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Steingard Insights
Practical financial education for owners responsible for running the business.
Three years of articles on bookkeeping, payroll, taxes, cash flow, and financial reporting — browse the latest below or jump into a topic from the Insights menu.
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What Is Cost of Goods Sold? A Clear Guide for Business Owners
If you've ever looked at your revenue and wondered where all the money actually went, you need to get familiar with the…
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What are payroll liabilities? A Practical Guide for Small Businesses
When you run payroll, the money doesn't just go from your bank account to your employee's. There’s a crucial middle step. The…
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What Is Accounts Receivable Turnover A Guide to Cash Flow
Accounts receivable turnover is a fancy term for a simple idea: how quickly do you get paid? Think of it as a…
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Accrual to Cash Conversion Your Guide to Real Cash Flow
The accrual to cash conversion is the process of adjusting your books to see the real story behind your profitability—how much actual…
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A Guide to Basic Bookkeeping for Small Businesses
At its core, basic bookkeeping is simply the process of recording and organizing all the money that moves in and out of…
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Chart of Accounts Accounting Definition A Guide for Service Businesses
If you want a simple chart of accounts accounting definition, here it is: the COA is a complete list of every single…
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Understanding Net Cash Flows for Your Service Business
Let’s get straight to it: net cash flows are the bottom line of your business’s cash game over a certain period, whether…
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A Complete Guide to the Invoice to Pay Process
The invoice to pay process is the entire journey a vendor bill takes inside your company, from the moment it lands on…
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A Guide to Accounts Receivable Management Services
Think of your unpaid invoices as a reservoir of cash just waiting to flow into your business. Accounts receivable management services are…
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Double entry bookkeeping in accounting: A Clear Beginner’s Guide
At its heart, double-entry bookkeeping is the simple idea that every single financial transaction has an equal and opposite effect in at…
