How to Set up Your Chart of Accounts

A Chart of Accounts is simply a list of accounts used by your business all in one spot. A great chart of accounts also includes a guiding numbering system that tells you what types of transactions go into each account. A Chart of Accounts, while not complex in nature,...

Prepare For the IRS Auditor In 9 Steps

Getting audited for your tax returns is an experience that many would be happy not to go through. A lot of business owners prefer not to undergo close scrutiny from any Internal Revenue Service agent. Such process can be taxing and strenuous, but this situation can be...

How-to: Create an Overview Accounting Report for the CEO

Businesses frequently require transparency in a number of different fashions. One of the most common ways for a business to provide information about the financial dealings of the company is through overview accounting reports. In some instances, providing a thorough...

3 Reasons You Need a Financial Controller

Accounting is one of the most vital aspects of your business, and, as such, you need appropriate accounting leadership. A financial controller provides a number of services that you can’t get from non-accountant employees. Of course, proper accounting is important,...

Nine Reasons Why Entrepreneurs Should Hire An Accountant

While well-established business owners tend to buy the services of professionals more easily when it comes to handling their accounting, legal matters or banking, young entrepreneurs stay away from them. However, when looking at the number of failed startups in the...