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Small Business Accounting and Payroll Basics
Accounting is not the most exciting part of starting a business. But it’s vital to your success.
It ensures you track every expense early on and keeps you on top of tax obligations.
But you’re likely not an accountant. How are you supposed to set up a bookkeeping system that’s accurate and easy to use?
With this guide, you’ll learn the basics of setting up and managing accounting and payroll activities for your business.
*Disclaimer: The content of this page and all associated resources are general information and advice. It should not be seen as a substitute for working with a certified accounting professional.
What is small business accounting?
Accounting is an organized process of recording, analyzing, and reporting the financial transactions of a small business. It helps business owners understand their financial position, make informed decisions, and fulfill tax obligations.
Accounting basics for small business
Become familiar with small business accounting processes, tools, and services.
Small business accounting 101
Learn the typical steps to set up, measure, and track your business finances.
Bookkeeping habits to adopt early
By adopting these seven habits, learn how to manage your books accurately and efficiently.
Do you need accounting software?
Is it time for you to invest in accounting software? If you’re spending countless hours on manual entry and still making costly errors—the answer is probably yes.
How to select the right accounting software
Investing in and implementing the wrong accounting software can be costly. Save your time and money by knowing how to find the best accounting solution for your business.
What is payroll?
Payroll covers the total wages and salaries a business pays its employees, including taxes and benefits, for a specific period. It also refers to the process of calculating and distributing these 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 to stay legally compliant, withhold the right amount of taxes, and efficiently onboard new employees.
Common payroll mistakes to avoid
Keep your employees happy and paid while avoiding financial penalties by never making these ten payroll mistakes.
Get the rest of your business finances in order
Check out the rest of our startup financial resources to better understand your path to profitability.