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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

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The Best Online Payroll Services of 2022
By Chad Brooks | July 01, 2022

Our team has compared the best online payroll services for 2022. See up-to-date reviews and costs for the top services.

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The Best Credit Card Processors of 2022
By Jennifer Dublino | July 01, 2022

Which credit card processor is right for your business in 2022? We review the top-rated services.

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The Best Accounting and Invoice-Generating Software for 2022
By Donna Fuscaldo | June 28, 2022

Our team has compared the best accounting software for 2022. See up-to-date comparisons, reviews and costs for the top-rated accounting programs.

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What's the Difference Between Net Income and Profit? 
By Dachondra Cason | March 03, 2022

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

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How to Create Payroll Journal Entries
By Max Freedman | February 16, 2022

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

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How to Budget for Hourly Employees Annually
By Julie Thompson | February 16, 2022

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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Everything You Need to Know About Cash Flow Statements
By Mona Bushnell | February 16, 2022

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

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Accounting Cycle 101
By Dachondra Cason | February 16, 2022

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

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What Is a Profit and Loss Statement?
By Jamie Johnson | February 15, 2022

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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How to Create a Business Budget, With Free Budget Template
By Jamie Johnson | February 15, 2022

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.

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7 Accounting Mistakes That Cost Small Businesses Significant Growth
By Jamie Johnson | February 15, 2022

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.

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QuickBooks Alternatives to Consider
By Jamie Johnson | February 15, 2022

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

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Oh No You Didn't! 4 Tips for Preventing Employee Accounting Fraud
By Dachondra Cason | February 15, 2022

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

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A Guide to Payroll Forms
By Simone Johnson | February 15, 2022

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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Overhead Cost and How to Calculate It
By Dock David Treece | February 15, 2022

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

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Outrageous Expense Reports and How to Avoid Expense Fraud
By Sean Peek | February 15, 2022

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

Article
How to Improve Your Accounting Skills
By Sean Peek | February 15, 2022

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

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Fixed and Variable Expenses: What Do These Terms Mean?
By Sammi Caramela | February 15, 2022

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

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K-1s and How They Are Used
By Max Freedman | February 15, 2022

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

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Hitting the Books: A Guide to Retail Accounting
By Jill Bowers | February 15, 2022

Methods of calculating and tracking your inventory

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11 Accounting Tips All Small Businesses Should Know
By Rashan Dixon | February 15, 2022

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.

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The Top Accounting Challenges Small Businesses Face
By Alika Cooper | February 15, 2022

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.

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How to Do Payroll for a Small Business
By Matt D'Angelo | February 15, 2022

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

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How Much Do Payroll Services Cost?
By Sean Peek | February 15, 2022

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

Article
How Is a Cash Flow Statement Prepared?
By Simone Johnson | February 15, 2022

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

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What Is GAAP? A Guide to Generally Accepted Accounting Principles
By Jamie Johnson | February 15, 2022

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.

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What Is General Ledger Accounting?
By Jamie Johnson | February 15, 2022

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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Financial Tracking 101: Best Implementation Practices and Best Tools
By Donna Fuscaldo | February 15, 2022

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.

Article
Financial Accounting
By Dock David Treece | February 15, 2022

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.