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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

Article
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.

Article
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.

Article
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.

Article
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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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.

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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.

Article
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.

Article
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.

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A Guide to Accounting Software Features and Benefits
By Donna Fuscaldo | April 09, 2021

Accounting software helps you record the flow of your company's money and examine your financial condition.

Article
What Are Liabilities in Accounting?
By Dock David Treece | April 02, 2021

Knowing the money you owe to others, often referred to as liabilities, is an important part of keeping accurate financial records.

Article
Self-Employed Guide to Tax Benefits and Deductions
By Andrew Martins | February 15, 2021

Taxes can be difficult to navigate, but it's well worth the effort. To help you maximize the deductions and benefits you're entitled to, we've put together this list of self-employed tax deductions.

Article
Adding Value: 10 Bookkeeping Systems Small Business Owners Can Use
By Scott Gerber | February 12, 2021

Accounting software is critical to virtually every business. These 10 bookkeeping tools are recommended by small business owners for their ease of use, versatility and effectiveness.

Article
Everything You Need to Know About the Statement of Shareholder Equity
By Donna Fuscaldo | January 29, 2021

The statement of shareholder equity tells you the value of a business after investors and stockholders are paid out.

Article
SBA Loan Default? 9 Ways to Turn Your Business Around
By Jason Milleisen | January 21, 2021

Here are nine suggestions to help you turn around your business if you're struggling with SBA loan default.

Article
How Double-Entry Accounting Works
By Max Freedman | January 20, 2021

Using double-entry accounting can provide a complete picture of your business's finance at any given moment.

Article
The Pros and Cons of Borrowing From Your 401(k) Plan
By John Riddle | January 13, 2021

You can borrow from your 401(k), but is it the best solution to your money problems?

Article
Is Your Small Business Achieving Profitable Growth?
By Emil Abedian | January 12, 2021

Here's how to understand if your business's growth is profitable.