Administering a trust or estate is more than a legal formality. When someone accepts the role of trustee or executor, they become a fiduciary, meaning they are legally obligated to act in the best interests of others. These positions demand accuracy, transparency, and sound judgment. Whether managing an ongoing trust or settling an estate, effective bookkeeping practices are central to fulfilling fiduciary obligations and avoiding financial or legal consequences. Trusts A tr

Starting a small business can feel overwhelming with so many tasks to manage. This checklist breaks down each step to help you stay organized and confident. Learn how to choose a business structure, register with the state, set up finances, manage taxes, and create a strong brand foundation to set your business up for success.

Cash accounting and accrual accounting are two distinct methods for tracking a business’s income and expenses. Cash accounting records money when it moves, meaning you record a sale only when the customer’s payment actually arrives in your bank account, and you record an expense only when you pay the bill. Accrual accounting records business activity when it occurs, so you recognize revenue when an order is received and expenses when they are incurred, even if cash has not ye