Trial Balance | Bookkeeping Basics
How do you turn transactions you make in your books into financial statements? Once you summarize your journal entries at the end of the...
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The General Ledger | Bookkeeping Basics
What is a General Ledger? Simply put, the general ledger is a master document that summarizes all your business transactions.
An Introduction to Journal Entries | Bookkeeping Basics
Journal entries provide initial details about financial transactions in your business.
Chart of Accounts | Bookkeeping Basics
The chart of accounts is a list of all the financial accounts used in your business. Accounts can vary based on industry, and size.
Debits and Credits | Bookkeeping Basics
What are Debits and Credits? Simply put, debits (dr) record money (or assets) going into your business and credits (cr) record money out.
The Accounting Equation | Bookkeeping Basics
The accounting equation is considered the foundation of double-entry bookkeeping. It is Assets = Liabilities + Owners’ Equity.
Single-Entry vs. Double-Entry Bookkeeping
When starting a business, one of the first decisions you'll need to make is how you’re going to record your transactions.
Important Deadline Extensions | COVID-19 Economic Relief
As of March 25, 2020, here are the current extension deadlines for certain taxes
Washington State Payroll Taxes
As an employer, part of your job is to withhold, deposit and report payroll taxes.