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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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Understanding Profit and Loss Statements for Your Business
If you’ve ever felt like financial documents are just a necessary evil for tax season, you’re not alone. But what if I…
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What is a chart of accounts? A Practical Guide to Organizing Your Finances
Your chart of accounts, or COA, is a complete list of every single financial account in your company’s general ledger. The easiest…
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Outsourced accounting for small business: Save time, cut costs, grow fast
When you hear “outsourced accounting,” what comes to mind? For many small business owners, it’s about hiring an external firm to handle…
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Employee Benefits Administration Outsourcing: Save Time and Money
Outsourcing employee benefits administration is the practice of bringing in a third-party specialist to handle your company’s entire benefits program. This moves…
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How to Create a Chart of Accounts for Your Service Business
Before you can build your Chart of Accounts, you first need a solid grasp of how to categorize all your financial activities.…
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10 Month End Close Best Practices for Service Businesses in 2025
For any service business owner, the month-end close can feel like a recurring storm of spreadsheets, reconciliations, and looming deadlines. It’s a…
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Your Ultimate 8-Point Year End Close Checklist for Service Businesses (2025)
The end of the fiscal year can feel like a chaotic sprint for service-based business owners. Between finalizing client projects and strategic…
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What Is Accounts Payable Workflow Explained Step by Step
An accounts payable workflow is the step-by-step process your finance team follows to receive, verify, approve, and pay vendor invoices—then reconcile every…
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10 Financial Reporting Best Practices for Service Businesses in 2025
For any service business, accurate financial reporting is more than just a regulatory hurdle; it’s the bedrock of strategic decision-making. Inconsistent data,…
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Best Accounting Software for Startups A Founder’s Guide
For a startup just getting off the ground, the right accounting software needs to walk a fine line between being easy to…
