1-800Accountant Blog

manage-small-business-finances

19 Tips for Managing Your Small Business Finances

At any point in the management of your small business, your small business’s finances will be central to its success. As your business grows and develops, it can become more challenging to pinpoint where to focus your time to ensure your finances are running smoothly. Managing your small business’s finances may be stressful, but there […]

generally-accepted-accounting-principles

GAAP: What are Generally Accepted Accounting Principles?

Accounting is a massive and diverse field, and accounting services can include everything from bookkeeping and tax preparation to auditing and business plan development. There is no single path or training required to become an accountant, either.   However, there are some grounding rules and principles that all accountants rely on in all that chaos. And […]

financial-statements

Types of Financial Statements for Small Businesses

Financial statements serve several purposes for small businesses. While there is more than one financial statement, you may not know which is most appropriate to use for your specific financial calculation. There are also a few limitations to be aware of as well. Here’s an overview of financial statements and the types of financial statements […]

cash-flow-statement

Cash Flow Statement: What It Is and How to Make One

You might be able to start a business with nothing but a good idea and the determination to see it through. Keeping a business running, however, requires a little more in the way of planning and coordination.  Maintaining the health of a business and creating sustainable growth requires careful financial management. You have to spend […]

accountant-help-small-business-growth

How an Accountant Can Help Small Businesses Succeed

Being a small business owner is an immense and multifaceted job. Running a business involves so many different important and interconnected variables, and you’re responsible for all of them. Accountants can lighten your load by taking responsibility for a few of those variables.  But what can an accountant do to support you and your business? […]

accounting-services

What Are Accounting Services?

Running a business involves a lot of accounting. It’s an essential part of business operations. You do it every day, even if you’re not aware of it. Every time you record a transaction, prepare tax paperwork, or plan an expense, accounting is involved. You have to do some degree of accounting to run a business, […]

year-end-accounting-tips

8 End of Year Accounting Tips 2020

While most people don’t think of tax season as an exciting time to look forward to, it doesn’t have to be something you dread either. As with most things, you’ll be okay if you prepare ahead of time and know what you’re getting into.  And while tax season itself and the deadlines it carries with […]

need-file-irs-tax-extension-year

Do I Need to File an Extension for My 2020 Taxes?

At times, it can be tough to keep up with the clock’s fast-moving hands and the constantly turning pages of a calendar. Things may be moving so fast in your life and business that you are caught totally unprepared when tax season comes around.  The truth is that tax preparation is a year-long endeavor. Careful […]

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? […]