Resource Center for Profit Growth

Cash basis vs. accrual basis accounting can be confusing for any entrepreneur.  Make sure you understand the differences here. 

The general ledger is the central document where all of your transactions are recorded. It's a vital document, and when treated correctly, will help you prepare accurate financial statements. 

Read this article to learn more about a trial balance and why accountants use them to help prepare the financial statements each month. 

Accounting for fixed assets effects everything from the amount of taxes you pay to the book value of your business.  Read this article to learn more. 

Learn how to reconcile important accounts in your accounting software.  Once you learn this skill, your cash positions, credit card balances, and more will be accurate!

If you own a business that carries inventory, you know that the bookkeeping can get a little tricky.  Read this article to get started on the right foot. 

The cash method of accounting books transactions when payments are made and received.  Learn how it works by reading this article. 

As an employer, you need to understand payroll liabilities and your obligations to Federal and State tax authorities.  Read this article to learn more. 

Payroll is a task that you don't want to do yourself.  There are to many ways to get in trouble with the IRS.  Learn about your options here. 

Learn about the ABC (Activity Based Costing) method of accounting and why many businesses use it to track the cost of their products.