Posts by Lawson James
Accounts Payable Process: How to Manage Vendor Bills Without Losing Track
The accounts payable process is the sequence of steps a business follows from receiving a vendor bill through recording, approving, sch...
Internal Controls for Small Businesses: Preventing Fraud When You Have a Small Team
Internal controls are the policies and procedures a business uses to protect assets, ensure accurate financial records, and prevent or ...
Sales Tax Nexus: When Your Business Owes Tax in Another State
Sales tax nexus is the connection between a business and a state that creates an obligation to register, collect, and remit sales tax i...
Depreciation and Fixed Assets: Section 179, Bonus Depreciation, and What to Track
Depreciation is the accounting method that spreads the cost of a long-lived business asset across the years it is used, rather than ded...
Bank Reconciliation for Small Business
Bank reconciliation is the process of comparing the transactions in your accounting software against your bank statement to confirm the...
AR Aging Report: How to Read It, What Every Column Means, and How to Use It to Protect Your Cash Flow
An accounts receivable aging report is a financial report that lists every unpaid customer invoice organized by how long it has been ou...
How to Pay Yourself as a Business Owner: Owner’s Draw, Salary, S-Corp Rules, and Tax Implications
How you pay yourself as a business owner is determined by your entity type. Sole proprietors, single-member LLCs, and partnerships use ...
Home Care Agency Bookkeeping: Managing Caregiver Pay, Medicaid Billing, and Your True Margins
Home care agency bookkeeping manages caregiver payroll, Medicaid and private pay billing cycles, revenue per visit tracking, and overhe...
Dental Practice Bookkeeping: Production vs Collection and the Real Cost of Unmanaged Books
Dental practice bookkeeping tracks production, collections, overhead ratios, and associate compensation to give dentists a clear pictur...
Medical Practice Bookkeeping: Managing Insurance AR, Payer Mix, and Financial Compliance
Medical practice bookkeeping tracks insurance accounts receivable, payer mix revenue, physician compensation, and overhead ratios speci...