Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Put simply, overhead costs are any and all costs not directly associated with generating profit for a firm. That is not to say overhead costs are not important or necessary. It is just that, on their ...

If you own a small business, recording office supplies as business expenses is something you should keep track of. Careful office accounting procedures and record-keeping are important so you can ...

The following general ledger/commitment items are used to record expenses as category 2 and 3 of the Statement of Financial Activity (SoFA) report. The categories are outlined alphabetically. Each ...

If you own a small business that offers group health insurance to employees, you likely pay a portion of the employee's premium while the employee pays the remainder. Each pay period, after making ...