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2. Single-entry bookkeeping - Wikipedia

   en.wikipedia.org/wiki/Single-entry_bookkeeping

   Single-entry bookkeeping, also known as, single-entry accounting, is a method of bookkeeping that relies on a one-sided accounting entry to maintain financial information. . The primary bookkeeping record in single-entry bookkeeping is the cash book, which is similar to a checking account register (in UK: cheque account, current account), except all entries are allocated among several ...

3. Payroll - Wikipedia

   en.wikipedia.org/wiki/Payroll

   A payroll is a list of employees of a company who are entitled to receive compensation as well as other work benefits, as well as the amounts that each should obtain. [1] Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously ...

4. Cost of goods sold - Wikipedia

   en.wikipedia.org/wiki/Cost_of_goods_sold

   The cost of goods produced in the business should include all costs of production. [10] The key components of cost generally include: Parts, raw materials and supplies used, Labor, including associated costs such as payroll taxes and benefits, and; Overhead of the business allocated to production. Most businesses make more than one of a ...

5. 5 Key Tax Strategies for Entrepreneurs: What You Need To Know

   www.aol.com/finance/5-key-tax-strategies...

   Remember to keep detailed records in either case — you will need them to support your claims in case of an audit. If your principal place of business is a home office, you might be eligible for ...

6. Financial Planning for Startups: 6 Essential Tips for New ...

   www.aol.com/financial-planning-startups-6...

   An expense budget: This is a ... isn’t a bad idea — as long as you make meticulous records of how much money you invest in the business and keep your personal and business finances separated ...

7. Bookkeeping - Wikipedia

   en.wikipedia.org/wiki/Bookkeeping

   Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. [1] It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person, organization or ...