5 essential accounting tips for small business owners

Author: Fernando Suarez | Aug 14, 2020

Having some basic knowledge of accounting and bookkeeping is essential to running a successful business, even if you’re a freelancer working from your laptop at home or the nearest coffee shop.

Regardless of how big your office may be, or whether you employ anyone, for tax purposes, you’re still considered a business owner. As such, you’ll need to keep careful records of both your income and your expenses.

In addition to saving money when tax season rolls around, keeping clear and concise records of all your business transactions will give you a clear overview of which business activities are paying off and where you might be able to cut costs in order to improve your earnings.