Small Business Bookkeeping Articles
Every post filed under Small Business Bookkeeping, newest first.
How to Categorize a Business Expense (Even If You're Not an Accountant)
A short, stable way to sort expenses into the category your tax form expects — plus the gray areas (meals, home office, contractors) people actually get stuck on.
October 1, 2026 · 6 min read
Cost of Goods Sold (COGS): What It Is and How to Calculate It
COGS is what it cost you to make or buy the products you sold. Here’s the formula, a worked example, and what US and Canadian tax forms expect.
September 30, 2026 · 6 min read
How to Record a Business Loan Payment (Principal vs. Interest)
Your loan payment isn't one expense — it's principal and interest. Here's how to split it, record both, and keep your books matching your bank.
September 30, 2026 · 6 min read
Why Your Bank Reconciliation Doesn't Match (And How to Find the Error)
Your books say one balance, your bank statement says another. Here's the exact order to check — outstanding checks, deposits in transit, fees — to find the error fast.
September 15, 2026 · 7 min read
Budget vs. Forecast: What's the Difference, and Does Your Small Business Need Both?
A budget is your plan. A forecast is your best guess at reality. Here's the plain-English difference, and how to build a simple version of each.
September 15, 2026 · 6 min read
Month-End Close, Explained: A Step-by-Step Process for Small Business
What “closing the books” actually means each month — the 8-step process, and why most months don't need a full, audit-ready close.
September 13, 2026 · 7 min read
How to Write an Invoice: What to Include, What to Charge, and When to Send It
What actually has to be on an invoice — for U.S. and Canadian small businesses alike — what “Net 30” means, and when to send it to get paid faster.
September 12, 2026 · 7 min read
Accounts Receivable vs. Accounts Payable, Explained
Same two words show up on every balance sheet. Here's what each one means, why the gap between them is the most common reason profitable businesses run out of cash, and how to keep both in check.
September 11, 2026 · 6 min readCategories
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