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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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How to Set Up Payroll for Small Business
Before you can even think about running your first payroll, you need to get your house in order legally and financially. This…
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A Guide on How to Prepare for Tax Season
Tax season doesn’t have to be a mad dash of late nights and lost receipts. For B2B service businesses, getting ready for…
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Cost Centers and Profit Centers: Boost Your Margins
Let’s get one thing straight: not all parts of your business are created equal when it comes to money. Some departments are…
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Mastering the Budget for Small Business
When most people hear the word “budget,” they think about restriction. It’s a word that brings up feelings of limitation, of tracking…
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How to Keep Track of Business Expenses: A Smarter Approach
To really get a handle on your business expenses, you need a solid system. I’ve found that the best ones are built…
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How to Reconcile Bank Accounts the Right Way
At its core, bank reconciliation is simply the process of comparing your business’s financial records to your bank statements. It’s a methodical…
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Your Essential Credit Memo Sample and Guide
A credit memo sample is more than just a template; it’s your go-to tool for correcting an invoice after it’s already been…
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10 Essential Accounts Receivable Best Practices for 2025
For any service business, the gap between sending an invoice and receiving payment is where profits are won or lost. Strong accounts…
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10 Accounts Payable Best Practices for 2025 Success
For many service-based businesses, managing accounts payable feels like a necessary but cumbersome chore. It’s often a relentless cycle of chasing down…
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Difference Between a Receipt and Invoice: Quick Guide
At first glance, invoices and receipts might seem interchangeable. They both show up in your inbox and deal with money, but in…
