Accounting

When you start a business, you are likely fueled by passion, a great product, or a desire to solve a problem. It’s rare for an entrepreneur to say, "I can't wait to manage my spreadsheets and track receipts!" Because of this, bookkeeping is often shoved to the bottom of the to-do list. However, maintaining accurate financial records isn't just a chore to get through before tax season—it is the foundational heartbeat of your business. Whether you are a solo freelancer or manag

Many items we buy for use in business can be expensed in the year purchased. This means the value of office supplies, some computers and furniture, and other items needed to operate a business can be placed on the profit and loss statement as an expense which reduces net income. However, not all items we buy are allowed to be expensed in the current year and must be capitalized. So, instead of being able to “write-off” the entire item as an expense, we must put the new asset

A crash course on the basics of accounting.

Loans conceptually are quite easily to understand, but accounting for them may not be obvious.