Myths that downplay the importance of having a bookkeeper are pretty commonplace for entrepreneurs who are just starting. Time will...

For small business owners and independent contractors, Tax Season requires some extra steps. Here's your first tip: Prepare a P&L Statement.

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.

The final quarterly estimated self-employment tax payments are due today.

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.

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...

The coronavirus has become a growing problem for even small business owners. In this article we give three tips to help them prepare for it.

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.

Sales Tax is something that every e-seller should know about, whether or not they sell online casually or professionally.

A quick little tip that can help you get ahead of Self-Employment Taxes and avoid getting hit by late-fees.