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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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Mastering the Accrual to Cash Adjustment for Service Firms
An accrual to cash adjustment is the process of converting your financial records from accrual-basis accounting over to a cash basis, or…
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A Staffing Plan Template Built for Scaling Your Business
Hiring without a plan is just guessing with your payroll. A strategic staffing plan template transforms that guesswork into a financial blueprint,…
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What Is the Basic Accounting Equation Explained for Business Owners
At the very heart of all accounting is a surprisingly simple, yet incredibly powerful formula: Assets = Liabilities + Equity. This is…
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A Simple Guide to Understanding Debit and Credit in Accounting
To understand debits and credits in accounting, you have to get one thing straight: it’s all about tracking where money comes from…
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What Is a General Ledger? General Ledger, Explained
At its heart, the general ledger is the master financial record for your entire business. Think of it as the central hub…
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What is accounts payable process? A Practical Guide to the AP Workflow
The accounts payable process is simply the system your business uses to manage and pay its bills. But it’s so much more…
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Outsourced Accounting Services for Small Business: Streamline Finances, Cut Costs
When you hear “outsourced accounting,” what comes to mind? For a lot of small business owners, it’s about handing off the financial…
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How to Organize Business Receipts: A Modern Digital System
Learning how to organize business receipts really just comes down to creating a simple, repeatable workflow. You capture every transaction on the…
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Setting Up a Payroll: setting up a payroll Made Simple for Small Businesses
Before you can even think about paying your first employee, you’ve got to lay the proper groundwork. This isn’t the exciting part…
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What Is AP Automation A Guide to Transforming Your Finances
AP automation is simply technology that takes over your accounts payable process, handling everything from the moment an invoice arrives to when…
