Accounting

The IRS requires partnerships to use Schedule K-1 tax forms to distinguish between business income from the owners' personal income.

Follow these 11 tips to streamline your accounting processes and make sure you're on track with your accounting tasks.

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

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

This guide explains employee bonuses, regulations, tax considerations, and various bonus structures company owners and managers should consider.

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

Budgeting is made more difficult during the pandemic. Here's how to create an effective plan for another year of uncertainty.

Learn how bonus depreciation can reduce your tax liability.

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.

FreshBooks is an extremely intuitive program with the features you need to manage clients and projects, send invoices, and process payments.

Looking for the best construction software? We have easy-to-read, expert unbiased reviews, and feature comparisons of the best and cheapest programs.

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

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

Here are some useful strategies for small business owners to use to stay on top of their finances.

FIFO and LIFO are two inventory-tracking methods that help businesses calculate the cost of goods sold. Learn the difference between FIFO and LIFO.

Here's everything you need to know about restaurant accounting.

Meet this revolutionary new area of a traditional industry. Find out who the major players are and why they've got everyone excited.

Intuit QuickBooks Online is a top choice for accounting software with small businesses. Read our review and rating.

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

Which expense tracking service is right for you? Our buying guide explains what to look for in a provider and how to choose the best one for your needs.

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

This guide explains how to reconcile a business bank account and why it is important for a small business's cash flow and financial recordkeeping.

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

Small business owners should keep a close eye on their liabilities. Learn more about what those are.

Bookkeeping is vital for a business, but most business owners dread it. Here are some simple tips to make it easier.

Both the EIDL and the PPP loans are eligible for some degree of loan forgiveness. Learn about the qualifications and how to apply for forgiveness.

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

Every industry has its own accounting factors. Here are the different methods you can use for retail accounting.

Having a robust accounting system in place right from the early stages of the business will help you build a strong foundation for your biz.

The science of accounting is centuries old, but today's AI and automation technologies are challenging it.