While their transactions may not be as large, small businesses use the same system of accounts that large companies use. By understanding the five types of accounts and some common accounts of each ...

Accounting for partnerships vs corporations involves the same basic steps. Both must track revenue and expenses, file payroll reports if they have employees, account for inventory, pay property taxes ...

Cassidy Horton is a finance writer covering banking, life insurance and business loans. She has worked with top finance brands including NerdWallet, MarketWatch and Consumer Affairs. Cassidy first ...

Even if accounting isn’t your forte, it’s important to understand accounting basics to run your business. Learn 11 tips for small business accounting.

If your small business is fairly new, or it has encountered financial problems in the past resulting in a damaged credit ...

Keeping track of the money your business owes its suppliers and vendors is crucial to its financial health and long-term viability. That’s why all businesses need an accounts payable reporting process ...

Individual partners of partnerships and individual shareholders of S corps are now eligible for a business tax account, according to the Internal Revenue Service, joining sole proprietors. Processing ...

Find the best small business checking accounts with low fees, easy access, and top features to help manage your finances and grow your business efficiently. Opening a business checking account is ...

What Are The Different Types of Business Bank Accounts? Your email has been sent When it comes to business bank accounts, there are a number of options available to you depending on your specific ...

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The AICPA issued a technical question and answer (TQA) Thursday to help financial statement preparers account for the amount a partnership pays the IRS for previous underpayments of tax, interest, and ...