Articles

The latest industry news, interviews, technologies, and resources.

How Much Does It Cost to Start an LLC?

Starting an LLC typically costs $40 to $800 depending on the state, with extra fees for services like registered agents, legal documents, and annual compliance.

How to Register a Business: Everything You Need to Know

This guide walks you through how to register your business, choose the right structure, and meet legal requirements like licenses, EINs, and compliance filings.

How to Write an Invoice for Freelance Work

Learn how to write professional freelance invoices, avoid payment delays, and streamline your process with easy-to-follow steps and expert tips.

How to Create an Invoice in Excel: A Step-by-Step Guide

A step-by-step guide on how to create, customize, and manage professional invoices using Microsoft Excel.

How to Invoice as a Freelancer: A Complete Guide

This guide teaches freelancers how to write and send professional invoices, set clear payment terms, and get paid faster with proven invoicing strategies and tools.

What is Recurring Billing? A Complete Guide

This guide explains what recurring billing is, how it works, and how it can help businesses improve cash flow, customer retention, and operational efficiency.

How to Fill Out a Receipt Book: A Step-by-Step Guide

This guide shows you exactly how to fill out a receipt book, with step-by-step instructions, templates, and tips to stay accurate and organized.

Can You Have Multiple Businesses Under One LLC?

Yes, you can run multiple businesses under one LLC—this guide explains how to do it smartly, including benefits, risks, and setup strategies.

How to Write a Receipt of Payment: A Complete Guide

This guide explains how to write a receipt of payment, including key details to include, why receipts matter, and a step-by-step process to create accurate, professional receipts for any transaction.

How to Start and Structure Your Business: A Complete Guide

This comprehensive guide walks you through starting and structuring a business—from choosing the right legal entity to funding, branding, operations, and scaling for long-term success.

How to Send an Invoice: A Step-by-Step Guide

This guide walks you through how to create and send professional invoices step by step—via email or online—to ensure timely payments. Learn how clear invoicing practices, secure payment methods, and tools like Tofu can improve cash flow and reduce delays.

A Beginner’s Guide to Creating Professional Invoices in Word

Learn how to create polished invoices using Microsoft Word, plus tips for customizing, tracking, and managing them.

What Is Invoice Reconciliation: The Key to Financial Accuracy

Learn how invoice reconciliation helps maintain accurate financial records, avoid costly errors, and streamline business payments through automation and best practices.

What is a Supplier Invoice? A Complete Guide for Businesses

Learn how supplier invoices work, why they matter for small businesses, and how automation can streamline your payment process and boost financial accuracy.

What Is a Commercial Invoice? A Complete Guide

This guide explains what a commercial invoice is, how it facilitates international trade, and why accuracy is critical for customs clearance.

What Is a Proforma Invoice? Everything You Need to Know

Understand what a proforma invoice is, how it differs from other invoices, and when to use it in business transactions.

Different Types of Invoices and Their Uses in Business

Learn about the different types of invoices, their uses, and how choosing the right format can streamline your business billing and boost professionalism.

What Is A Billing Cycle: Everything You Need to Know

Learn how billing cycles work, how they affect credit and cash flow, and how to manage them for better financial control.

The Ultimate Guide to Invoicing for Small Businesses

Learn everything you need to know about invoice creation, sending, and tracking invoices. Streamline your small business invoicing and get paid faster!

Invoice vs Receipt: Key Differences and When to Use Each

This article explains the key differences between invoices and receipts, including their purposes, required details, and when to use each. It also covers how both documents impact financial management, tax compliance, and business operations.

Invoice vs Bill: What’s the Difference & When to Use Each?

This blog explains the key differences between an invoice and a bill, including when and why each should be used. It helps business owners choose the right document to streamline payments, stay compliant, and improve financial tracking.

Invoice Processing: A Complete Guide to Streamlining Your Workflow

This comprehensive guide breaks down how invoice processing works, why it matters, and how automation can streamline every step—from receipt to payment. Learn best practices to reduce errors, cut costs, and improve cash flow across your business operations.

Invoice Numbering: Best Practices & How to Set It Up Correctly

This guide explains how to create an effective invoice numbering system to keep your billing organized, accurate, and audit-ready. Learn the best practices, common mistakes to avoid, and how tools like Tofu can automate and simplify the process.

How to Write a Business Plan: A Step-by-Step Guide

This step-by-step guide shows you how to write a clear, effective business plan that outlines your goals, market strategy, and financials to help launch or grow your business.

Business Structure Types: A Guide to Choosing the Right One for Your Company

This article guides entrepreneurs through different business structure types—such as sole proprietorships, partnerships, LLCs, and corporations—explaining their impact on taxes, liability, and operations to help business owners choose the best legal setup for long-term success.

Tofu Took the Hassle & Stress Out of Running My Business

Personal story by Mike, car mechanic. Mike was delighted to find that Tofu took the hassle and stress out of managing his business, and he was able to free up more time in his day.

The Complete Small Business Accounting Guide for 2025

This complete small business accounting guide covers everything from bookkeeping basics to financial statements, helping owners manage cash flow, reduce errors, and make smarter financial decisions.

What is Bookkeeping? A Complete Beginner’s Guide

This beginner-friendly guide explains what bookkeeping is, why it matters, and how small businesses can manage financial records effectively. Learn about bookkeeping methods, key responsibilities, and whether you need an accountant to stay financially organized and tax-ready.

Bookkeeping vs. Accounting: What Are the Differences?

This guide explores the key differences between bookkeeping and accounting, explaining each role's responsibilities, costs, required skills, and how they support business growth. Learn which professional your business needs based on its financial goals and complexity.

What is a Tax Invoice? How It Works and When You Need One

Learn what a tax invoice is, why it matters for compliance, and how to create one correctly.

Accounting Equation: How It Works & Why It Matters

This guide breaks down the accounting equation—Assets = Liabilities + Equity—and explains how it ensures balanced books, supports accurate financial statements, and underpins the double-entry system. Whether you're a business owner or finance student, understanding this equation is key to tracking your company’s financial health.

The Accounting Cycle Explained: Everything You Need to Know

This guide breaks down the 8 essential steps of the accounting cycle, from recording transactions to closing the books. Learn how each step supports accurate financial reporting, reduces errors, and helps small businesses stay organized and compliant.