Master all that accounting jargon with our friendly and helpful guides.
Explore the top 7 accounting software choices for your small business in 2024. Compare features and reviews to find the perfect financial management tool for your needs. Start comparing now!
Real-time, insight-driven accounting, powered by smart technologies, has breathed new life into the way finance functions are managed across the globe. Read more.
Accrued expenses and accounts payable both involve owed money, but differ in timing. Accrued expenses are incurred but not yet billed, like salaries or interest. Accounts payable are invoices received and awaiting payment. While both impact financial statements, accrued expenses reflect estimated liabilities, while accounts payable are confirmed debts.
Quarterly earnings reports are vital tools for investors and stakeholders to gauge a company's financial health. These reports, released by publicly traded companies every three months, offer a snapshot of revenue, expenses, profits, and losses. They provide insights into a company's performance, growth trends, and potential challenges. Key components include revenue breakdown, earnings per share (EPS), operating expenses, and net income.
Embracing the future of finance, decentralized accounting reimagines traditional systems. It employs blockchain and smart contracts to distribute, verify, and secure transactions across a network, eliminating intermediaries. This innovation enhances transparency, reduces fraud, and streamlines processes, shaping a more efficient and trusted financial landscape.
Cash flow forecasting is simply predicting future inflows and outflows of cash for your small business. This helps you anticipate financial needs before they arise and allows you to adjust strategies as needed in order to remain profitable.
An essential guide to the double-entry system of accounting and why your business needs it. Starting your own creative business might sound like a lot of fun.
Go through some of the most common reasons businesses don't grow and tips to overcome these shortcomings
There are a few proven ways to reduce costs and increase profit for your business. That's why we've put together a list of ways to help you cut costs and increase profits for your business
A step-by-step guide that aims to ensure that the reader knows every minute detail of creating an invoice and making sure that the payment is received, and answers your question of "how to invoice as a sole trader"
As a business owner, it's crucial to keep a tab on your finances for projections, filing taxes, and mapping your entrepreneurial growth.
A nightmare for any business, bad debts are a painful reality. Hardly any client will pay you upfront in cash, and you need to provide credit facilities to them
This simple guide to Accounts Payable (or AP for short) will help you quickly identify which suppliers you owe money to, the amount, and how to reap the benefit
Are you unsure about which business expenses to write off in order to save your money? Here's a list of tax deductions your small business can write off.
Did you know you can claim tax deductions for your home office? Read on to know the different types of home office expenses.
Looking to calculate your business performance? Use our net income calculator and know for sure. The growth of any business is primarily dependent on incoming..
This article covers what you need to do to ensure accuracy and profitability in job costing for your architecture firm.
A simple guide to depreciating assets using the double-declining balance method. Understand how to calculate it and how it's different from the straight-line...
A profit and loss statement provides a detailed overview of your spending and savings. Learn how to track it correctly for your business.
Trying to understand how to keep track of your accrued expenses? Read this article to understand what it is and how to record it in your books properly.
Looking for a comprehensive guide to owner's equity and statements? Read all about how to calculate owner's equity to get the right idea of the value of your...
Do you know what the accumulated depreciation account on your balance sheet is? Read on to find out more about this important accounting term.
Read this guide about managing operating expenses and improve your revenue. Learn about operating expenses and understand how your small business generates..
Adjusting journal entries helps keep your business books balanced and healthy. To know how to keep revenue expenses up-to-date...
In this article, we find out what an income statement is and why you need it. We also discuss the difference between an income statement and a balance sheet.
Trying to choose between a Subchapter S Corporation and a Limited Liability Company? Here’s how to decide between the two.
Not sure what Accounts Receivable (AR) means for your business? Read this guide to discover the importance and definition of AR with examples.
Accounting is an integral part of business for interior design firms. This article walks you through several tips to make accounting easier for your business.
Read on to know more about fixed costs and how they can help improve your business profits in the long run. Learn the fixed cost formula and possible examples.
Do you need help in finding the right business entity? The article covers each type of business entity along with its pros and cons.
Are you thinking about becoming an S corporation? Read more to know what it is, how it's different from an LLC, and its pros and cons for your business.
This article helps you understand where your money is going in your business and teaches you how you can manage your cash flow.
Are you a small or medium-sized design firm? Read this blog to learn about sales tax for design companies and how to avoid making accounting mistakes!
In this article, you learn the difference between gross profit and net profit and why they are important for understanding the financial health of your business
S corp and C corp are corporation statuses assigned by the IRS to incorporated businesses. Read on for a comparison between the two corporate structures.
What is straight-line depreciation, how to calculate it, and when to use it. Everything you need to know is here in this guide.
Find out the role of assets, liabilities, and equity in the balance sheet. This article contains the information you need to run your business successfully.
As a small business, you need to manage your business accounting accurately. Continue reading to understand how to calculate liabilities for your business..
Interested in flexible taxes, liability protection? Discover whether a single-member LLC is the right structure for your business.
Learn the difference between fixed and variable costs to increase your business' revenue with this detailed guide.
Learn how depreciation works, how to calculate it, and its different types. Leverage it to increase your small business' tax savings and save more money.
Journal entries record all the day-to-day financial activities of your business. Here's why they are important and how you can set them up.
When you start your own creative business, you will have to be at the helm of affairs. Small business owners can find handling all the verticals of the business
Learn everything about cash flow statements and master your business’ cash flow. Leverage the information to maintain a steady cash flow in your business.
Read this article to know what a C corporation is, its pros and cons for your business, and how to incorporate your company.