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The Ultimate Guide to SMB Accounting

May 26, 2023
Time to read: 10 min

While SMB accountancy tasks seem burdensome, you could discover they're more doable than they first appear.By dividing your accounting chores into smaller pieces and developing a schedule of activities to perform, you should be able to be on top of your bookkeeping responsibilities.Small-to-mid size business (SMB) accounting can get confusing at ti...

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What is a Pro Forma Income Statement?

Apr 21, 2023

A pro forma income statement is a financial document that predicts the expected financial performance of a business over a specific time period. As such, it’s a useful tool that business owners may use to estimate what their future expenses, revenue, and profits will be. Pro forma income statements may be used for a variety of purposes inclu...

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Income Statement vs. Balance Sheet

Income Statement vs. Balance Sheet: Know the Difference

Jan 31, 2023
Time to read: 8 Minutes

 

  As a business owner, the income statement and balance sheet are both vital business documents. However, they are not one and the same, although a good income statement usually translates to a good balance sheet. In some cases, a business may have a great income statement but not a good balance sheet. Sadly, many business owners mi...

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small business accounting advice you need to consider to help ensure your success and lead to better decision-making

Top 13 Small Business Accounting Advice To Save Your Money

Jan 27, 2023
Time to read: 11 Minutes

If you own a business or are just about to start one, you may have probably realized rather quickly that there are tons of details to consider. Most small business owners do not have a background in accounting, making it overwhelming for them. However, they still have to learn its ins and outs if they want to succeed in their business.   Whi...

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What is a Self-Employment Ledger and Why It’s Important for You?

Jan 27, 2023
Time to read: 10 Minutes

One dilemma that many self-employed individuals face is the burden of proof of income, especially when applying for loans or claiming benefits, and even paying taxes. This is where a self-employment ledger comes into play. This article would help you understand self-employment ledgers and their use for your business. What is a Self-Employment Led...

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