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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

Category
The Best Online Payroll Services of 2021
By Chad Brooks | December 06, 2021

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

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How to Accept Credit Card Payments Using Your Phone
By Simone Johnson | December 03, 2021

Accepting credit card payments with your phone is an easy, inexpensive way to get paid.

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The Top Accounting Challenges Small Businesses Face
By Alika Cooper | December 02, 2021

Small business owners face a number of challenges every day, and accounting is a big one. Here's how to stay on top of your finances as an entrepreneur.

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The Best Accounting and Invoice-Generating Software for 2021
By Donna Fuscaldo | December 02, 2021

Our team has compared the best accounting software for 2021. See up-to-date comparisons, reviews and costs for the top-rated accounting programs.

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LIFO vs. FIFO: Which Is the Best Option for Your Business?
By Jamie Johnson | December 01, 2021

Discover which inventory-tracking system is better for your business, FIFO or LIFO.

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5 FreshBooks Alternatives
By Dachondra Cason | December 01, 2021

While FreshBooks is popular accounting software, it might not be the best option for your company. Learn about alternatives that might be more appropriate for your business.

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Expense Tracking Services Buying Guide
By Kayla Harrison | November 23, 2021

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.

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How to Process Accounts Receivable: A Step-by-Step Guide
By Jamie Johnson | November 17, 2021

Learn why offering credit helps your bottom line and how to manage customer payments.

Category
The Best Credit Card Processors of 2021
By Donna Fuscaldo | November 12, 2021

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

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What Is GAAP? A Guide to Generally Accepted Accounting Principles
By Jamie Johnson | November 09, 2021

Generally Accepted Accounting Principles (GAAP) are a set of rules used for financial reporting in the U.S. Learn more about GAAP standards and why they matter for U.S. companies.

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Accounts Payable vs. Accounts Receivable: What You Need to Know
By Jamie Johnson | November 09, 2021

Accounts receivable is the money your business brings in, while accounts payable is the money your business owes its suppliers and vendors.

Article
Wave Accounting Software Alternatives
By Jamie Johnson | November 09, 2021

Looking for an alternative to Wave accounting software? These seven Wave alternatives include project management and time-tracking features.

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Article
How to Create a Business Budget, With Free Budget Template
By Jamie Johnson | November 03, 2021

Business budgets are necessary for keeping a finger on the pulse of your business's financial health. Download our free business budget template and learn how to use it.

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The Complete Guide to Accounts Payable Reporting
By Jamie Johnson | October 15, 2021

Accounts payable reporting involves tracking and recording business transactions. These reports ensure a company's financial data is accurate and up to date.

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PayPal 1099: How to Report Self-Employment Income to the IRS
By Jamie Johnson | October 12, 2021

If you earn money from selling products or services through a third-party provider, like PayPal, you must report that money to the IRS. Learn how to fill out a PayPal 1099.

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How to Choose the Best Retail POS System for Your Business
By Skye Schooley | October 12, 2021

Learn what features to look for when choosing the best retail POS system for your company.

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What Is General Ledger Accounting?
By Jamie Johnson | October 11, 2021

A general ledger is a record of a company's financial transactions that gives you insight into your company's financial health. Learn what a general ledger is and why you need one.

Article
What Is an Accounts Payable Process?
By Jamie Johnson | October 11, 2021

Processing your accounts payable is a vital part of running a business. Here's what you need to know about setting up a timely and accurate accounts payable process.

Article
How to Choose the Right Accounting Software for Your Business
By Jamie Johnson | October 11, 2021

The right software will help you track critical financial data in your business, stay on top of your taxes, and pay your employees on time.

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What Is a Profit and Loss Statement?
By Jamie Johnson | October 06, 2021

A profit and loss (P&L) statement summarizes a company's revenue, expenses, and profits or losses over a given period of time. Learn what a P&L statement is and why you need one.

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What Are Retained Earnings?
By Dock David Treece | September 30, 2021

Retained earnings are the funds remaining from a company's net income after all profit distributions are paid to shareholders. Learn how to calculate, track and use retained earnings.

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Revenue vs. Income: What's the Difference?
By Dock David Treece | September 30, 2021

When you understand the relationship between revenue and income, you'll have a better grasp of company expenses and your overall business value.

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Financial Accounting
By Dock David Treece | September 30, 2021

Financial accounting is documenting your business's finances, often with the help of software. Here's what every business owner needs to know about how financial accounting works.

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Restaurant Accounting: How It's Different
By Dock David Treece | September 30, 2021

Restaurants have their own special accounting needs and quirks. Here's a look at what sets restaurant accounting apart.

Article
How Much Do Payroll Services Cost?
By Sean Peek | September 24, 2021

Find out how much it costs to use a payroll company and how it compares to having a CPA run payroll for you.

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How to Create Payroll Journal Entries
By Max Freedman | September 21, 2021

Making proper payroll journal entries is a task with which all small business owners should be familiar.

Article
A Guide to Payroll Forms
By Simone Johnson | September 14, 2021

Employers are required to submit multiple payroll forms to the IRS. Be sure you're filing the right forms correctly to avoid costly fines.

Article
Everything You Need to Know About Cash Flow Statements
By Mona Bushnell | September 02, 2021

Find out what makes up a cash flow statement and why it's important for your business.

Article
How to Improve Your Accounting Skills
By Sean Peek | August 31, 2021

Modern accounting requires both hard and soft skills, and businesses want accountants with the most up-to-date skill sets.