Tag: business bookkeeping
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Owner Draws Explained: What They Are, How to Record Them, and Best Practices
As a small business owner, one of the most common questions you’ll encounter is: How do I pay myself? If you operate as a sole proprietor, partnership, or LLC, chances are you’ve heard of the term Owner’s Draw. But what exactly does it mean, how does it affect your books, and what are the best…
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How to Track Income with Sales Tax—Without Losing Your Mind!
If you’re a small business owner or self-employed, you know that tracking income can quickly become a headache—especially when sales tax comes into play. Some items have sales tax, others—like services or labor—don’t, and some products might even have a different sales tax rate altogether. The result? Confusion and messy records. Let’s cut through the…