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Accounting

Do I need quickbooks?

QUESTION | BY Mike Seaman | 26 ANSWERS | LAST ACTIVITY ON 01/22/20

Or is excel enough for generating simple invoices and basic accounting?

Are You Eligible for the Qualified Business Income Deduction?

BY Dennis O’Keefe

Taking advantage of this new tax deduction could save pass-through business owners a significant amount of money each year.

What is the easiest accounting software to learn when just starting out?

QUESTION | BY Brett Strickler | 31 ANSWERS | LAST ACTIVITY ON 01/19/20

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?

The Best Construction Estimating Software of 2020

BY Joshua Stowers

Looking for the best construction software? We have easy-to-read, expert unbiased reviews, and feature comparisons of the best and cheapest programs.

Do I need to charge/pay sales tax or VAT when my LLC gets donations?

QUESTION | BY Max Stone | 0 ANSWERS | LAST ACTIVITY ON 01/16/20

I was wondering whether I need to pay any form of sales tax or VAT (or similar taxes in other countries different from the US or EU) when someone makes a contribution. My LLC is a normal...

What is the proper way to calculate COGS for a retail organic grocer?

QUESTION | BY Dan Breneman | 1 ANSWERS | LAST ACTIVITY ON 01/13/20

I am working as a consultant for a retail organic grocery that is confusing me regarding their calculations for COGS. One of the owners, an 83-year old that has an extensive grocery background is...

Any recommendations on expense and cash flow management systems for sole proprietors?

QUESTION | BY Deb Thompson | 1 ANSWERS | LAST ACTIVITY ON 01/02/20

I am a sole proprietor with an online business and no employees. Are there any free or low cost expense and cash management systems available?

The Best Accounting and Invoicing Generating Software

BY Lori Fairbanks

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

The Best Online Payroll Services of 2020

BY Simone R. Johnson

Our team has compared the best online payroll services for 2020. See up-to-date reviews and costs for the top services.

The Best Credit Card Processors of 2020

BY Lori Fairbanks

After months of analysis (including evaluating 85 credit card processors), these are the best credit card processing companies for 2020. See up-to-date comparisons, reviews and fees for the top-rated...

The Pros and Cons of Hiring a Bookkeeper

BY Derek Gallimore

In-house bookkeepers, freelancers and outsourced partners all have pros and cons. The best choice depends on the level of service your business requires.

What Small Business Owners Should Know About Direct Deposit

BY Simone R. Johnson

Learn about the pros and cons of using direct deposit payroll services.

A Guide to Payroll Forms

BY Simone R. Johnson

Find out which payroll forms your small business needs.

Need a suggestion for accounting software for landscaping business?

QUESTION | BY Annmarie Long | 18 ANSWERS | LAST ACTIVITY ON 12/03/19

Just getting ready to set up books and records and am looking for cloud based solution that will handle contract accounting . What are people using?

What are my obligations to my partner after dissolving our LLC?

QUESTION | BY Eric Lund | 0 ANSWERS | LAST ACTIVITY ON 12/03/19

I own 80% of my LLC. My associate (20%) put forth an initial investment of $10,000. Since the initial investment, they have put an additional $7,000 into the business. They have been making some...

What are the duties of a tax accountant?

QUESTION | BY Sofhia Thomas | 10 ANSWERS | LAST ACTIVITY ON 12/01/19

I am planning to get a tax accountant to manage my company's taxes. I am curious about knowing what the major duties or roles of a tax accountant are.

Understanding Stripe Credit Card Processing Fees

BY Adam C. Uzialko

With Stripe, you can accept credit and debit card payments. Here's a breakdown of the fees you can expect to pay with Stripe.

What Every Good Credit Application Should Include

BY Dean Kaplan

Learn how a credit application can help you screen new clients and protect your cashflow.

What were the industry challenges for accounting leaders in 2019?

QUESTION | BY Telsea Greene | 1 ANSWERS | LAST ACTIVITY ON 11/14/19

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...

8 Accounting Tips All Small Businesses Should Know

BY Rashan Dixon

Even if it isn't your forte, you still need to know the basics of accounting to ensure your business is being run right.