business.com receives compensation from some of the companies listed on this page. Advertising Disclosure

Home

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 Is a Profit and Loss Statement?
By Jamie Johnson | October 06, 2021

A profit and loss (P&L) statement summarizes a company's revenue, expenses, and profits or losses over a given period of time. Learn what a P&L statement is and why you need one.

Article
What Are Retained Earnings?
By Dock David Treece | September 30, 2021

Retained earnings are the funds remaining from a company's net income after all profit distributions are paid to shareholders. Learn how to calculate, track and use retained earnings.

Article
Revenue vs. Income: What's the Difference?
By Dock David Treece | September 30, 2021

When you understand the relationship between revenue and income, you'll have a better grasp of company expenses and your overall business value.

Sponsored Advertisement
KeyBank Middle Market Business Sentiment Report
KeyBank Middle Market Business Sentiment Report
When it comes to the middle market, Key has a dedication like no other bank. Our commitment and focus allow us to deliver relevant, actionable, and tailored solutions for middle market companies. As part of this commitment, KeyBank conducts quarterly surveys with middle market executives. We ask them various questions about business and the world around them to uncover industry views, including how they feel about the state of the economy, security, future growth plans and more..
Article
Financial Accounting
By Dock David Treece | September 30, 2021

Financial accounting is documenting your business's finances, often with the help of software. Here's what every business owner needs to know about how financial accounting works.

Article
Restaurant Accounting: How It's Different
By Dock David Treece | September 30, 2021

Restaurants have their own special accounting needs and quirks. Here's a look at what sets restaurant accounting apart.

Article
How Much Do Payroll Services Cost?
By Sean Peek | September 24, 2021

Find out how much it costs to use a payroll company and how it compares to having a CPA run payroll for you.

Article
How to Create Payroll Journal Entries
By Max Freedman | September 21, 2021

Making proper payroll journal entries is a task with which all small business owners should be familiar.

Article
A Guide to Payroll Forms
By Simone Johnson | September 14, 2021

Employers are required to submit multiple payroll forms to the IRS. Be sure you're filing the right forms correctly to avoid costly fines.

Article
Everything You Need to Know About Cash Flow Statements
By Mona Bushnell | September 02, 2021

Find out what makes up a cash flow statement and why it's important for your business.

Article
How to Improve Your Accounting Skills
By Sean Peek | August 31, 2021

Modern accounting requires both hard and soft skills, and businesses want accountants with the most up-to-date skill sets.

Article
12 Reasons Your Restaurant Needs Modern POS Software
By Donna Fuscaldo | August 25, 2021

Learn how a new POS system can help your restaurant manage orders, inventory, staff and a host of other back-office tasks.

Article
POS Reports Your Retail Business Should Be Using
By Donna Fuscaldo | August 23, 2021

Increase sales and minimize waste at your store with the data already in your POS system.

Article
How to Do Payroll for a Small Business
By Matt D'Angelo | August 18, 2021

Doing payroll yourself can be as easy as these eight steps.

Article
How to Budget for Hourly Employees Annually
By Julie Thompson | August 18, 2021

Just because your employees are hourly doesn't mean you can't plan for the long term. Here's how to budget annually for your hourly workers.

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.

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.

Article
Sponsored Content
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.

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.

Article
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.

Article
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.