To ensure success for your business, establishing proper accounting practices is a must. Whether a small business of 5 employees or a growing company of over 1000 employees, the basic accounting principles for every business are the same. Avoiding mistakes in your accounting and bookkeeping system improves financial heath and
Business owners face many challenges when running a business. Two of the more critical tasks of business operations are accurately processing payroll and proper accounting practices. Let’s take a look on how accounting for payroll works. How do I record my payroll in my accounting system (Quickbooks, Xero, Peachtree, etc)?