | Written on Apr 20, 2023 | Last updated on Nov 22, 2024

    Bookkeeping and Accounting Basics
    Financial Statements

    Bookkeeping or accounting: which do I need?

    Reviewed by Janice Godin | Written on Apr 13, 2023 | Last updated on Nov 22, 2024

    Bookkeeping and Accounting Basics

    How do state taxes work?

    Reviewed by Sean DiMercurio CPA CGMA | Written on Apr 10, 2023 | Last updated on Nov 25, 2024

    Paying Your Income Taxes
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    Employees, Contractors, Benefits and Payroll

    What to do if your partner is stealing from the business

    Reviewed by Sean DiMercurio CPA CGMA | Written on Mar 24, 2023 | Last updated on Nov 29, 2024

    Business Formation and Registration
    Employees, Contractors, Benefits and Payroll

    7 ways to prepare your business for a recession

    Reviewed by Sheila Malavet | Written on Feb 23, 2023 | Last updated on Nov 25, 2024

    Financial Planning and Analysis
    Cash Flow Management

    How to handle conducting layoffs in your business

    Reviewed by Janice Godin | Written on Feb 14, 2023 | Last updated on Nov 25, 2024

    Employees, Contractors, Benefits and Payroll

    What is business debt?

    Reviewed by Janice Godin | Written on Jan 16, 2023 | Last updated on Nov 22, 2024

    Bookkeeping and Accounting Basics

    How to pay your kids

    Reviewed by Nate Richards EA | Written on Jan 05, 2023 | Last updated on Nov 22, 2024

    Business Tax Deductions and Credits
    Employees, Contractors, Benefits and Payroll

    Does my bookkeeper really need access to my accounts?

    Reviewed by Sheila Malavet | Written on Nov 14, 2022 | Last updated on Nov 22, 2024

    Bookkeeping and Accounting Basics

    Can a sole proprietor hire employees?

    Reviewed by Sheila Malavet | Written on Oct 14, 2022 | Last updated on Nov 25, 2024

    Employees, Contractors, Benefits and Payroll

    Flat rate vs hourly: What's the difference?

    Reviewed by Sheila Malavet | Written on Oct 14, 2022 | Last updated on Nov 29, 2024

    Bookkeeping and Accounting Basics

    Cash vs accrual: Which accounting method is best for my business?

    Reviewed by Janice Godin | Written on Sep 22, 2022 | Last updated on Nov 22, 2024

    Bookkeeping and Accounting Basics
    Business Tax Deductions and Credits
    Federal Income Taxes

    Income statement vs cash flow statement: What's the difference?

    Reviewed by Janice Godin | Written on Sep 16, 2022 | Last updated on Nov 22, 2024

    Bookkeeping and Accounting Basics
    Financial Statements

    What is an adjusting journal entry?

    Reviewed by Sean DiMercurio CPA CGMA | Written on Sep 15, 2022 | Last updated on Nov 22, 2024

    Bookkeeping and Accounting Basics

    How to create a small business chart of accounts

    Reviewed by Sheila Malavet | Written on Aug 08, 2022 | Last updated on Nov 22, 2024

    Accounting Software

    What is cost of goods sold (COGS) and how do I calculate it?

    Reviewed by Sheila Malavet | Written on Jul 26, 2022 | Last updated on Nov 22, 2024

    Bookkeeping and Accounting Basics
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    Which retirement plan is best for my small business?

    Reviewed by Sean DiMercurio CPA CGMA | Written on Jul 14, 2022 | Last updated on Nov 25, 2024

    Employees, Contractors, Benefits and Payroll

    How to read your financial reports correctly

    Reviewed by Sheila Malavet | Written on Jun 22, 2022 | Last updated on Nov 22, 2024

    Bookkeeping and Accounting Basics
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    7 things to do before hiring your first employee

    Reviewed by Sheila Malavet | Written on Jun 17, 2022 | Last updated on Nov 25, 2024

    Employees, Contractors, Benefits and Payroll

    How do I report benefits on my W-2 as an S corp owner?

    Reviewed by Sean DiMercurio CPA CGMA | Written on May 19, 2022 | Last updated on Nov 25, 2024

    Employees, Contractors, Benefits and Payroll

    10 things to check your books for before tax season [Checklist]

    Reviewed by Sheila Malavet | Written on May 13, 2022 | Last updated on Nov 29, 2024

    Bookkeeping and Accounting Basics
    Business Tax Deductions and Credits

    How do I separate my business and personal finances?

