accounting blog

To choose the right option for you, think about the present and future versions of your business — your accounting software should be able to support both. Right now, check that it’s within your budget and is compatible with your point-of-sale and/or payroll software, as well as your accountant’s system. Based on how much you expect your small business to grow, keep an eye on scalability, too. A proper financial data management system can provide valuable, actionable insights and prevent problems, such as skimming fraud. As a bookkeeper, you oversee the first steps of the accounting cycle, while an accountant typically handles the last two. Cost accounting manages company spending by focusing on cost records and reports.

The Impact of Income Tax Liability on Your Balance Sheet

CPA Practice AdvisorIt began with a focus on technology but soon evolved to include general industry news and practice management resources. In addition to the print and online publication, https://www.accountingcoaching.online/should-your-business-be-an-llc-or-an-s-corporation/ there’s also a podcast and several topic-based newsletters. Stay informed with this list of blogs, podcasts, and resources for small business accounting professionals.

Why Your Pre-Revenue Startup Company Needs Bookkeeping

These blogs will keep your accounting skills up to date and grow your knowledge in a continually evolving accounting industry. Heather Gates is a managing director with Deloitte & Touche LLP and has more than 30 years of experience working in the startup and private company space, including 18 years at Deloitte. She has spent her career cultivating and maintaining strong relationships throughout the private company and investor communities in the San Francisco Bay Area and beyond. In her role as the national leader, she brings the power of the firm to key markets throughout the US. With her vast personal network and knowledge of the industry, Heather has unique insight into the people, institutions, and technologies that shape Silicon Valley. She regularly meets with entrepreneurs and venture capitalists, and has expanded Deloitte’s services to leading companies based in the Bay Area and nationally.

How to Deduct Repair and Maintenance Expenses: Navigating IRS Safe Harbor Rules

Grow your accounting business while also growing your knowledge and expertise in the field with a free 14-day trial of Jetpack Workflow. Keeping https://www.intuit-payroll.org/ cops in shape and running a few gyms is all in a day’s work for Kelly Kennedy. Here’s how she handles her financial admin, while staying sane.

Writer: Harold Averkamp, CPA, MBA

The EIDL loan and grant program has re-opened for all small businesses. When you learn how to do a basic cash flow analysis, you’ll feel more confident about making business decisions. If the past few years have shown us anything, it’s just how crucial having an emergency fund for your company can be. An SBA loan can help your business grow—here’s how to qualify for one.

accounting blog

Heather is founder of Satterley Training & Consulting, LLC, a firm dedicated to helping accounting professionals learn and implement QuickBooks and related applications. She works with sole practitioners and teams to streamline internal processes as well as consulting on a variety of client engagements. As a member of the Intuit Trainer/Writer network, Heather teaches QuickBooks to accounting professionals all over the country via live training events, webinars, and conferences. Accounting Today is one of the most famous accounting news, trade magazine, and informative blog on the Internet.

Dan brings a wealth of experience from companies like Shopify, where he led in the development and growth of financial solution integrations for small businesses. Save yourself stress, time, and money by getting informed on how to avoid the eight most common tax mistakes the IRS sees small businesses make year after year. April is Financial Literacy Month and to celebrate, we’ve gathered some of our top resources to help you gather a clearer picture of your business’s overall financial health. Learn how digital marketer Myca Williamson combines business strategy with creative storytelling for small businesses. Discover how Bench streamlines finances, saving time and enabling focus on creative pursuits.

accounting blog

They also feature columns from industry experts and thought leaders. Jetpack Workflow’s accounting software makes it easy to keep your tasks and timelines organized. what is depreciation in accounting Project tracking tools, readymade templates, and more help you manage your practice efficiently so you have the freedom and flexibility to stay informed.

After originally relying on an accounting firm, Trigg Wilkes decided there had to be a better way to manage his books, on his time. And with the help of FreshBooks and Bench, he’s been able to. Bench is excited to announce its new partnership with Bambee, a company that provides HR guidance and support for small to medium-sized businesses. Everything you need to know about preparing for tax filing and lowering your tax bill this tax season.

What’s more, they also provide an excellent podcast with great interviews and regular webinars on subjects like automation and workflow optimization. Going Concern has been operating in the accounting space for a long time. In many ways, they have single-handedly dismantled the perception that accounting is dull thanks to its sharp, erudite, and occasionally snarky take on industry news. They’re also known for some excellent investigative reporting. Again, the depth of understanding and research is what sets the FT blog apart from its rivals.

With nearly 300 episodes and counting, it’s no wonder everyone keeps tuning in.🎧Why should you get to know your bookkeeping clients? Solutions for CPA Firm LeadersAs an expert in CPA firm management, Rita Keller shares regular practice management advice and kicks off each post with an apt quote. Gusto Accounting Partners BlogFreshBooks’ US payroll app partner, Gusto, has a fantastic blog for accounting partners that covers industry trends, growing your firm, and partner success stories. Yep, the blog is a bit more straight-laced and covers accounting concepts that’ll help any small business owner.

  1. Although a CPA is expected to parse all of the dense writing that comes with regular changes to the tax code, this blog can be a nice shortcut if you’re looking to save some time.
  2. Here’s what you can do to start preparing for PPP forgiveness.
  3. Karrin Sehmbi is a lead content management specialist on the small-business team.
  4. CPA’s can even refer some of these resources to their clients if they run small businesses.
  5. Belonging to journalist Kay Bell, a native Texan who focuses on breaking tax news, sharing tax tips, and detailing changing regulations, this site is ideal for taxpayers and tax professionals alike.
  6. The month of November is a time to pause and pay tribute to the rich and remarkable history, ancestry, and traditions of Indigenous Americans.

This guide will help you understand forex rates, how to keep your transcations secure and compliant, and what to look for when choosing between banks and online services. Bookkeeping can be a chore, but there’s many benefits to be had beyond being ready for tax season. Learn more about how you can use the reports provided to you to make better business decisions. If you’re not sure where to start, these best practices can help. If you haven’t filed your taxes in years, historical bookkeeping may seem unnecessary.

accounting blog

Here’s how FreshBooks and Bench saved Graham’s back office day-to-day—so he could focus on saving the planet. The month of November is a time to pause and pay tribute to the rich and remarkable history, ancestry, and traditions of Indigenous Americans. This time is also an opportunity to raise awareness about the unique challenges Indigenous people in the US have faced—and continue to face. Looking for ways to celebrate or further educate yourself about Indigenous heritage? Check out our link in bio for some great resources to get started.

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