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How a Chart of Accounts Differs for B2B vs B2C Businesses
How a Chart of Accounts Differs for B2B vs B2C Businesses When setting up your business for effective bookkeeping, a well-structured chart of accounts is essential. The right…
4 min read
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How to Track Principal and Interest Payments on Notes Payable in Google Sheets
Here you’ll learn how to track principal and interest payments on Notes Payable in Google Sheets. I am using Google Sheets for a specific reason. If you want…
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How to Track Principal and Interest Payments on Loans in QuickBooks Online
Tracking Principal and Interest Payments on Liabilities in QuickBooks Online Tracking principal and interest payments on a loan in QuickBooks Online may seem complicated at first, but with…
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How Long Should You Keep Payroll Tax Records for Your Business?
Payroll is complicated. Because of that, many businesses choose to stay small for as long as possible before hiring employees. When you finally do hire, it’s a good…
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How Far Back Can the IRS Audit You?
How far back can the IRS audit you? Wouldn’t it be comforting to know that certain tax years are officially off the table—that the IRS simply can’t go…
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Sales Tax Nexus: What Online Businesses Need to Know After Wayfair
Sales tax nexus determines when a state can require your business to collect and remit sales tax—even if your business is located somewhere else entirely. Let’s say you’re…
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