Many small businesses use simple accounting software to track their finances. Some even use plain spreadsheets. Whatever your businesses uses, its success depends upon your management team having ...

Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...

Companies that use accrual accounting often end up with deferred expenses on their balance sheets. That's because under accrual accounting, accountants recognize expenses when they occur, not when the ...