Business Accounting

Keeping your books in order is key to running a successful business. Learn how to do it right with tips on managing debt, tax obligations, and more.

4 Types of Financial Statements That Every Business Needs
Whether you're looking for investors for your business or want to apply for credit, you'll find that these four types of financial statements can help you.
August 27, 2024 · 9 min read
Business Basics: How to Open an LLC Bank Account
Opening a bank account for your LLC is an important step for your business. Learn how to open an LLC bank account using our guide.
August 8, 2024 · 8 min read
Business vs. Personal Expenses: What Is Deductible?
Business and personal expenses are like oil and water—they shouldn't mix. Here's how to keep them separate, and what to do when they overlap.
July 30, 2024 · 8 min read
What Is Accounts Receivable?
No trick question here—accounts receivable is exactly what it sounds like. Accounts receivable represents money owed to a company for goods or services it has already delivered. Learn why it is such an integral and telling part of a company's financial picture.
July 30, 2024 · 3 min read
What Are Operating Activities?
Operating activities track the heart of your business. Here's how to calculate and understand one of your company's most vital metrics.
July 30, 2024 · 3 min read
What Are Financing Activities?
Cash flow from financing activities reveals the health and direction of a business. Understand financing activities with this quick guide.
July 30, 2024 · 3 min read
What Is a Trial Balance?
While a trial balance is not a financial statement, this internal report is a useful tool for business owners. It lists all of the account balances in the general ledger. It is also used at audit time to see the impact of proposed audit adjustments.
July 29, 2024 · 2 min read
Simple Bookkeeping For Small Business Owners
Small businesses just starting out need to begin record keeping, even if they can't afford a bookkeeper. Here are some simple tips that don't take a lot of time or money to execute.
July 25, 2024 · 4 min read
What Is MACRS Depreciation?
Most long-term assets you use in your business must be depreciated using the MACRS depreciation method—at least on your tax return.
July 18, 2024 · 4 min read
What Is Current Ratio and How to Calculate it
Current ratio is a measure of a company's liquidity, or its ability to pay its short-term obligations using its current assets. It's also a useful ratio for keeping tabs on an organization's overall financial health.
July 18, 2024 · 3 min read