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Accounting

Managing your business finances begins with organizing your books. Proper accounting is critical to make informed decisions about your money. Not sure where to start? We’ve got you covered with these accounting guides, tips and tools.

Latest: Advice, Tips and Resources

person punching numbers on a calculator
Article
Revenue vs. Income: What’s the Difference?
By Dock David Treece | December 12, 2025

Learn how the relationship between revenue and income affects your business and its value.

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Medical Billing Process Step by Step
By Natalie Hamingson | December 10, 2025

The medical billing process can be complicated. Follow this step-by-step process to ensure you do it correctly.

colleagues talking in front of a laptop
Article
Accounting Cycle 101
By Dachondra Cason | December 10, 2025

The accounting cycle tracks a transaction until it's added to your company's financial statement. Follow this eight-step process to organize the data.

Article
Four Simple Steps to Valuing Your Small Business
By Russell Smith | December 10, 2025

If you're looking for investors or want to sell your business, you must determine its value. Follow these four steps to calculate it.

Article
How to Calculate Gross and Net Pay
By Julie Ritzer Ross | November 20, 2025

In order to pay your employees correctly each pay period, you need to know how to calculate gross and net pay. Learn how to ensure your payroll is precise.

accountant using a calculator
Article
How to Calculate Blended Overtime Pay
By Max Freedman | November 20, 2025

When a multiwage employee works overtime, which of their wage rates do you base their overtime rates? Blended overtime pay answers this question.

Article
PayPal 1099: How to Report Self-Employment Income to the IRS
By Jamie Johnson | November 20, 2025

You have to report PayPal income to the IRS. Learn how PayPal tracks your income and how to fill out a PayPal 1099.

Article
How to Create Payroll Journal Entries
By Max Freedman | November 20, 2025

Successful businesses must stay on top of their accounting. Learn how to use payroll journal entries to track wages and other financial data.

accountant using a calculator
Article
How to Process Accounts Receivable: A Step-by-Step Guide
By Jamie Johnson | November 20, 2025

Learn how the accounts receivable process works and how accounting software can streamline your business’s ability to track and collect money owed.

Article
How to Conduct a Payroll Audit
By Max Freedman | November 20, 2025

Payroll audits can be beneficial to your business. Learn how to conduct one with this step-by-step guide and get software recommendations.

Article
How to Reconcile a Business Bank Account
By Dock David Treece | November 20, 2025

Learn how to reconcile your business’s bank account by comparing your recorded transactions to the bank statements. Then, you can follow up on any errors.

Article
5 Restaurant Employee Scams That Will Cost Your Business Big
By Mona Bushnell | November 11, 2025

Learn how five top restaurant employee-theft scams work. We'll show you how to stop losing money to employee theft and retake control of your restaurant.

Article
How Fintech Is Changing Business (and Bank Accounts)
By Mark Fairlie | October 27, 2025

FinTech is the financial technology fueling innovation in payment processing, lending, wealth management, and more. Learn how FinTech is changing business.

Article
What Is a Certified Financial Statement? (And How to Get One)
By Skye Schooley | October 17, 2025

Learn what certified financial statements are, when you need them, and how to obtain them. Includes costs, timelines and a complete prep checklist.

Article
Budgeting Planning: A Small Business Budgeting Guide
By Sean Peek | October 13, 2025

Business owners need budgets to help them manage money and meet financial goals. Learn how and why to start budget planning for your business.

Article
Everything You Need to Know About Cash Flow Statements
By Jennifer Dublino | October 09, 2025

Learn why cash flow statements are essential for business survival, how they track liquidity and solvency, and key strategies for financial management.

colleagues talking in front of a laptop
Article
What Is an Audited Financial Statement?
By Sally Herigstad | October 09, 2025

Audited financial statements are independent CPA evaluations costing thousands. They include balance sheets, cash flow, income statements, and equity changes.

Article
Financial Accounting: What You Need to Know
By Dock David Treece | September 26, 2025

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Article
Is it Better to Buy or Lease a Car for Business?
By Max Freedman | September 11, 2025

Should you buy or lease the company car? Here are the pros and cons of each to help you weigh which is best for your needs.

person working at a desk in a wheelchair
Article
What’s the Difference Between Net Income and Profit?
By Sally Herigstad | September 11, 2025

Profit and net income are found on your company's income statement. Learn the difference between these financial terms and what they mean for your company.

person opening a paycheck
Article
What Is a Discretionary Bonus?
By David Gargaro | September 10, 2025

A nuanced understanding is crucial when offering compensation beyond employees' agreed-upon salary or wages.

Article
Guide to Employee Bonuses
By David Gargaro | September 10, 2025

Employee bonuses are any compensation paid in excess of an employee's base salary or hourly wage. Learn how to structure and implement employee bonuses.

Article
Bookkeeper vs. Accountant: What the Differences Are & Why You Need Both
By Dachondra Cason | September 08, 2025

Understanding the distinction between accountants and bookkeepers can save your business a lot of money.

accountant using a calculator
Article
10 QuickBooks Alternatives to Consider
By Jamie Johnson | August 07, 2025

Here are 10 alternatives to QuickBooks that could be better for your business.

Article
Nonprofit Accounting: A Complete Guide to Accounting for Nonprofits
By Katharine Paljug | July 25, 2025

Nonprofit organizations have specific accounting regulations and requirements. Learn what nonprofits need to know about accounting.

Article
How Business Debt Consolidation Works
By Julie Thompson | July 22, 2025

Learn who should consider debt consolidation and what you need to know before deciding whether business debt consolidation is right for you.

Man using a calculator for finances
Article
How to Apply a Break-Even Analysis to Your Small Business
By Simone Johnson | July 16, 2025

A break-even analysis helps you identify how much your business must sell to recoup costs. Learn how to use it to make smart decisions for your business.

Article
Restaurant Accounting: How It’s Different From Other Industries & Best Practices
By Dock David Treece | June 30, 2025

Restaurant accounting has specific needs and features. Here's a look at restaurant accounting methods and expenses, how tips factor in, and more.

Article
5 FreshBooks Alternatives
By Amanda Hoffman | June 24, 2025

While FreshBooks is popular accounting software, others might work better for your company. Learn about some alternatives.

accountant using a calculator
Article
Accounts Payable vs Accounts Receivable: What You Need to Know
By Jamie Johnson | June 11, 2025

Accounts payable is money your business owes, and accounts receivable is money owed to you. Learn how accounts payable and accounts receivable differ.