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Accounting

A complete resource for all your accounting needs. Here you can find a range of basic to advanced accounting information, resources, and best practices.

Latest: Advice, Tips and Resources

Category
The Best Credit Card Processors of 2021
By Donna Fuscaldo | October 19, 2021

Which credit card processor is right for your business in 2020? We review the top-rated services.

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The Complete Guide to Accounts Payable Reporting
By Jamie Johnson | October 15, 2021

Accounts payable reporting involves tracking and recording business transactions. These reports ensure a company's financial data is accurate and up to date.

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PayPal 1099: How to Report Self-Employment Income to the IRS
By Jamie Johnson | October 12, 2021

If you earn money from selling products or services through a third-party provider, like PayPal, you must report that money to the IRS. Learn how to fill out a PayPal 1099.

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How to Choose the Best Retail POS System for Your Business
By Skye Schooley | October 12, 2021

Learn what features to look for when choosing the best retail POS system for your company.

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What Is General Ledger Accounting?
By Jamie Johnson | October 11, 2021

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.

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What Is an Accounts Payable Process?
By Jamie Johnson | October 11, 2021

Processing your accounts payable is a vital part of running a business. Here's what you need to know about setting up a timely and accurate accounts payable process.

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How to Choose the Right Accounting Software for Your Business
By Jamie Johnson | October 11, 2021

The right software will help you track critical financial data in your business, stay on top of your taxes, and pay your employees on time.

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What Is a Profit and Loss Statement?
By Jamie Johnson | October 06, 2021

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.

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The Best Accounting and Invoice-Generating Software for 2021
By Donna Fuscaldo | October 06, 2021

Our team has compared the best accounting software for 2021. See up-to-date comparisons, reviews and costs for the top-rated accounting programs.

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What Are Retained Earnings?
By Dock David Treece | September 30, 2021

Retained earnings are the funds remaining from a company's net income after all profit distributions are paid to shareholders. Learn how to calculate, track and use retained earnings.

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Revenue vs. Income: What's the Difference?
By Dock David Treece | September 30, 2021

When you understand the relationship between revenue and income, you'll have a better grasp of company expenses and your overall business value.

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Financial Accounting
By Dock David Treece | September 30, 2021

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.

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Article
Restaurant Accounting: How It's Different
By Dock David Treece | September 30, 2021

Restaurants have their own special accounting needs and quirks. Here's a look at what sets restaurant accounting apart.

Category
The Best Online Payroll Services of 2021
By Chad Brooks | September 27, 2021

Our team has compared the best online payroll services for 2021. See up-to-date reviews and costs for the top services.

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How Much Do Payroll Services Cost?
By Sean Peek | September 24, 2021

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

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How to Create Payroll Journal Entries
By Max Freedman | September 21, 2021

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

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A Guide to Payroll Forms
By Simone Johnson | September 14, 2021

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

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Everything You Need to Know About Cash Flow Statements
By Mona Bushnell | September 02, 2021

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

Article
How to Improve Your Accounting Skills
By Sean Peek | August 31, 2021

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

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12 Reasons Your Restaurant Needs Modern POS Software
By Donna Fuscaldo | August 25, 2021

Learn how a new POS system can help your restaurant manage orders, inventory, staff and a host of other back-office tasks.

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POS Reports Your Retail Business Should Be Using
By Donna Fuscaldo | August 23, 2021

Increase sales and minimize waste at your store with the data already in your POS system.

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How to Do Payroll for a Small Business
By Matt D'Angelo | August 18, 2021

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

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How to Budget for Hourly Employees Annually
By Julie Thompson | August 18, 2021

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.

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What Are Assets in Accounting?
By Sean Peek | June 10, 2021

Understanding assets in accounting can help businesses obtain both short- and long-term financial goals.

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How to Reconcile a Business Bank Account
By Dock David Treece | May 05, 2021

Reconciling a business bank account means to ensure your books align with your bank statements. Here's how to reconcile your business bank account.