Chart of Accounts - What is it? What does it do? Why do I need it? How do I make it? The Chart of Accounts - What Is It? The Chart of...

As an accounting professional for over 25 years, I have had the pleasure of working with several business owners. As a business owner...

If you are an Independent Representative for a direct selling company, you are a business owner. Many people forget this because in some...

The most common financial statements used are the Profit & Loss and the Balance Sheet.⁠ The Profit and Loss Statement shows if your...

Many business owners/entrepreneurs ask me why the financial statements for their business are so important. Honestly, that is a wonderful...

If you own a business as a Sole Proprietor, you will probably have Owner's Equity. Often, to start a new business, the business owner...

Many people get liabilities and expenses mixed up or think they are interchangeable in accounting. Technically speaking, that is incorrect..

A common question I get often is, "What is a Chart of Accounts and how do I set it up?" The short answer to this question is, your Chart...