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6 Accounting Mistakes Business Owners Make
Running a business isn’t easy. Messing up is. Learn the most common mistakes these 3 accounting professionals have seen clients make with their small business accounting (so you don’t make them too)....
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FreshBooks Accounting – Say Hello to FreshBooks
Balancing your books, client relationships, and business isn’t easy. FreshBooks gives you the info and time you need to focus on your big picture—your business, team, and clients. Watch the video to...
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Mastering the inventory turnover ratio: Tips for better management
The inventory turnover ratio measures a company’s inventory turnover over a specific period, usually one fiscal year. Using this ratio, the company can divide the number of days in the period to...
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How to sell on eBay: A simple guide for beginners to make money
To sell on eBay, start by creating an account and setting up your eBay store—it’s like opening your own digital shop! Get familiar with eBay’s fees so there are no surprise costs, and create listings...
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Mastering the Times Interest Earned Ratio: A Comprehensive Guide
The times interest earned (TIE) ratio is a calculation measuring a company’s ability to pay off debt obligations, based on the company’s operating income. This ratio states the number of times a...
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What happens if you get audited and don’t have receipts?
If you get audited by the IRS and don’t have the receipts to support your expenses, income, tax credits, and deductions, it can lead to financial penalties, interest, back taxes, or even criminal...
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How much does a CPA cost? Understanding the fees and services
Hiring a certified public accountant (CPA) is a smart move for small business owners. Along with tax preparation services, they provide expertise in tax and finance regulations and compliance,...
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How do I pay myself from my LLC? Your essential guide to the process
To pay yourself from your LLC, you typically use one of two methods: an owner’s draw or a salary, depending on your LLC’s structure. Single-member LLCs usually pay through owner’s draws, while...
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Mastering cash flow analysis: A comprehensive guide
Cash flow analysis is an essential component of business strategy. The cash flow statement provides an overview of cash inflows and outflows for your business, including operating activities,...
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What is an LLC license? Understanding its importance for your business
Deciding what type of business legal structure to use is a key decision for starting a new small business. A limited liability company, or LLC, is a popular option thanks to its personal liability...
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