Elevate Your Expertise

By Numbers

Accounting, bookkeeping, and tax tips to help you understand your business finances.

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    How Long Does An Employer Have To Correct A Payroll When It Is Wrong: Texas

    Texas law aligns with the best practices in other states that give employers until the following pay period to correct…

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    Cost of Sales Vs. Cost of Goods Sold: An SME Guide

    Cost of Sales and Cost of Goods Sold are two accounting terms that are often used interchangeably.

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    Self-Employed vs. Freelance Tax: Is There A Difference?

    Self-employed vs. Freelance tax: Unsure how to submit your taxes correctly? Need advice? We help you master this topic…

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    Is Cost of Goods Sold A Debit Or Credit? Help for SBOs.

    Is there some confusion going on around this matter? Well, unless you’re an accountant you’re well within your rights…

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    6 Accounts Receivables Best Practices for Small Businesses

    Getting paid on time is imperative for a healthy cash flow. And for a small business, overdue payments are not only a…

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    Transform Your SME: Outsource Accounts Payable Services

    Welcome all SME business owners. Today we’re going to discuss an important topic if you’re in the retail, construction,…

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    Preliminary Net Income

    Preliminary net income is an important financial metric that represents a business's finances after accounting for all…

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    Accrual to Cash Adjustment: Explanation for Small Business

    The Tax Cuts and Jobs Act (TCJA) of 2017 made significant changes to tax laws, including provisions that allowed more…

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    The Power of the Multi-Step Income Statement for SBOs

    The multi-step income statement is a diagnostic tool. It not only provides a snapshot of financial health but also…

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