An S corporation, no matter how small, must account for business transactions throughout the year. This is necessary to comply with federal and state tax reporting requirements at the end of the year.

Small-business bookkeeping involves setting up a framework, choosing your method and keeping track of details. Many, or all, of the products featured on this page are from our advertising partners who ...

Jennifer Simonson is a business journalist with a decade of experience covering entrepreneurship and small business. Drawing on her background as a founder of multiple startups, she writes for Forbes ...