The way small business owners pay themselves is heavily influenced by the legal structure of their business. Whether you are a sole proprietor, part of […]
Taxes
Invoicing for Consultants: A Step-by-Step Guide
Tracking billable hours and invoicing clients for your time is a fundamental aspect of running a successful consulting business. Accurate and professional invoicing ensures you […]
How to Auto-Increment Invoice Numbers in Excel
Managing invoices is a crucial task for any business. One of the key elements in invoicing is assigning unique invoice numbers. These numbers help track […]
What’s the Difference Between an Invoice and a Receipt?
An invoice is a formal document issued by a seller to a buyer to request payment for goods or services provided. It plays a crucial […]
Step-by-Step Guide to Creating an Invoice in Excel (With Template)
Creating an invoice in Microsoft Excel is one of the most practical and cost-effective solutions for small business owners looking to manage billing independently. Without […]
A Step-by-Step Guide to Sending Invoices
Invoices are vital financial documents that serve as formal requests for payment. They indicate what services or products were provided, when they were delivered, and […]
Understanding the Accounting Period: Definition and Importance
An accounting period refers to the period for which a business prepares and presents its financial statements. It is the fundamental building block of financial […]
Understanding Operating Activities in Business: A Complete Guide
Operating activities are the fundamental actions a business undertakes to generate revenue and sustain its daily functions. These activities form the backbone of a company’s […]
Step-by-Step Guide to Calculating Business Goodwill
Goodwill is an intangible asset that often arises when one business acquires another for a price higher than the net fair value of its identifiable […]
Startup Accounting in 2025: A Complete Guide
Accounting is the backbone of every successful business, especially startups. When launching a new venture, one of the most critical areas to focus on is […]