Accounting

FreshBooks is an extremely intuitive program with the features you need to manage clients and projects, send invoices, and process payments.

Budgeting is made more difficult during the pandemic. Here's how to create an effective plan for another year of uncertainty.

A profit and loss statement (P&L) details a company's revenue and expenses. Learn how to create and read a P&L to grasp your business's health.

General ledger accounting means maintaining a general ledger, a record of a company's financial transactions. Here's what it includes and how it works.

Tax requirements for nonprofits are stringent. Follow our nonprofit accounting guide to stay on top of your finances.

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

Oracle NetSuite is a popular cloud-based ERP used by more than 40,000 organizations worldwide. It offers a comprehensive suite of integrated business management solutions.

Which expense tracking service is right for you? Our buying guide explains what to look for in a provider and how to choose the best one for your needs.

An accountant can add financial balance to your life. But how do you pick the right accountant for your business? Here are tips on how.

FIFO and LIFO are two inventory-tracking methods that help businesses calculate the cost of goods sold. Learn the difference between FIFO and LIFO.

Whether you do it yourself or rely on accounting software, finance tracking is essential for small business owners.

This guide explains employee bonuses, regulations, tax considerations, and various bonus structures company owners and managers should consider.

Having a robust accounting system in place right from the early stages of the business will help you build a strong foundation for your biz.

Learn about discretionary bonuses and their regulatory and tax implications, as well as the bonus structures that best avoid triggering additional taxes.

The business checking account you choose matters. Here's what to look for.

This guide explains how to reconcile a business bank account and why it is important for a small business's cash flow and financial recordkeeping.

Here are some useful strategies for small business owners to use to stay on top of their finances.

The IRS requires partnerships to use Schedule K-1 tax forms to distinguish between business income from the owners' personal income.

All businesses have both fixed and variable expenses. Here are the differences between the two.

Learn how bonus depreciation can reduce your tax liability.

Find out what an audited financial statement is, who prepares it, what information it contains, and why lenders want to see it.

The science of accounting is centuries old, but today's AI and automation technologies are challenging it.

Accounting ratios can give you a good look at your business's financial status. Learn more about the key ratios to pay attention to for your business.

Both the EIDL and the PPP loans are eligible for some degree of loan forgiveness. Learn about the qualifications and how to apply for forgiveness.

Every industry has its own accounting factors. Here are the different methods you can use for retail accounting.

A statement of shareholder equity can tell you if your business is doing well or if it's time to fine-tune some of your activities.

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

Cash-basis accounting and accrual-basis accounting give businesses insight into their financial performance. Which method is right for your business?

Smart business leaders understand the power of saving for future growth. Here are four ways companies and CEOs benefit from a robust savings strategy.

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