Accounting Month Conclusion and More Resources to Learn Small Business Accounting, Bookkeeping and Tax Savings
Since 9/15, this blog (which primarily focuses on marketing but has a lot of other info related to business) has had near-daily posts on small business accounting, bookkeeping and tax savings for Accounting Month. These posts are intended to help business owners, business managers, small businesses and start-ups improve their accounting procedures and maximize their tax reductions. Non-marketing business advice is sometimes included on this blog because we care about seeing your business succeed and we want to provide information that you and other business owners can use.
Here is a review of what we’ve learned:
- 40 Basic Accounting Principles that you need to know to understand Small Business Accounting.
- Cost of Good Sold – Additional Principles that Businesses with Inventory must know.
- 65 Accounting Terms and Definitions.
- Should I Hire a Bookkeeper? 3 Super Tips to Help Your Bookkeeping Decision.
- 3 Business Financials: The Balance Sheet, The Income Statement and The Cash Flow Statement.
- Business Financials and the Business Plan.
- CPA vs Enrolled Agent: What is the Difference?
- How to Find a Good Accountant for Small Business.
- Quickbooks vs Freshbooks vs Wave Accounting Software.
- How to do Bookkeeping for Your Business.
- 29 Tax Deductions for Businesses.
- How to Deduct Vehicle Expense for Small Business Owners
- How to Avoid an IRS Tax Audit.
- Sources of Financial Information on Small Businesses.
Of course, there are many other items that could’ve been discussed. I wanted to include advantages of depreciation expense and multiple reviews on the book Tax-Free Wealth, but it didn’t come in the mail on time for me to include it with this series of posts (so it will be included later). As a business owner, it is vital to perform proper accounting for your business and to educate yourself on tax deductions for business owners. This will help you to manage your business with efficiency and maximize your tax savings. So, here are some More Resources to Learn Small Business Accounting, Bookkeeping and Tax Savings:
- Financial Accounting: A Mercifully Brief Introduction by Michael Sack Elmaleh (introductory book for Accounting Principles and Bookkeeping)
- AccountingCoach.com – A free and paid upgraded accounting and bookkeeping class online.
- DWMbeancounter.com – A free resource online to learn accounting principles
- FreeBookkeepingHelp.com – A free resource online to learn bookkeeping
- Accounting Software on Capterra – Capterra is an online resource for comparing various software, including accounting software.
- GetApp.com’s Comparison of Quickbooks, Freshbooks and Wave Accounting.
- Review of Small Business Accounting Systems by CPA Practice Adviser.
- Financial Intelligence: A Manager’s Guide to Knowing What the Numbers Really Mean by Karen Berman and Joe Knight (intermediate to advanced book for Small Business Accounting and Small Business Management)
- Tax-Free Wealth by Tom Wheelwright (beginner to intermediate book for learning the principles of tax deductions and tax savings)
- Tax Savvy for Small Business by Tax Attorney Frederick W. Daily and Jeffery A. Quinn, CPA (in-depth and understandable book on tax deductions for small business)
- Bradford Tax Institute – mostly a paid newsletter for in-depth tax deductions and tax savings for business owners.
None of the articles in the first bullet list above were written by an accountant, but they were mostly based on the resources listed in the second bullet list of more resources. Consult a CPA or other accounting professional before performing accounting for your business.