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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
K-1s and How They Are Used
By Max Freedman | February 15, 2022

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

Article
11 Accounting Tips All Small Businesses Should Know
By Rashan Dixon | February 15, 2022

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

Article
The Top Accounting Challenges Small Businesses Face
By Alika Cooper | February 15, 2022

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

Article
Financial Tracking 101: Best Implementation Practices and Best Tools
By Donna Fuscaldo | February 15, 2022

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

Article
Guide to Employee Bonuses
By David Gargaro | February 15, 2022

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

Article
What Is a Discretionary Bonus?
By David Gargaro | February 14, 2022

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

Article
How Small Businesses Can Budget for a Tumultuous 2021
By Donna Fuscaldo | February 14, 2022

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

Article
Bonus Depreciation: A Small Business Guide
By Kaylyn McKenna | February 14, 2022

Learn how bonus depreciation can reduce your tax liability.

Review
Oracle NetSuite Accounting Software Review
By Nicole Fallon | February 07, 2022

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
FreshBooks Accounting Software Review
By Donna Fuscaldo | February 07, 2022

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

Category
The Best Construction Estimating Software of 2022
By Joshua Stowers | February 04, 2022

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

Article
The Role of a Strong Accounting and Finance Team in Seeking Capital
By Matthew G. | February 03, 2022

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

Article
The Difference Between an Accountant and a Bookkeeper (and Why You Need Both)
By Dachondra Cason | February 02, 2022

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

Article
2021: The Year to Catch Up on Your Business Finances
By Lil Roberts | February 02, 2022

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

Article
LIFO vs. FIFO: Which Is the Best Option for Your Business?
By Jamie Johnson | February 02, 2022

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

Article
Restaurant Accounting Guide
By Donna Fuscaldo | January 24, 2022

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

Article
How FinTech Is Changing Business (and Bank Accounts)
By Ryne Landers | January 05, 2022

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

Review
Intuit QuickBooks Online Review
By Donna Fuscaldo | December 16, 2021

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

Article
5 FreshBooks Alternatives
By Dachondra Cason | December 01, 2021

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

Category
Expense Tracking Services Buying Guide
By Kayla Harrison | November 23, 2021

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.

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

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

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.

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

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

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

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

Article
9 Ways to Take the Pain out of Your Bookkeeping
By Micah Fraim | January 08, 2021

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

Article
Disaster Loans: How to Qualify for PPP and EIDL Forgiveness
By Mike Savage | November 06, 2020

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.

Article
How to Hire the Right Accountant for Your Business
By Simone Johnson | September 10, 2020

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.

Article
Retail Accounting: What You Need to Know About Inventory
By Chad Brooks | July 06, 2020

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

Article
Dollars & Sense: How to Build an Accounting System for Startups
By Chad Brooks | April 16, 2020

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.

Article
How AI and Automation Technology Can Help Accountants
By Chad Brooks | March 26, 2020

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