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A Guide to the Chart of Accounts & How It Could Be Costing You Money

A Guide to the Chart of Accounts & How It Could Be Costing You Money

by Blessing Obasuyi | Aug 10, 2026 | Accounting, Small Business

You’re in your third year of business and fully immersed in serving your clients and growing your company. The numbers? They’ve taken a back seat. While you’ve hired an accountant to manage your books, you’re not entirely sure what happens...
Underestimating Expenses & Overestimating Profit: A $10,000 Bookkeeping Mistake

Underestimating Expenses & Overestimating Profit: A $10,000 Bookkeeping Mistake

by Blessing Obasuyi | Jul 29, 2026 | Accounting, Small Business

As a business owner, you rely on your financial statements to make important decisions. Whether you’re applying for a loan, setting prices, hiring employees, or planning for taxes, the numbers in your books should tell the true story of your business....
Business Vehicles & Taxes: Your Frequently Asked Questions

Business Vehicles & Taxes: Your Frequently Asked Questions

by Anandi Seetharaman | Jul 22, 2025 | Accounting, Small Business

It’s one of our most frequent questions among our clients: is a business vehicle tax deductible and how does tracking expenses work? Using a vehicle for business purposes can unlock various tax benefits for business owners and self-employed individuals if they...
Cash vs. Accrual Accounting: What Every Business Owner Should Know

Cash vs. Accrual Accounting: What Every Business Owner Should Know

by Blessing Obasuyi | Jul 22, 2025 | Accounting, Small Business

If you’re a small business owner trying to understand your finances, you’ve probably heard the terms cash basis and accrual basis thrown around. But what do they really mean? This blog breaks down the cash vs. accrual common arguments in everyday language so you can...
Expert Financial Recordkeeping Tips: Building a Strong Foundation for Your Small Business

Expert Financial Recordkeeping Tips: Building a Strong Foundation for Your Small Business

by Laxmi Patel | May 21, 2025 | Accounting, Small Business

For small business owners, financial recordkeeping isn’t just a box to check—it’s the foundation of smart decision-making, tax compliance, and long-term success. Whether you’re running a service-based company, managing an online store, or consulting on the side,...
Understanding the Four Essential Financial Reports for Small Businesses

Understanding the Four Essential Financial Reports for Small Businesses

by Stephanie Nolan | May 13, 2025 | Accounting, Small Business

Pulling monthly financial reports is essential for a small business to succeed. Without them, it’s like a ship sailing with no map. The U.S. Small Business Administration recommends managing your financials with these reports as a regular practice. But it’s easy to...
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