Product and service reviews are conducted independently by our editorial team, but we sometimes make money when you click on links. Learn more.

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

Advice
Can gambling losses be deducted on a tax return?
By irina butorina | 7 Answers | Last Activity on November 30, 2020

What are the rules for deducting gambling losses and what receipts or documents do I need to support any losses? Also, what out of pocket expenses can I deduct? I am only interested in the rules for...

Advice
What is the apt accounting software for start-ups?
By Sofhia Thomas | 12 Answers | Last Activity on November 25, 2020

I want to know an apt accounting software that can be employed by a start-up concern. By this, I mean a software that includes all the mandatory features and is at a reasonable rate.

Advice
What is the easiest accounting software to learn when just starting out?
By Brett Strickler | 46 Answers | Last Activity on November 20, 2020

I know a lot of people use Quickbooks. Is this the best accounting software for new businesses? Is there something else easier, more cost effective or should I go with what seems to be widely used?

Article
Why Small Business Owners Should Think About Taxes Year-Round
By Sean Peek | November 18, 2020

Tax season can be a very stressful time, but by folding tax planning into your business strategy, you can quickly and efficiently process your taxes.

Category
The Best Online Payroll Services of 2021
By Chad Brooks | November 13, 2020

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

Category
The Best Credit Card Processors of 2021
By Lori Fairbanks | November 12, 2020

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

Advice
How is a limited liability company (LLC) taxed?
By Skye Schooley | 4 Answers | Last Activity on November 09, 2020

What are the different types of taxes an LLC has to pay (e.g. income, state, federal, expenses, etc.)? What are the tax advantages of a filing taxes as an LLC, as opposed to an S-corp or C-corp?

Article
Disaster Loans: How to Qualify for PPP and EIDL Forgiveness
By Mike Savage | November 06, 2020

More than 5 million businesses have received COVID relief funds. It's important to keep loan forgiveness in mind from the moment you receive your funds to avoid unforeseen costs.

Advice
As a small business, is it better to save money and do my taxes myself or hire a professional?
By Corey Miner | 72 Answers | Last Activity on November 06, 2020

This is my first year owning my own business. I've always done my own personal taxes but I have no experience filing taxes as an owner to a new business. We have hired several employees that I have...

Sponsored Advertisement
GPS Fleet Tracking and Management
GPS Fleet Tracking and Management
Qualcomm, the leader in Fleet Telematics has introduced the MCP50 for fleet sizes 25-200. Reduce fuel and operational costs, improve fleet performance and safety, and get FMCSA compliant. Sign-up and watch free online demo!
Category
The Best Accounting and Invoice-Generating Software
By Simone Johnson | November 04, 2020

Our team has compared the best accounting software for 2020. See up-to-date comparisons, reviews and costs for the top-rated accounting programs.

Advice
How is Blockchain used in accounting?
By Telsea Greene | 9 Answers | Last Activity on November 03, 2020

I?m putting together a massive financial professional round-up post. If you have just a few minutes to answer this question, it will provide some great exposure for you and your brand. Here is my...

Article
Time Is Running Out for SMB Owners Impacted by 2018-19 Natural Disasters to Claim Federal Income Tax Credits
By Jason Fry | October 29, 2020

Businesses in 19 states could be eligible for the Employee Retention Credit (ERC), which was designed to help businesses recover the cost of retaining employees during a natural disaster.

Advice
What are the best practices for maintaining books and records?
By Bryan C. | 16 Answers | Last Activity on October 29, 2020

I have been working on a startup on the side and am incurring expenses. I have not set up any accounting software or record books and realize I need to start. I don't have a lot of expenses so...

Article
How to Increase Your Small Business Market Share
By Joshua Stowers | October 28, 2020

Looking to increase your small business market share? Find out how to calculate and improve your share of the market.

Article
Which Business Credit Card Fees Are Tax-Deductible?
By Dock David Treece | October 14, 2020

Can you deduct that credit card fee? Find out which credit card fees are tax-deductible.

Advice
What are the best practices for invoicing clients and collecting on payments faster?
By JR Rochester | 3 Answers | Last Activity on October 02, 2020

I offer b2b services and had several questions about invoicing. -How soon is too soon to expect payment of invoices? Are 7 days too quick? -How often do you reach out if the invoice isn't paid...

Article
Fixed and Variable Expenses: What Do These Terms Mean?
By Sammi Caramela | September 29, 2020

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

Article
What Are Cash Flow Statements?
By Simone Johnson | September 23, 2020

Cash flow statements break down the financial status of your company to show the money flowing in and out.

Advice
What affordable accounting services are startups using?
By Irina Mladenova | 13 Answers | Last Activity on September 22, 2020
Advice
what are the ways to find the cheapest accounting services in the UK?
By Ghulam Mustafa | 7 Answers | Last Activity on September 14, 2020

I just want to learn ways to explore the accounting industry and how small and medium-sized businesses can take advantage of cost-effective accounting services.

Article
How Is a Cash Flow Statement Prepared?
By Simone Johnson | September 11, 2020

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

Article
Everything You Need to Know About the Statement of Shareholder Equity
By Donna Fuscaldo | September 11, 2020

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

Article
How to Hire the Right Accountant for Your Business
By Simone Johnson | September 10, 2020

Picking the right accountant is important for your business's financial future. Here's what you should check for when hiring an accountant.

Article
Everything You Need to Know About the Income Statement
By Donna Fuscaldo | September 08, 2020

The income statement, which tracks your revenue after expenses, paints a picture of how your business is performing over a period of time.

Article
Everything You Need to Know About the Balance Sheet
By Donna Fuscaldo | September 03, 2020

The balance sheet is one of the three most important financial statements for business owners, and includes assets, liabilities and shareholder equity.

Article
Financial Tracking 101: Best Implementation Practices and Best Tools
By Donna Fuscaldo | September 02, 2020

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
How to Calculate Loan Payments
By Adam Uzialko | August 31, 2020

When you're considering accepting a business loan, it's important to develop a repayment plan. Here's how to calculate loan payments.

Advice
How do you run a successful accounting practice?
By Telsea Greene | 3 Answers | Last Activity on August 25, 2020

I?m putting together a massive financial professional round-up post. If you have just a few minutes to answer this question, it will provide some great exposure for you and your brand. Here is my...

Article
A Guide to Payroll Forms
By Simone Johnson | August 24, 2020

Find out which payroll forms your small business needs.