Accounting

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Understanding the difference between net income and profit is vital for business owners in any industry. 

Making proper payroll journal entries is a task with which all small business owners should be familiar.

Just because your employees are hourly doesn't mean you can't plan for the long term. Here's how to budget annually for your hourly workers.

Find out what makes up a cash flow statement and why it's important for your business.

The accounting cycle provides a detailed overview of your company's financial standing, simplifies financial reporting and helps protect your assets.

A profit and loss (P&L) statement summarizes a company's revenue, expenses, and profits or losses over a given period of time. Learn what a P&L statement is and why you need one.

Business budgets are necessary for keeping a finger on the pulse of your business's financial health. Download our free business budget template and learn how to use it.

Not having a firm grasp on your business's financial status can significantly hamper your ability to grow. Here are seven accounting mistakes to avoid.

QuickBooks is the most widely used accounting software, but there are alternatives that might be better for your business.

Fraud can happen anywhere and be committed by anyone, including your own workers.

Employers are required to submit multiple payroll forms to the IRS. Be sure you're filing the right forms correctly to avoid costly fines.

In order to understand whether your business will make or lose money, you need to know what your overhead expenses are.

Prevent common expense fraud types from draining your company's funds.

Modern accounting requires both hard and soft skills, and businesses want accountants with the most up-to-date skill sets.

To create a proper budget, you'll want to consider both your fixed and variable expenses. Here are some examples of each.

Schedule K-1 forms separate business income from personal income and are especially important for partnerships.

Methods of calculating and tracking your inventory

Even if it isn't your forte, you still need to know the basics of accounting to ensure your business is being run right. Here are 11 accounting tips all small business owners should follow.

Small business owners face a number of challenges every day, and accounting is a big one. Here's how to stay on top of your finances as an entrepreneur.

Doing payroll yourself can be as easy as these eight steps.

Find out how much it costs to use a payroll company and how it compares to having a CPA run payroll for you.

Cash flow statements help businesses keep track of their finances. Here's what you need to know.

Generally Accepted Accounting Principles (GAAP) are a set of rules used for financial reporting in the U.S. Learn more about GAAP standards and why they matter for U.S. companies.

A general ledger is a record of a company's financial transactions that gives you insight into your company's financial health. Learn what a general ledger is and why you need one.

Finance tracking can help you keep tabs on the money coming in and going out of your business and aid you in identifying ways to grow your enterprise.

Financial accounting is documenting your business's finances, often with the help of software. Here's what every business owner needs to know about how financial accounting works.