Small Business
Guides

What is a Chart of Accounts?

When you’re setting up an accounting system for your business, a chart of accounts is one of the very first things you’ll need to take care of to get your boo...

What is a General Ledger?

When someone asks, “What is a general ledger?” images of giant dusty books are usually what come to mind. Surely, those aren’t relevant to today’s...

How to Read a Balance Sheet

  Ah, the balance sheet. The keeper of small business financial insight—if only it didn’t read like a complete foreign language to you. For most small busine...

How to Read a P&L Statement

If you’re in business for yourself, there’s a good chance you’re familiar with the term “P&L.” Short for Profit and Loss Statement, the P&L statement is...