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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
How to Choose the Right Accounting Software for Your Business
By Jamie Johnson | April 09, 2024

The best accounting software makes it easy for a business to track expenses, send invoices and collaborate with their accountant. Here’s what to consider.

Article
The Complete Guide to Accounts Payable Reporting
By Jamie Johnson | April 09, 2024

An accounts payable reporting process ensures accurate financial data and on-time bill payments. Learn about accounts payable reporting and report types.

Article
A Guide to Accounting Software Features and Benefits
By Donna Fuscaldo | April 09, 2024

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

Article
What Is an Accounts Payable Process?
By Jamie Johnson | April 04, 2024

An efficient accounts payable process ensures that your vendors are paid on time and reduces the likelihood of human error. Learn how to set up an AP process.

Review
Rippling Payroll Review and Pricing
By Jessica Elliott | April 04, 2024

Rippling's platform has hundreds of integrations and a user-friendly workflow builder. Learn why it's the best payroll system for automating processes.

Article
Everything You Need to Know About the Statement of Shareholder Equity
By Donna Fuscaldo | March 25, 2024

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
Accounting Cycle 101
By Dachondra Cason | March 11, 2024

The accounting cycle tracks a transaction until it's added to your company's financial statement. Follow this eight-step process to organize the data.

Article
Is It Time to Hire a CPA?
By Max Freedman | March 08, 2024

Knowing when to hire a CPA can have a dramatic impact on your business's financial health. Find out all of your tax options here.

person punching numbers on a calculator
Article
Revenue vs. Income: What’s the Difference?
By Dock David Treece | February 16, 2024

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

Article
Everything You Need to Know About Cash Flow Statements
By Jennifer Dublino | February 14, 2024

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

Article
K-1s and How They Are Used
By Jennifer Dublino | February 14, 2024

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

Article
How to Reconcile a Business Bank Account
By Dock David Treece | February 14, 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 Hire the Right Accountant for Your Business
By Mike Berner | February 14, 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
The Role of a Strong Accounting and Finance Team in Seeking Capital
By Jennifer Dublino | February 14, 2024

To achieve financial goals you might need a top-notch finance department. Learn how your company can become more competitive.

Article
How to Process Accounts Receivable: A Step-by-Step Guide
By Jamie Johnson | February 05, 2024

Learn how the accounts receivable process works and how accounting software can streamline your business’s ability to track and collect money owed.

Article
Financial Tracking 101: Best Implementation Practices and Best Tools
By Donna Fuscaldo | February 02, 2024

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

Article
Fixed and Variable Expenses: What Do These Terms Mean?
By Sammi Caramela | January 17, 2024

Find out the definitions and see examples of fixed, variable and mixed expenses. Read on to learn how to save on these costs.

Article
How to Create Payroll Journal Entries
By Max Freedman | January 05, 2024

Successful businesses must stay on top of their accounting. Learn how to use payroll journal entries to track wages and other financial data.

Article
Guide to Employee Bonuses
By David Gargaro | January 04, 2024

Employee bonuses are any compensation paid in excess of an employee's base salary or hourly wage. Learn how to structure and implement employee bonuses.

Businesswoman looking at a line chart on a computer screen
Article
What Is a Profit and Loss Statement?
By Jamie Johnson | December 07, 2023

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.

Article
What Is General Ledger Accounting?
By Jamie Johnson | November 30, 2023

Maintaining a general ledger helps you gauge a business's financial health and avoid accounting mistakes. Learn what a general ledger is and how it works.

Review
ZarMoney Review
By Mike Berner | November 08, 2023

ZarMoney is a standout accounting solution with simple pricing and robust integrations. Learn why it's the best accounting software for report generation.

hands punching numbers on a calculator
Article
Why Every Company Should Have a Business Savings Account
By Jamie Johnson | November 06, 2023

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

Article
How to Choose and Open a Business Checking Account
By Meredith Wood | November 02, 2023

Creating a new company banking account is important so you want to do your research. Here are three steps to opening your business checking account.

Article
What Is an Audited Financial Statement?
By Max Freedman | October 30, 2023

Learn what an audited financial statement is, why your business might need one, and how unaudited accounting reports differ.

person opening a paycheck
Article
What Is a Discretionary Bonus?
By David Gargaro | October 13, 2023

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

Article
PayPal 1099: How to Report Self-Employment Income to the IRS
By Jamie Johnson | October 05, 2023

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