Kody Wirth is a content writer and SEO specialist for Palo Alto Software—the creator's of Bplans and LivePlan. He has 3+ years experience covering small business topics and runs a part-time content writing service in his spare time.
2 min. read
Updated January 5, 2024
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.
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.
Become familiar with small business accounting processes, tools, and services.
Learn the typical steps to set up, measure, and track your business finances.
By adopting these seven habits, learn how to manage your books accurately and efficiently.
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.
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.
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.
Here is everything you need to know about setting up a payroll system.
Learn how to set up a payroll system to stay legally compliant, withhold the right amount of taxes, and efficiently onboard new employees.
Keep your employees happy and paid while avoiding financial penalties by never making these ten payroll mistakes.
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