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Bank reconciliation is the process of comparing the records of your company’s ledger to those of your bank. This process helps to determine whether there are any differences between the two financial statements. Learn how to reconcile your bank account and why it is so important in this guide. Read more
Create a payroll system that meets your needs by reading this guide. We will explain what payroll is, why it's important, how to set up your own payroll system, and much more. Read more
Top business owners advise the use of separate bank accounts for business purposes. If you are starting small, you may wonder if there is a need to create a bank account just for your business. Learn why a business bank account is crucial for your company in our guide. Read more
If you are an investor or preparing to venture into stocks, bonds, real estate, or other forms of capital assets, you must be aware of the tax charge on capital gains. Capital gains are subject to tax be it long-term or short-term. Learn the difference here. Read more
Every business must record all of its cash transactions in a cash book. A professional bookkeeper records these data and finds the difference between payments and receipts to determine the amount of available cash. So, how is a cash book prepared? More importantly, what is the importance of a cash book in accounting? Read more
What Is the difference between S Corp and C Corp? These two ways to structure your business can make a big difference in your tax rate, financials, and more. Learn the differences and advantages of each in this guide. Read more
Keeping accurate accounts as a small business takes two major forms; accrual accounting and cash basis accounting. Both account types have benefits for either long-term or short-term purposes. Learn the difference between the two here. Read more
Looking to start your own business? Here's our list of 10 business ideas for beginners that are simple and easy to execute. We'll give you a mixture of ideas - some requiring almost no capital! Read more
A nonprofit organization or entity is a type of organization that doesn't earn profits for the owners. It's tax-exempted due to its societal role. Often, a nonprofit organization can be for religious, scientific, and educational purposes amongst others. Read more