Accounts payable is a summary of your company’s short-term debt obligations, and is therefore a credit. The sum total of your accounts payable is a liability because it represents a…

Business owners are obligated to provide certain information to the IRS when working with independent contractors or freelancers. The two key information return forms to collect and submit to the…

Outsourced accounting refers to when a third party handles the accounting for your small business. This professional service manages your bookkeeping, taxes, payroll, financial reporting, and other accounts payable and…

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