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.
This guide walks you through how to register your business, choose the right structure, and meet legal requirements like licenses, EINs, and compliance filings.
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.
This guide explains what recurring billing is, how it works, and how it can help businesses improve cash flow, customer retention, and operational efficiency.
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.
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.
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.
Learn how invoice reconciliation helps maintain accurate financial records, avoid costly errors, and streamline business payments through automation and best practices.
Learn how supplier invoices work, why they matter for small businesses, and how automation can streamline your payment process and boost financial accuracy.
Learn about the different types of invoices, their uses, and how choosing the right format can streamline your business billing and boost professionalism.
Learn everything you need to know about invoice creation, sending, and tracking invoices. Streamline your small business invoicing and get paid faster!
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.