Understanding how to pay invoices efficiently and on-time is key to running a successful business. Prioritizing prompt, accurate invoice payment helps you build and maintain relationships with suppliers, which are…

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…

Understanding how to pay an invoice is a critical skill to possess if you own or operate a business of any size. Businesses small and large need to pay their…

As a small business owner, managing your accounts payable helps you keep track of short-term debt, avoid incurring late fees, and stay on top of your cash flow. It involves…

Tax season can be a stressful time for many small business owners. When every dollar matters, you want to make sure your 2024 return (filed in 2025) is 100% accurate—but…

If you’re new to entrepreneurship, learning how to do your taxes as a small business owner is a necessary step for financial success. There’s new concepts to learn, and your…

Cash disbursements, or payments from one party to another, are made every day by small businesses to pay for services or goods. Accurately tracking cash disbursements is an essential part…

Balance sheets are a key way for businesses to monitor their finances. Whether you need day-to-day information about money matters or you’re about to make a major financial decision, your…

For many small business owners, having sufficient cash flow is essential to make sure you can pay employees, suppliers, or other business partners in a timely fashion. However, the amount…

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…

If you’re looking for a budgeting system to implement in your small business, activity-based budgeting is worthy of consideration—especially if you’re looking to cut costs in your operation. Not only…

As a small business owner, you’ve probably got your eye set on one or more goals that will lead to expansion or growth for your company. In order to reach…

As you begin your career as a small business owner, it’s important that you take the time to set yourself up for financial success. This includes expanding your financial literacy…

As you begin building your small business, there are a number of logistical and administrative matters to sort out that lay the foundation for your future growth. You need to…