Contents
Small Business Accounting and Payroll Basics
Starting a business requires effective accounting to ensure success.
Accounting helps track expenses and fulfill tax obligations.
But setting up a bookkeeping system can be challenging if you’re not an accountant.
This guide will teach you the basics of managing accounting and payroll activities for your business.
*Disclaimer: This content and associated resources provide general information and advice. It does not replace working with a certified accounting professional.
What is small business accounting?
Small business accounting is the process of recording, analyzing, and reporting financial transactions. It helps business owners understand their financial position and make informed decisions.
Accounting basics for small business
Learn about small business accounting processes, tools, and services.
Small business accounting 101
Learn the steps to set up, measure, and track your business finances.
Bookkeeping habits to adopt early
Learn how to manage your books accurately and efficiently with these seven habits.
Do you need accounting software?
If you’re spending countless hours on manual entry and making costly errors, it may be time to invest in accounting software.
How to select the right accounting software
Save time and money by finding the best accounting solution for your business.
How to find the right accountant for your business
Follow four steps to find a trustworthy accountant to manage your books.
What is payroll?
Payroll includes wages, salaries, taxes, and benefits paid to employees. It also involves calculating and distributing payments.
Payroll basics for small business
Here is everything you need to know about setting up a payroll system.
How to set up payroll as a new employer
Learn how to set up a payroll system and efficiently onboard new employees while staying compliant.
Common payroll mistakes to avoid
Avoid these ten payroll mistakes to keep your employees paid and avoid penalties.
Do you need payroll software?
Consider investing in payroll software for accurate payments and simplified tax calculations.
Get the rest of your business finances in order
Explore our startup financial resources to better understand your path to profitability.
- Understand your startup costs
- Create your financial plan
- Prepare for funding
Hello!
I’m Andrew Brooks, a seasoned finance consultant from the USA and the mind behind phonenumber247.com.
My career is built on a foundation of helping individuals and businesses thrive financially in an ever-changing economic landscape. At phonenumber247.com, my aim is to demystify the complex world of finance, providing clear, actionable advice that can help you navigate your financial journey with confidence. Whether it’s personal finance management, investment strategies, or understanding the nuances of market dynamics, I’m here to share insights and tools that can propel you towards your financial goals.
Welcome to my digital space, where every piece of advice is a step closer to financial clarity and success!