My Count Solutions Blog

Accounting, bookkeeping, and tax tips to help you understand your small business finances.

Operating expenses
Operating Expenses: Overview, Definition, and Examples

In the realm of finance and accounting, understanding operating expenses is crucial. Operating expenses, often referred to as OPEX, play a significant role in determining a company’s financial health and operational efficiency. In this article, we will delve into what… Read More »

E-commerce accountant
How to Choose the Right Ecommerce Accountant

Running an eCommerce business presents unique financial challenges and opportunities. To effectively manage your finances, you need an accountant who understands eCommerce accounting intricacies and can navigate the online retail landscape. In this article, we’ll discuss accounting methods suitable for… Read More »

Cash vs accrual accounting
Cash Basis Accounting vs. Accrual Accounting: Understanding the Differences

When it comes to managing finances, especially in the realm of small businesses, choosing the right accounting method is crucial. Two primary methods exist: cash-based accounting and accrual basis accounting. Understanding the differences between cash vs accrual accounting can help… Read More »

Month end close process
10 Steps to Streamline Your Month End Close Process

For businesses across the United States, navigating the monthly ritual of the month-end close process can be both daunting and crucial. Meticulously reviewing and reconciling financial records ensures accuracy and compliance with IRS regulations, but it doesn’t have to be… Read More »

Bookkeeping terminology
Bookkeeping Terminology: 35 Common Bookkeeping Terms

In the intricate world of finance, understanding bookkeeping terminology is not just for accountants. Whether you’re a business owner, a freelancer, or an individual managing personal finances, having a grasp of these terms is crucial. In this article, we’ll delve… Read More »

Bookkeeping for truckers
Bookkeeping for Truckers: Mastering Financial Excellence with 5 Essential Tips

In the dynamic world of trucking, the key to a thriving business lies in the mastery of financial management. Keeping your financial house in order is not only a regulatory necessity but also a strategic move toward long-term success. In… Read More »

Successful Entrepreneurship
Top 10 Most Successful Entrepreneurship to Start in 2024

As we embark on the promising journey of 2024, the entrepreneurial landscape beckons with a plethora of opportunities for those seeking to carve their niche in the business world. However, a strategic and meticulous approach, harmonized with United States guidelines,… Read More »

Tax deduction
What is a Tax Deduction?

A tax deduction, also known as a “tax write-off,” refers to an eligible expense that can be subtracted from your taxable income. By deducting the expense amount from your taxable income, you effectively reduce the amount on which you are… Read More »

Hiring an accountant
Hiring an Accountant: Before and After

In the dynamic landscape of business, managing your finances efficiently is paramount to success. As your business grows, so do the complexities of financial management. One crucial decision entrepreneurs often grapple with is whether to handle their accounting internally or… Read More »

Accounting for Retail
Accounting for Retail Business: An Ultimate Guide

Running a successful retail store involves more than just selling products. It requires a meticulous approach to managing finances and adhering to both the United States and IRS guidelines. In this ultimate guide, we’ll delve into the intricacies of accounting… Read More »

Historical Bookkeeping
Do I Need Historical Bookkeeping If I Haven’t Filed My Taxes In Years?

Falling behind on filing taxes can be a stressful situation, but understanding the significance of historical bookkeeping is essential in navigating the complexities of the U.S. tax system. In this comprehensive guide, we’ll delve into the importance of maintaining detailed… Read More »

Automated Bookkeeping
Automated Bookkeeping: Benefits, Drawbacks & Prices

In the ever-evolving landscape of financial management, the significance of accurate and compliant bookkeeping cannot be overstated. Traditional manual processes are increasingly being replaced by automated bookkeeping, leveraging technological advancements to enhance efficiency and adherence to IRS guidelines. What is… Read More »

Restaurant Accounting
9 Tips for Basic Hotel and Restaurant Accounting

In the ever-evolving hospitality industry, managing the financial intricacies of your hotel or restaurant is paramount for sustained success. Effective accounting practices not only ensure compliance with regulations but also provide a clear financial picture, aiding in strategic decision-making. In… Read More »

business bank account
Personal vs Business Bank Accounts for Your Small Business

Starting a small business is an exciting journey filled with decisions that can significantly impact its success. One crucial decision often overlooked in the initial stages is whether to use a personal or business bank account. The choice between the… Read More »

cash flow management
Efficient Cash Flow Management for Small Businesses: A Comprehensive Guide

In the dynamic landscape of small business operations, mastering the art of cash flow management is paramount for sustained success. Whether you’re a budding entrepreneur or an established business owner, understanding and implementing efficient cash flow strategies can make the… Read More »

up to date bookkeeping
Up to Date Bookkeeping – 6 Reason Why to do That

In the dynamic realm of business, maintaining up-to-date bookkeeping isn’t just a regulatory obligation—it’s a strategic imperative. The meticulous tracking of financial transactions offers a wealth of advantages that extend beyond compliance. In this comprehensive guide, we’ll delve into six… Read More »

Bookkeeping solution
How to Make the Most of Your Bookkeeping Solution

Welcome to our in-depth guide on optimizing your bookkeeping solution for financial success! Managing your business finances doesn’t have to be daunting; with the right approach, you can gain control and make your money work for you. Let’s delve deeper… Read More »

bookkeeping mistakes
12 Most Common Bookkeeping Mistakes (And How to Avoid Them)

In today’s fast-paced business world, proper bookkeeping is essential for the success of any company, regardless of its size. Unfortunately, many entrepreneurs make common bookkeeping mistakes that can lead to financial troubles down the line. In this article, we will… Read More »

Payroll For Small Businesses
Process & Procedure Guide: Payroll For Small Businesses 2023

Business is mighty and so it is daunting too. The most crucial phase for any small business owner is to calculate the payroll. Quite a challenging task of its own, it can become a bit troublesome for the small business… Read More »

Best Online Payroll Services
Reasons Why You Should Select a Best Online Payroll Services

The main thing more regular than “keeping the books” is messing them up Picking the best online payroll service for your requirements can assist you with reducing bookkeeping and different mistakes. For this, you have to find the best online… Read More »

Accounting for Medical Practices
Accounting for Medical Practices: Tips and Best Practices

Running a successful medical practice involves more than just providing quality healthcare services. It also requires efficient financial management to ensure the practice’s long-term sustainability. In this article, we will explore the basics of accounting for medical practices and provide… Read More »