Bookkeeping guides
Plain answers to small business bookkeeping questions (page 2)
Short guides from the MCC Solutions desk for New Jersey business owners. General information, not tax or legal advice.
More guides (page 2)
- What Is a Trial Balance and How to Use One
- Closing Entries and Retained Earnings Explained
- Cost of Goods Sold Explained for Small Business
- Gross Margin vs Markup: Stop Mixing Them Up
- Break-Even Analysis: How Much Must You Sell?
- Receipts and Documentation: Habits That Save Tax Time
- Reimbursing Owners and Employees for Business Costs
- Vendor Statement Reconciliation for Accounts Payable
- Job Costing for Service Businesses and Contractors
- Tracking Income Streams With Classes and Locations
- Voiding vs Deleting Transactions in Accounting Software
- How to Prepare Your Records for a Tax Preparer
- Questions a Tax Preparer Will Ask About Your Books
- Sole Proprietor Bookkeeping Basics and Tax Records
- How Your LLC's Tax Treatment Changes Your Books
- S Corporation Bookkeeping: What Changes From an LLC
- Owner Draws, Distributions and Salary Explained
- Choosing a Business Structure: Bookkeeping Questions
- Estimated Taxes for the Self-Employed: The Concepts
- The Tax Savings Account Method for Business Owners
- Common Deductible Expense Categories and Proof to Keep
- Receipts and Documentation: What Counts as Support
- Home Office Records: What to Keep and How to Track It
- How to Keep a Business Mileage Log That Holds Up
- Vehicle Expense Records for the Actual Cost Method
- Business Meals: Records and Documentation That Help
- Business Travel Records for Overnight Trips
- Contractor vs Employee: The Bookkeeping View
- W-9 Forms: Collecting and Storing Contractor Information
- Preparing Form 1099-NEC From Your Books
- Paying Contractors by Card or App: 1099 Reporting
- Payroll Basics Before You Hire Your First Employee
- Common Payroll Mistakes Small Employers Make
- How to Reconcile Payroll Liability Accounts
- Year-End Payroll Checklist for W-2s and Reconciliation
- Sales Tax Concepts: Nexus, Taxability and Collection
- Sales Tax Exemption Certificates: Collecting and Keeping
- The Sales Tax Payable Account: Keeping It Accurate
- What to Do When a Tax Notice Arrives in the Mail
- Building a Response File From Your Books for a Notice
- Keeping Audit-Ready Business Records Year-Round
- Scanning and Storing Business Records Digitally
- Amended Tax Returns: The Concept and the Books Behind Them
- Correcting Prior-Year Errors in Your Books Safely
- Year-End Bookkeeping Checklist for Small Business
- Year-End Inventory Count and Valuation Records
- Year-End Accounts Receivable Review and Bad Debts
- Prepaid Expenses and Accrued Liabilities at Year End
- Startup Costs: Records to Keep Before You Open
- Equipment Purchases: Records for Expense vs Capitalize
- Fixed Asset Register: How to Build and Maintain One
- Cash Business Records That Satisfy a Tax Preparer
- Daily Sales Log and Cash Reconciliation: A Simple Method
- Cryptocurrency Records for Business Owners
- Online Marketplace Seller Records: Income and Expenses
- Reconciling Form 1099-K to Your Sales Records
- Grant Funds: Bookkeeping and Documentation Basics
- PPP-Style Loans and Forgiveness: Records to Keep
- Business Loan Records: Interest, Principal and Covenants
- Closing a Business: Bookkeeping Steps to the Last Return
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Bookkeeping by type of business
- Bookkeeping for notaries and loan signing agents
- Get your books ready for a mortgage
- Bookkeeping for short-term rental hosts
- Bookkeeping for small landlords
- Bookkeeping for online sellers
- Bookkeeping for process servers and field contractors
- Years behind on your books? Start here
- Books that won't reconcile
- Your bookkeeper left a mess
- A tax notice arrived and your records are a mess
- Payroll records that have gone sideways
- Sales tax records that don't add up
- Get your books ready for a bank or SBA loan
- Books for selling (or buying) a business
- Partners disagree about the numbers
- Switching accounting software without losing your history
- Cash flow crisis? Find out where the money goes
- In-depth bookkeeping for restaurants, contractors and the trades
- Bookkeeping for Jersey Shore seasonal businesses
- Bookkeeping for New Jersey farms and farm stands
- Bookkeeping for medical, dental and therapy practices
- Bookkeeping for landscaping and snow removal companies
- Bookkeeping for trucking and delivery owner-operators
- Bookkeeping for salons, barbershops and booth renters
- Bookkeeping for small nonprofits and community groups
- Bookkeeping for New Jersey consultants with New York clients
Not sure where your books stand? Take the free bookkeeping health check. Looking for help with a specific program? See bookkeeping by software. Want a monthly view of your numbers, including 1099 contractors? See bookkeeping dashboards.