accounting basics Sales Tax 
Patriot Software
SEPTEMBER 20, 2022
When you sell goods to customers, you likely collect and remit sales tax to the government. And when you purchase products, you typically pay sales tax. But, how do you record these tax collections and payments in your accounting books? Sales tax accounting.
Snyder
JUNE 20, 2022
Basic steps in accounting for small businesses. Open a business bank account. Go through business bookkeeping basics. Get to know small business tax obligations and procedures. Small business accounting software to help you stay on top of accounting. What is small business accounting?
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LyfeAccounting
OCTOBER 28, 2020
But interestingly enough, many small businesses often neglect their accounting until tax time, or don’t do it all. As a CPA that studies and practices accounting, I know that accounting isn’t the most exciting thing in the world. However, eventually, you will be faced with the reality of accounting. Look, I get it.
Snyder
JANUARY 3, 2023
You essentially become a jack of all trades – from sales, through customer care all the way to marketing. But the most important aspect of any business is accounting. So let’s take a look at how to do basic business accounting, understand what your books tell you, and how to manage them efficiently with helpful software.
Snyder
MARCH 30, 2023
If you run a business, you know that your sales transactions or payments must be recorded in your books, that’s obvious. Read on to learn more about accrual and cash-based accounting methods. Find out what the rules, benefits, and limitations of each of those methods are and how accounting methods apply in the real world of business.
Cherry Bekaert
JULY 30, 2024
When performing an IPO readiness assessment, we often start with the accounting basics, including analyzing the company’s policies and procedures, chart of accounts structure, most recent draft of financial statements, and trial balance.
xendoo
OCTOBER 18, 2021
Cash basis accounting is the simpler of the two methods. In this method, you add an accounting entry every time money enters or leaves your bank account. Basically, you’ll be keeping a record of all your transactions, and this record will largely mirror your sales records and bank accounts. Chargebacks.
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