Tax• 3 min read
What Is Depreciation? A Small Business Guide
Depreciation spreads the cost of long-lived assets over time. Here is what it means for your books and taxes, and the records to keep.
Resources
Tagged: Small business
Tax• 3 min read
Sales Tax Nexus Basics: When Might You Need to Register?
Sales tax is set state by state. Here is what "nexus" means, why it matters for growing businesses and what records help you assess it.
Bookkeeping• 3 min read
How to Separate Business and Personal Finances
Mixing personal and business money makes bookkeeping slower and tax records weaker. Here is how to separate them and keep them separate.
Bookkeeping• 3 min read
Tracking Startup Costs Before and After You Launch
Knowing what it costs to start helps you plan funding and set up clean books. Here is how to estimate and track startup costs.
Bookkeeping• 3 min read
How to Read a Profit and Loss Statement
Your profit and loss statement shows whether the business made money and why. Here is how to read it section by section, and what to look for.
Bookkeeping• 3 min read
How to Read a Balance Sheet for Your Small Business
The balance sheet shows what your business owns and owes on a given day. Here is how to read it and which balances to check each month.
Bookkeeping• 3 min read
Month-End Close Checklist for Small Businesses
A short, consistent month-end close is what turns transactions into reliable reports. Here is a checklist you can follow.
Bookkeeping• 3 min read
How to Set Up a Chart of Accounts for a Small Business
Your chart of accounts decides what your financial reports can tell you. Here is how to structure one that stays useful as the business grows.
Tax• 3 min read
How to Get an EIN for Your Business
An EIN identifies your business to the IRS. You can get one free, directly from the IRS. Here is when you need one and how to apply.