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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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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…
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Outsource Bookkeeping for Small Business to Save Time
That nagging feeling you get when you’re wrestling with spreadsheets instead of running your business? That’s a huge sign. Outsourcing your bookkeeping…
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Difference between cash basis and accrual basis: Explained
When you get down to it, the difference between cash basis and accrual basis accounting is all about timing. Cash basis accounting…
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General Ledger vs Trial Balance The Key Differences
When you're digging into your company's financials, two terms you'll constantly encounter are the general ledger and the trial balance. It’s easy…
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Trial Balance Format: Structure and Order of Accounts
At its core, a trial balance is a straightforward list. It takes every single account from your general ledger and arranges them…
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Bookkeeping Basics for Small Business Owners
Mastering bookkeeping is the first real step you take toward building a financially sound and scalable business. At its core, it’s just…
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Double Entry Bookkeeping Explained: a quick, clear guide
If you’ve ever felt like your business finances are a bit of a mystery, double-entry bookkeeping is the system that turns on…
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The Importance of Bookkeeping
For any business to succeed, there must be a robust accounting and bookkeeping system in place. This system ensures that all financial…
