Expense or Asset
When should costs be expensed and when should costs be capitalized? Capitalizing or expensing purchases is a common question for small business owners. The way purchases are accounted for can sometimes make the difference between an income statement that shows a profit and one that shows a loss. Read on to find out the difference between the two.
Reconcile your bank accounts
Bank reconciliation is part of life as a small business owner. It keeps your bookkeeping accurate and can help lower your tax, alert you to fraud, and allow you to track costs. So how do you do it?
Small Business Deductions
While understanding which small business tax deductions you can claim can significantly reduce the amount of taxes your business pays, identifying these expenses can be confusing and complicated.
Bookkeeping Catch-Up
Staying up to date on your business’ bookkeeping can feel like an uphill battle; especially while trying to focus on making your business a success. Unkempt books can take a toll on your financial and mental health.