What Is Cost of Goods Sold (COGS)? A Simple Guide

If you've ever looked at a profit and loss statement and felt your eyes glaze over, you’re not the only […]

A Guide to Mileage Rates for Employees and Reimbursements

When your team uses their own cars for work, you need to pay them back. The easiest way to do

Running a small business is a lot. You’re the boss, the salesperson, the marketing team, and sometimes, the janitor. The

A general ledger is the main financial record for your business. Think of it like a big book where every

Running a small business is like juggling a dozen things at once. You’re always thinking about your customers, your projects,

To figure out your operating expenses, you just add up all the costs of running your business day-to-day. This doesn't

Getting paid isn't the same thing as earning money. It’s a simple idea, but it’s one that trips up a

If there's one piece of small business accounting advice that trumps all others, it's this: open a separate bank account

Learning how to read a balance sheet is all about one simple idea: what you own equals what you owe

So, you're thinking about buying a business. That's a huge step! It’s like buying a used car. From the outside,