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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

Review
NetSuite Accounting Software Review and Pricing
By Chad Brooks | September 13, 2023

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.

Review
Plooto Review
By Mike Berner | September 13, 2023
Article
K-1s and How They Are Used
By Jennifer Dublino | August 22, 2023

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

Article
11 Accounting Tips All Small Businesses Should Know
By Rashan Dixon | August 10, 2023

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.

Article
The Difference Between an Accountant and a Bookkeeper (and Why You Need Both)
By Dachondra Cason | July 31, 2023

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

Article
Financial Accounting
By Dock David Treece | July 31, 2023

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

Article
How to Choose the Right Accounting Software for Your Business
By Jamie Johnson | July 31, 2023

Accounting software helps you stay on top of taxes, manage critical financial data, and pay employees. Here's how to choose the right accounting software.

Article
Wave Accounting Software Alternatives
By Jamie Johnson | July 31, 2023

Wave is a good option for accounting software, but it has certain limitations. Consider seven Wave alternatives that can grow with your business.

Article
Accounts Payable vs. Accounts Receivable: What You Need to Know
By Jamie Johnson | July 31, 2023

Accounts payable is money your business owes, and accounts receivable is money owed to you. Learn how accounts payable and accounts receivable differ.

Article
What Is GAAP? A Guide to Generally Accepted Accounting Principles
By Jamie Johnson | July 31, 2023

Generally Accepted Accounting Principles (GAAP) ensure accurate financial reporting and help investors make informed choices. Learn GAAP's rules.

Article
5 FreshBooks Alternatives
By Dachondra Cason | July 31, 2023

While FreshBooks is popular accounting software, others might work better for your company. Learn about some alternatives.

Article
QuickBooks Alternatives to Consider
By Jamie Johnson | July 31, 2023

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

Article
Financial Tracking 101: Best Implementation Practices and Best Tools
By Donna Fuscaldo | July 14, 2023

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

Businesswoman looking at a line chart on a computer screen
Article
What Is a Profit and Loss Statement?
By Jamie Johnson | April 19, 2023

A profit and loss statement (P&L) details a company's revenue and expenses. Learn how to create and read a P&L to grasp your business's health.

Article
7 Accounting Mistakes That Cost Small Businesses Significant Growth
By Jamie Johnson | April 13, 2023

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 Process Accounts Receivable: A Step-by-Step Guide
By Jamie Johnson | April 13, 2023

The accounts receivable (AR) process helps businesses monitor incoming payments from customers. Learn how to create an effective AR process today.

Article
Accounting Cycle 101
By Dachondra Cason | April 10, 2023

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
The Role of a Strong Accounting and Finance Team in Seeking Capital
By Matthew G. | March 31, 2023

You may be tempted to neglect the accounting side of your business, but you might also be hurting your access to capital.

Article
Which Is Better: Cash- or Accrual-Based Business Accounting?
By Sean Peek | March 23, 2023

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

Article
A Nonprofit’s Guide to Accounting
By Katharine Paljug | March 23, 2023

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

Accountant using a calculator
Article
Accounting Ratios: What They Are and Why They Matter to Small Business
By Erica Sandberg | March 09, 2023

Accounting ratios can give you a good look at your business's financial status. Learn more about the key ratios to pay attention to for your business.

Article
How FinTech Is Changing Business (and Bank Accounts)
By Ryne Landers | March 09, 2023

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

Article
Restaurant Accounting: How It’s Different
By Dock David Treece | February 21, 2023

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

Article
How AI and Automation Technology Can Help Accountants
By Jamie Johnson | February 21, 2023

Artificial intelligence and automation are changing accounting. Learn how to mix accounting, AI and automation for a balance of brainpower and technology.

Article
How to Start Budget Planning for Your Business
By Sean Peek | February 21, 2023

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
How to Create a Business Budget, With Free Budget Template
By Jamie Johnson | February 21, 2023

Need a free business budget template download? Get it here and learn how to use it to track your monthly and annual business revenue and expenses.

Article
Everything You Need to Know About the Statement of Shareholder Equity
By Donna Fuscaldo | February 21, 2023

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
Revenue vs. Income: What’s the Difference?
By Dock David Treece | February 21, 2023

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