Many small businesses use simple accounting software to track their finances. Some even use plain spreadsheets. Whatever your businesses uses, its success depends upon your management team having ...

Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...

In the quest for financial clarity, creating a household budget often feels like a daunting task. Fortunately, Microsoft Excel offers a wealth of pre-built templates that simplify this process, ...

Companies that use accrual accounting often end up with deferred expenses on their balance sheets. That's because under accrual accounting, accountants recognize expenses when they occur, not when the ...

Even the smallest improvement in your business processes can return a hefty bonus to the bottom line There are plenty of places to look for such returns. My pick for the week: expense reports.

Not all expenses receive equal treatment under tax law. Deductible LLC expenses, also known as write-offs, are business-related costs that the IRS allows you to subtract from revenue, lowering your ...