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analyze your taxes

Tax reform is little more than a memory and yet the effects will last for years to come.  Now, taxpayers must understand the changes and plan their financial lives, whether personal or professional, accordingly.  Businesses will follow suit as well. Many benefited from changes seen under the law and received lower tax bills, assuming tax […]

Accounting outsourcing success

Discovery of a qualified accountant for your business has always taken an exhaustive effort. The job itself is a difficult one — keeping dreamers in line with their budgets. In today’s market, it is a demanding pursuit to find top accounting talent. And it’s about to get worse — much worse. Consider that outsourcing makes sense […]

accounting basics

You’re an entrepreneur who is excited about growing your small business. Maybe you’ve identified the perfect niche market designing websites for local restaurants or installing high-end home security systems. You’re passionate about your company’s services, growing your business, and polishing your brand. Your focus on those elements of your business is really important to your […]

Automation Will Come to Rule

The future of global trade depends on automation tools, and any company eyeing international expansion must invest in this technology. Artificial intelligence, in particular, is transforming international commerce, as companies use intelligent systems to identify ways to increase productivity and distinguish themselves in the market. Increased productivity will drive economic growth in the nations that harness […]

Credit cards keep you and your customers safe and happy

Good news—you received a payment from a customer or client. The bad news is, they’re now asking for a refund. Refunding requests can be disheartening, but they can happen from time to time. Don’t go into a panic or ignore the request when you get one. Here’s how to handle refund requests tactfully: Take a […]

accounting basics

Your accounting and financial tracking are vital to the overall health of your business. Yet, it’s intimidating to calculate the sheer number of variables that play a role in determining your finances. Everything from the bankers you work with to the employees you hire affects profitability. And, the tiniest accounting error can significantly impact your […]

invoice today by einvoicing

Late invoices are the bane of all of our existences. Income from a freelance and consulting business can naturally ebb and flow. Late invoices during an already slow period can cause serious panic. I generally give people the benefit of the doubt. Invoices aren’t always running late because they don’t want to pay you. Sometimes […]

accounting basics

When it comes to small business accounting, most people know that it is important to keep your records updated for taxes. However, there are many more benefits from small business accounting that you can use to grow, improve, and expand your business. Here are some of the most important accounting reports for your small business […]

paying by checking

If you run a business where you are the sole employee, you still have to treat your business finances like a business. That means keeping good financial records and tracking payments you make to yourself from the business. Whether you use a payroll service or enter an online transfer from your business bank account to […]

Accounting

Accounting is a diverse area that involves a wide range of topics beyond just the basics of inputting numbers and creating balance sheets or ledgers. Accounting includes taxes, payroll, accounts receivable, accounts payable, loans and loan payments, bank statement reconciliation, invoicing and forecasting just to name a few of the tasks. Essentially, every aspect of a business that involves money has some connection to the accountant function, turning it into a significant role within a company. If the books are not balanced, there's a good chance that a business has began to put itself at risk for penalties, audits, or even financial ruin.

If you work as an accountant or bookkeeper or you are a freelancer or small business owner who handles the financials, it's always good to stay updated on the latest issues, trends, and solutions for this aspect of a business. Having the most current advice on accounting areas that involve efficiency, automation, and compliance ensure that a company is maximizing its productivity while staying on top of any financial issues that might inhibit profitability.

Since many small business owners are not in the position to hire a full-time accountant, this role is often filled by another freelancer or outsourced individual. In this working relationship, the outsourced person only takes on the most technical aspects of the accounting function while the rest of the activities are handled by the business owner. Even though it is good to always get training or education, especially when it involves the fiscal health of your company, not many founders or business owners take the time to supplement their working knowledge.

Whether you do it all the financials yourself or if you have a trusted colleague on whom you can rely for accounting assistance, it's still important to stay attuned to the latest accounting changes and trends. Our library of accounting articles continually add new posts related to current accounting issues and offers numerous tips on improving how you manage all financial aspects of your freelance business, startup, or small business. The diverse topics include advice and tips in the following areas:

  • Tax topics: When to issue a 1099-MISC, How to prepare for a tax audit, Business tax deductions and Tax season preparations.
  • Home-Based business topics, including: How to separate personal and business expenses and strategies.
  • Long-term financial planning topics: Retirement accounts for small business owners, How to fund a retirement account, How to save more freelance income and How much money to invest in a business.
  • Business decisions related to finances: When to outsource, How to avoid accounting mistakes, and How to know it makes sense to hire an accountant.
  • Business efficiency tips: The best sites and tools for accountants and accounting functions, How to be a better accountant, and How to outsource on a budget.
  • Financial issues related to a business: What to do when clients owe money, How to create and manage a budget, Why it is a good idea to accept credit cards and invoicing tools that improve cash flow.

These accounting and financial topics are just some of the examples of the ever-expanding accounting article library on our Due.com blog. Check out the articles below.

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