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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

Article
Which Is Better: Cash- or Accrual-Based Business Accounting?
By Sean Peek | December 05, 2024

Cash- and accrual-based business accounting are analysis methods for determining a business's financial health. Learn which is right for your business.

Article
Financial Tracking 101: Top Implementation Practices and Best Tools
By Donna Fuscaldo | December 05, 2024

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

Article
How to Reconcile a Business Bank Account
By Dock David Treece | December 04, 2024

Learn how to reconcile your business’s bank account by comparing your recorded transactions to the bank statements. Then, you can follow up on any errors.

Article
How to Improve Your Accounting Skills
By Jennifer Dublino | December 03, 2024

Mathematical skills can determine financial success. Whether or not it comes naturally, here are tips to sharpen your ability.

Article
How to Hire the Right Accountant for Your Business
By Mike Berner | November 26, 2024

An accountant can add financial balance to your life. But how do you pick the right accountant for your business? Here are our tips.

Article
K-1s and How They Are Used
By Jennifer Dublino | November 18, 2024

Partnerships use schedule K-1 tax forms to avoid tax penalties by distinguishing business income and personal income.

hands punching numbers on a calculator
Article
Why Every Company Should Have a Business Savings Account
By Jamie Johnson | November 13, 2024

Learn why it makes fiscal sense for your company to have a dedicated business savings account.

Article
Everything You Need to Know About Cash Flow Statements
By Jennifer Dublino | November 12, 2024

Learn why cash flow statements are a vital part of financial tracking and many financial activities.

Businesswoman looking at a line chart on a computer screen
Article
What Is a Profit and Loss Statement?
By Jamie Johnson | October 30, 2024

A profit and loss statement summarizes a business’s revenue and expenses. Learn how to use a profit and loss statement to understand your business better.

person punching numbers on a calculator
Article
Revenue vs. Income: What’s the Difference?
By Dock David Treece | October 30, 2024

Learn how the relationship between revenue and income affects your business and its value.

Article
A Guide to Accounting Software Features and Benefits
By Donna Fuscaldo | October 24, 2024

Here's everything you need to know about accounting software and the benefits of using it.

Article
11 Accounting Tips All Small Businesses Should Know
By Rashan Dixon | October 22, 2024

Even if accounting isn't your forte, it's important to understand accounting basics to run your business. Learn 11 tips for small business accounting.

Best Pick
The Best Accounting and Invoice-Generating Software for 2024
By Mike Berner | October 15, 2024

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

Best Pick
The Best Accounting Software for Restaurants in 2024
By Mike Berner | October 14, 2024

This article reviews the best accounting and invoicing software providers for restaurants.

Article
PayPal 1099: How to Report Self-Employment Income to the IRS
By Jamie Johnson | October 05, 2024

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

Article
A Nonprofit’s Guide to Accounting
By Katharine Paljug | July 31, 2024

Nonprofit organizations have specific accounting regulations and requirements. Learn what nonprofits need to know about accounting.

Article
Financial Accounting: What You Need to Know
By Dock David Treece | July 30, 2024

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Article
Restaurant Accounting: How It’s Different
By Dock David Treece | July 16, 2024

Restaurant accounting has specific needs and features. Here's a look at restaurant accounting methods and expenses, how tips factor in, and more.

Review
Xero Accounting Software Review and Pricing
By Mike Berner | July 09, 2024

Xero is a reasonably priced accounting software package with excellent integrations and an intuitive user interface. Learn why Xero is our top pick for growing companies.

Quickbooks logo
Review
QuickBooks Online Review and Pricing
By Mike Berner | June 27, 2024

QuickBooks Online is an excellent small business accounting package. Learn about QuickBooks Online's features, like automation, security and integrations.

Article
The Difference Between an Accountant and a Bookkeeper (and Why You Need Both)
By Dachondra Cason | June 26, 2024

Understanding the distinction between accountants and bookkeepers can save your business a lot of money.

Article
How Fintech Is Changing Business (and Bank Accounts)
By Mark Fairlie | June 24, 2024

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

Accountant using a calculator
Article
QuickBooks vs. Xero Comparison
By Mike Berner | May 29, 2024

QuickBooks and Xero are two of the most popular accounting software choices for small businesses. Here is how they compare.

Accountant using a calculator
Article
FreshBooks vs. Xero Comparison
By Mike Berner | May 23, 2024

FreshBooks and Xero are two top accounting software programs for small businesses. Here’s how they compare.

person using a calculator to do accounting
Article
FreshBooks vs. QuickBooks Comparison
By Mike Berner | May 23, 2024

FreshBooks and QuickBooks are two of the best accounting software programs for small businesses. Here’s how they compare.

Article
10 QuickBooks Alternatives to Consider
By Jamie Johnson | May 07, 2024

Here are 10 alternatives to QuickBooks that could be better for your business.

Article
7 Accounting Mistakes That Cost Small Businesses Significant Growth
By Jamie Johnson | April 22, 2024

Minor small business accounting errors can have a significant effect on your business's finances. Learn the most common accounting mistakes to avoid.

Article
How to Start Budget Planning for Your Business
By Sean Peek | April 11, 2024

Business owners need budgets to help them manage money and meet financial goals. Learn how and why to start budget planning for your business.

Article
The Top Accounting Challenges Small Businesses Face
By Alika Cooper | April 10, 2024

Accounting challenges don't have to break your company. Here's how to overcome them.

NetSuite logo
Review
NetSuite Accounting Software Review and Pricing
By Mike Berner | April 10, 2024

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.