    Reviewed by John Kirkland | Written on May 06, 2022 | Last updated on Nov 22, 2024

    Bookkeeping and Accounting Basics

    6 mistakes to avoid when starting a small business

    Reviewed by Sean DiMercurio CPA CGMA | Written on Apr 07, 2022 | Last updated on Nov 22, 2024

    Bookkeeping and Accounting Basics
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    Financial Statements

    Best small business payroll and accounting software

    Reviewed by Sheila Malavet | Written on Mar 23, 2022 | Last updated on Nov 25, 2024

    Working in Xero
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    How much does a bookkeeper cost?

    Reviewed by Sheila Malavet | Written on Feb 22, 2022 | Last updated on Nov 22, 2024

    Bookkeeping and Accounting Basics

    How do I pay myself from my LLC?

    Reviewed by Sean DiMercurio CPA CGMA | Written on Feb 11, 2022 | Last updated on Nov 25, 2024

    Cash Flow Management
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    7 common bookkeeping mistakes to avoid

    Reviewed by Sheila Malavet | Written on Feb 02, 2022 | Last updated on Nov 22, 2024

    Bookkeeping and Accounting Basics

    Should I do my own bookkeeping?

    Reviewed by Janice Godin | Written on Jan 18, 2022 | Last updated on Nov 22, 2024

    Bookkeeping and Accounting Basics

    Pros and cons of hiring a bookkeeper for your small business

    Reviewed by Janice Godin | Written on Jan 11, 2022 | Last updated on Nov 22, 2024

    Bookkeeping and Accounting Basics

    Should I issue a W-2 or a 1099?

    Reviewed by Sheila Malavet | Written on Dec 30, 2021 | Last updated on Nov 25, 2024

    Employees, Contractors, Benefits and Payroll

    How do I choose a small business bank account?

    Reviewed by Sheila Malavet | Written on Dec 02, 2021 | Last updated on Nov 25, 2024

    Financial Planning and Analysis
    Cash Flow Management

    Can I run my business' payroll myself?

    Reviewed by Sheila Malavet | Written on Nov 04, 2021 | Last updated on Nov 25, 2024

    Employees, Contractors, Benefits and Payroll

    When should I issue 1099s?

    Reviewed by Janice Godin | Written on Sep 01, 2021 | Last updated on Dec 13, 2024

    Bookkeeping and Accounting Basics
    Employees, Contractors, Benefits and Payroll
    Federal Income Taxes

    What is reasonable compensation for S corporation owners?

    Reviewed by Sean DiMercurio CPA CGMA | Written on Feb 03, 2021 | Last updated on Nov 25, 2024

    Employees, Contractors, Benefits and Payroll

    Do I have to forecast my business’ cash flow?

    Reviewed by Sheila Malavet | Written on Apr 21, 2020 | Last updated on Nov 29, 2024

    Financial Planning and Analysis

    How can I reduce my business debt?

    Reviewed by Sheila Malavet | Written on Apr 07, 2020 | Last updated on Nov 25, 2024

    Financial Planning and Analysis
    Cash Flow Management

    What should I do before I sell my small business?

    Reviewed by Sean DiMercurio CPA CGMA | Written on Mar 24, 2020 | Last updated on Nov 25, 2024

    Financial Planning and Analysis
    Buying, Selling, or Merging Your Business
    Financial Statements

    Should I fund my business with equity or debt?

    Reviewed by Sheila Malavet | Written on Jan 28, 2020 | Last updated on Nov 25, 2024

    Financial Planning and Analysis
    Cash Flow Management

    What is a profit and loss statement?

    Reviewed by Sheila Malavet | Written on Jan 21, 2020 | Last updated on Nov 22, 2024

    Bookkeeping and Accounting Basics

    What is a balance sheet? [+ example]

    Reviewed by Sheila Malavet | Written on Jan 14, 2020 | Last updated on Nov 22, 2024

    Bookkeeping and Accounting Basics
    Accounting Software
    Financial Statements

    What is a cash flow statement?

    Reviewed by Sheila Malavet | Written on Jan 07, 2020 | Last updated on Nov 22, 2024

    Bookkeeping and Accounting Basics
    Accounting Software
    Financial Statements

    How often should I pay my employees?

    Reviewed by Sheila Malavet | Written on May 15, 2019 | Last updated on Nov 25, 2024

    Financial Planning and Analysis
    Employees, Contractors, Benefits and Payroll

    That's it!

    This list will continue to expand as we release more articles.

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