The 1099-NEC & 1099-MISC can be a bit complex to fill out. Here's some advice on what needs to be reported on them.

Prepaid expenses can be a little tricky to understand if you are new to owning a business, so we’ve decided to make a simple post about it.

As a reminder, the final quarterly estimated tax payments are due on the 15th of this month. For the unaware, all self-employed...

As mentioned before, business owners who use the services of Independent Contractors now have to use a Form 1099-NEC is. However, this...

Assets are all the resources that your business has accumulated. But what's the difference between Current Assets and Fixed Assets?

Loans can be essential for businesses to survive. So we at From Red To Black LLC are committed to teaching you how to record them.

Sales Discounts are a decent promotional tool for small businesses. Here's how to record them in bookkeeping.

Bartering between small businesses has seen a comeback while cash is sparse. So in this entry we'll show how to record it in your books.

As unfortunate as it is, not all clients can pay when the invoice comes. So we'll discuss how to record these uncollectable receivables.

Managing inventory requires choosing either FIFO or LIFO as your preferred method of determining the cost. But which should you choose?

Bank Reconciliations are more time-consuming than difficult, but even so they shouldn't be neglected. Read on to learn more about why...

New business owners need to be able to take stock of their accounts receivables if they're going to grow their business, so here are a few.

There are three financial reports all business owners, whether small or large, should know. In this blog post we discuss why you should too.

One thing I've noticed as a bookkeeper is that a lot of small business owners don't reconcile their essential accounts. But they should...

The New Year of 2020 has come, but before small business owners and self-employed individuals can celebrate, they've got a few things to do.