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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

Review
FreshBooks Accounting Software Review
By business.com editorial staff | August 15, 2022

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

Article
How Small Businesses Can Budget for a Tumultuous Year
By Donna Fuscaldo | August 15, 2022

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

Article
What Is a Profit and Loss Statement?
By Jamie Johnson | August 15, 2022

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.

Article
What Is General Ledger Accounting?
By Jamie Johnson | August 15, 2022

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.

Article
A Nonprofit’s Guide to Accounting
By Katharine Paljug | August 10, 2022

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

Article
How FinTech Is Changing Business (and Bank Accounts)
By Ryne Landers | August 10, 2022

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

Review
Oracle NetSuite Accounting Software Review
By Chad Brooks | August 09, 2022

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.

Category
Expense Tracking Services Buying Guide
By business.com editorial staff | August 08, 2022

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.

Article
How to Hire the Right Accountant for Your Business
By Simone Johnson | August 02, 2022

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.

Article
LIFO vs. FIFO: Which Is the Best Option for Your Business?
By Jamie Johnson | August 02, 2022

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

Article
Financial Tracking 101: Best Implementation Practices and Best Tools
By Donna Fuscaldo | August 02, 2022

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

Article
Guide to Employee Bonuses
By David Gargaro | August 02, 2022

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

Article
Dollars & Sense: How to Build an Accounting System for Startups
By Chad Brooks | August 02, 2022

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.

Article
What Is a Discretionary Bonus?
By David Gargaro | August 02, 2022

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

Article
9 Things to Look for in a Business Checking Account
By Meredith Wood | August 02, 2022

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

Article
How to Reconcile a Business Bank Account
By Dock David Treece | August 02, 2022

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.

Article
2021: The Year to Catch Up on Your Business Finances
By Lil Roberts | August 02, 2022

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

Article
K-1s and How They Are Used
By Max Freedman | August 02, 2022

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

Article
Fixed and Variable Expenses: What Do These Terms Mean?
By Sammi Caramela | August 02, 2022

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

Article
Bonus Depreciation: A Small Business Guide
By Kaylyn McKenna | August 02, 2022

Learn how bonus depreciation can reduce your tax liability.

Article
What Is an Audited Financial Statement?
By Max Freedman | August 02, 2022

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

Article
How AI and Automation Technology Can Help Accountants
By Chad Brooks | August 02, 2022

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

Article
Accounting Ratios: What They Are and Why They Matter to Small Business
By Erica Sandberg | August 02, 2022

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.

Article
Disaster Loans: How to Qualify for PPP and EIDL Forgiveness
By Mike Savage | August 02, 2022

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.

Article
Retail Accounting: What You Need to Know About Inventory
By Chad Brooks | August 02, 2022

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

Article
Everything You Need to Know About the Statement of Shareholder Equity
By Donna Fuscaldo | August 02, 2022

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.

Article
PayPal 1099: How to Report Self-Employment Income to the IRS
By Jamie Johnson | August 02, 2022

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

Article
Which Is Better: Cash- or Accrual-Based Business Accounting?
By Sean Peek | August 02, 2022

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

Article
Why Every Company Should Have a Business Savings Account
By Ken Gosnell | August 02, 2022

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

Category
The Best Accounting and Invoice-Generating Software for 2022
By Mike Berner | August 01, 2022

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