1. Money

Accounting and Bookeeping Terminology

Definitions of various terms used in accounting and bookeeping of interest to home business owners.

Balance Sheet
Definition of balance sheet as it is used in home business.

Variable Expenses
Definition of variable expenses as used in home business.

Breakeven Point
The definition of breakeven point as it applies to home business.

Sole Proprietorship
Definition of the term sole proprietorship, which is a common form of business entity used by home businesses

C Corporation
Definition of a C corporation, its benefits and disadvantages for those who operate a home business.

S Corporation
Definition of an S corporation, a legal business entity that may be used when operating a home business.

Cash Flow Statement
Definition of cash flow statement as it is used in home businesses.

5 Home Business Accounting Tools
For small businesses, affordability can be a top priority when selecting accounting software. Here are five free or inexpensive business accounting tools especially for the home-based business.

Partnership
Definition of partnership, a legal form of business entity that may be used when operating a home business.

Fixed Expenses
Definition of the term fixed expenses as it applies to home businesses.

Limited Liabilitiy Company - LLC
Definition of a limited liability company (LLC), a form of legal business entity that may be used when operating a home business.

Income Statement
Definition of the term income statement as is used in home business.

Get Ready for Tax Season!
Information and Tips to Organizing Your Taxes

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