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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
What Are Assets in Accounting?
By Sean Peek | June 10, 2021

Understanding assets in accounting can help businesses obtain both short- and long-term financial goals.

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The Best Accounting and Invoice-Generating Software for 2021
By Donna Fuscaldo | June 04, 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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The Best Credit Card Processors of 2021
By Donna Fuscaldo | June 02, 2021

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

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The Best Online Payroll Services of 2021
By Chad Brooks | May 11, 2021

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

Article
How to Reconcile a Business Bank Account
By Dock David Treece | May 05, 2021

Reconciling a business bank account means to ensure your books align with your bank statements. Here's how to reconcile your business bank account.

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How Financial Robotic Process Automation Saves Money
By Eduardo Vasconcellos | May 04, 2021

RPA can save your business time and money with error-free results. Learn how you can harness the power of automation to do more with less and make your business the best.

Article
K-1s and How They Are Used
By Max Freedman | May 03, 2021

Schedule K-1 forms separate business income from personal income and are especially important for partnerships.

Article
What Is a Discretionary Bonus?
By David Gargaro | April 23, 2021

If you decide to offer compensation beyond employees' agreed-upon salary or wages, it's important to understand the tax implications and regulations of doing so.

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Article
Guide to Employee Bonuses
By David Gargaro | April 23, 2021

Offering employees bonuses is a good workplace incentive and retention tool, but there are many things you should know before implementing a bonus structure.

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A Guide to Accounting Software Features and Benefits
By Donna Fuscaldo | April 09, 2021

Accounting software helps you record the flow of your company's money and examine your financial condition.

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What Are Liabilities in Accounting?
By Dock David Treece | April 02, 2021

Knowing the money you owe to others, often referred to as liabilities, is an important part of keeping accurate financial records.

Article
Overhead Cost and How to Calculate It
By Dock David Treece | April 01, 2021

In order to understand whether your business will make or lose money, you need to know what your overhead expenses are.

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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.

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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.

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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.

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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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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.

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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.