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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 Credit Card Processors of 2021
By Business.com Editorial Staff | March 05, 2021

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

Advice
What is the easiest accounting software to learn when just starting out?
By Brett Strickler | 44 Answers | Last Activity on March 03, 2021

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?

Advice
How is Blockchain used in accounting?
By Telsea Greene | 8 Answers | Last Activity on March 01, 2021

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...

Advice
What are the best practices for maintaining books and records?
By Bryan C. | 16 Answers | Last Activity on February 26, 2021

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...

Category
The Best Online Payroll Services of 2021
By Chad Brooks | February 22, 2021

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

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 February 18, 2021

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...

Advice
How will charitable contributions (on behalf of my business) impact my business's taxes?
By Colette Hamilton | 8 Answers | Last Activity on February 15, 2021

Which types of charities can we donate to that will also allow us to receive a deduction? Are there certain types of businesses that are not eligible for this type of deduction? Are we also eligible...

Article
Adding Value: 10 Bookkeeping Systems Small Business Owners Can Use
By Scott Gerber | February 12, 2021

Accounting software is critical to virtually every business. These 10 bookkeeping tools are recommended by small business owners for their ease of use, versatility and effectiveness.

Category
The Best Accounting and Invoice-Generating Software
By Simone Johnson | February 09, 2021

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

Article
Everything You Need to Know About the Income Statement
By Donna Fuscaldo | February 02, 2021

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

Article
Self-Employed Guide to Tax Benefits and Deductions
By Andrew Martins | February 02, 2021

Taxes can be difficult to navigate, but it's well worth the effort. To help you maximize the deductions and benefits you're entitled to, we've put together this list of self-employed tax deductions.

Article
2021: The Year to Catch Up on Your Business Finances
By Lil Roberts | January 29, 2021

Bookkeeping isn't the most compelling aspect of running your business, and 2020 might have put you further behind. Here's how to make good accounting habits and stay on top of your finances this year.

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Article
Everything You Need to Know About the Statement of Shareholder Equity
By Donna Fuscaldo | January 29, 2021

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

Advice
What are some tax write-offs for the self employed?
By Anonymous User | 9 Answers | Last Activity on January 29, 2021

I work part time for a startup and our team is only two people. My boss pays me from his personal expense account so there is no taxes taken out. What should I file and what tax write-offs should I...

Advice
What are the duties of a tax accountant?
By Sofhia Thomas | 13 Answers | Last Activity on January 29, 2021

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.

Article
19 Tips to Avoid a Tax Audit of Your Small Business Return
By Andrew Martins | January 26, 2021

Getting audited by the IRS can be a stressful and, ultimately, costly event. To help avoid that scenario, we've collected 19 tips to avoid being targeted by the IRS.

Advice
When is CAGR important to marketing?
By Gerald Richards | 4 Answers | Last Activity on January 25, 2021

I am delivering a financial program to the marketing department for a client. The financial accountant wanted CAGR included in the program, which I did. While both the financial accountant and I can...

Advice
How do you determine the best accounting and payroll software for an early startup business?
By Vaibhav Devaansh | 9 Answers | Last Activity on January 25, 2021

How do you choose the best accounting and payroll software for a business in the early startup stage? I am looking for a software that is free and easily manageable.

Advice
What is the best way to keep records as a real estate agent?
By John Vogele | 5 Answers | Last Activity on January 24, 2021

My wife used to work with web design for years. She enjoyed working with clients. So she is now a licensed real estate agent in rural Montana. I am charged with setting up a record-keeping system,...

Article
What Is the IRS Mileage Deduction?
By Andrew Martins | January 21, 2021

If your employees use a business car or travel around in their own vehicle for work, you need to know how to track and manage the mileage tax deduction.

Article
SBA Loan Default? 9 Ways to Turn Your Business Around
By Jason Milleisen | January 21, 2021

Here are nine suggestions to help you turn around your business if you're struggling with SBA loan default.

Article
How Double-Entry Accounting Works
By Max Freedman | January 20, 2021

Using double-entry accounting can provide a complete picture of your business's finance at any given moment.

Article
Hitting the Books: A Guide to Retail Accounting
By Jill Bowers | January 14, 2021

Methods of calculating and tracking your inventory

Article
The Pros and Cons of Borrowing From Your 401(k) Plan
By John Riddle | January 13, 2021

You can borrow from your 401(k), but is it the best solution to your money problems?

Article
Is Your Small Business Achieving Profitable Growth?
By Emil Abedian | January 12, 2021

Here's how to understand if your business's growth is profitable.

Article
11 Accounting Tips All Small Businesses Should Know
By Rashan Dixon | January 12, 2021

Even if it isn't your forte, you still need to know the basics of accounting to ensure your business is being run right. Here are 11 accounting tips all small business owners should follow.

Article
9 Ways to Take the Pain out of Your Bookkeeping
By Micah Fraim | January 08, 2021

Your business's books don't have to be such an annoyance.

Article
10 Money-Saving Strategies for Small Businesses
By Vector Moranov | January 08, 2021

Knowing how to save money when running a small business is essential if you want to be profitable or expand. Simple choices such as using certain instruments, software apps or automated tasks can...

Article
What Government Loans Are Available to Entrepreneurs?
By Adam Uzialko | December 31, 2020

The SBA and USDA offer loans to assist entrepreneurs and business owners who need funding.