1-800Accountant Blog

bookkeeper-vs-diy

Pros and Cons of Bookkeepers vs the DIY Method

Bookkeeping is one of the most important aspects of any small business. It is also important that you know the process, whether you work with a bookkeeper or do it yourself.  There are pros and cons to each, and there are also things that you should know too. Here is what you should know about […]

what-is-accounts-receivable

Bookkeeping 101: What is Accounts Receivable?

Accounts receivable are an essential aspect of your business’s finances. Accounts receivable are legally enforceable claims for payment held by a company for goods supplied or services rendered that customers/clients have ordered, but haven’t yet been paid for. What is Accounts Receivable? Accounts receivable is goods, money, or services owed to a business. Accounts receivable […]

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10 Ways to Deduct Business Expenses as a Freelancer

Work as a freelancer brings both extra opportunities and extra challenges. It’s appealing for many because you can be independent. You’re a small business owner with the freedom to decide what to do on your own. You don’t have to worry about any other shareholders or employees.  For most freelancers being your own boss and […]

are-you-wasting-time-on-small-business-bookkeeping

Are You Wasting Time on Small Business Bookkeeping?

Even the smallest of small businesses have bookkeeping and accounting needs. Small business owners need basic bookkeeping to keep track of income and expenses. It’s essential for filing taxes, but bookkeeping also gives you essential information for business decisions. How are you planning to expand? How many new staff members can you afford?  Bookkeeping gives […]

bookkeeping-101-crash-course-record-keeping-small-businesses

Bookkeeping 101: A Crash Course in Record Keeping for Small Businesses

Bookkeeping often confuses many business owners. It is not typically associated with the idea of business operation. However, bookkeeping, recordkeeping, and their intricacies can yield significant benefits for small business owners. Here is what you should know about bookkeeping and recordkeeping, and why you may consider implementing both into your small business. What Is Bookkeeping? […]

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Business Entity: What Is An S-Corp?

An important choice that all business owners make is how to classify their business. There are a number of different business entities to choose from, such as Limited Liability Companies (LLCs), Sole Proprietorships, and S-Corporations.  S-Corporations are a flexible option for an individual or shareholders to create a corporation. Its structure allows shareholders to avoid […]

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Disaster Relief Options for Sole Proprietors With No Employees

The economic impacts of the COVID-19 pandemic continue to affect small businesses across the country. While the CARES Act helped revitalize local economies in nearly every state, there is an overwhelming demand for even more grants and loans for small business owners.  Loans such as the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection […]

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5 Quick and Dirty Tricks to Creating a Great Invoice

As a small business owner, you know there are few things more exciting than making the sale and filling orders. You put so much thought and effort over time building your company and developing your product or service, but in order for it to be a success and realize the dream, you need someone else […]