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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
Fixed and Variable Expenses: What Do These Terms Mean?
By Sammi Caramela | January 17, 2024

Find out the definitions and see examples of fixed, variable and mixed expenses. Read on to learn how to save on these costs.

person using a calculator to do accounting
Article
FreshBooks vs. QuickBooks Comparison
By Mike Berner | January 11, 2024

FreshBooks and QuickBooks are two of the best accounting software programs for small businesses. Here’s how they compare.

Accountant using a calculator
Article
FreshBooks vs. Xero Comparison
By Mike Berner | January 11, 2024

FreshBooks and Xero are two top accounting software programs for small businesses. Here’s how they compare.

Accountant using a calculator
Article
QuickBooks vs. Xero Comparison
By Mike Berner | January 11, 2024

QuickBooks and Xero are two of the most popular accounting software choices for small businesses. Here is how they compare.

Article
How to Start Budget Planning for Your Business
By Sean Peek | January 05, 2024

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 Payroll Journal Entries
By Max Freedman | January 05, 2024

Successful businesses must stay on top of their accounting. Learn how to use payroll journal entries to track wages and other financial data.

Article
Guide to Employee Bonuses
By David Gargaro | January 04, 2024

Employee bonuses are any compensation paid in excess of an employee's base salary or hourly wage. Learn how to structure and implement employee bonuses.

Article
How to Choose the Right Accounting Software for Your Business
By Jamie Johnson | January 03, 2024

The best accounting software makes it easy for a business to track expenses, send invoices and collaborate with their accountant. Here’s what to consider.

Businesswoman looking at a line chart on a computer screen
Article
What Is a Profit and Loss Statement?
By Jamie Johnson | December 07, 2023

A profit and loss statement summarizes a business’s revenue and expenses. Learn how to use a profit and loss statement to understand your business better.

Article
What Is General Ledger Accounting?
By Jamie Johnson | November 30, 2023

Maintaining a general ledger helps you gauge a business's financial health and avoid accounting mistakes. Learn what a general ledger is and how it works.

Article
What Is an Accounts Payable Process?
By Jamie Johnson | November 29, 2023

An efficient accounts payable process ensures that your vendors are paid on time and reduces the likelihood of human error. Learn how to set up an AP process.

Article
The Complete Guide to Accounts Payable Reporting
By Jamie Johnson | November 20, 2023

An accounts payable reporting process ensures accurate financial data and on-time bill payments. Learn about accounts payable reporting and report types.

Review
ZarMoney Review
By Mike Berner | November 08, 2023

ZarMoney is a standout accounting solution with simple pricing and robust integrations. Learn why it's the best accounting software for report generation.

hands punching numbers on a calculator
Article
Why Every Company Should Have a Business Savings Account
By Jamie Johnson | November 06, 2023

Learn why it makes fiscal sense for your company to have a dedicated business savings account.

Article
How to Choose and Open a Business Checking Account
By Meredith Wood | November 02, 2023

Creating a new company banking account is important so you want to do your research. Here are three steps to opening your business checking account.

Article
What Is an Audited Financial Statement?
By Max Freedman | October 30, 2023

Learn what an audited financial statement is, why your business might need one, and how unaudited accounting reports differ.

person opening a paycheck
Article
What Is a Discretionary Bonus?
By David Gargaro | October 13, 2023

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

Article
PayPal 1099: How to Report Self-Employment Income to the IRS
By Jamie Johnson | October 05, 2023

You have to report PayPal income to the IRS. Learn how PayPal tracks your income and how to fill out a PayPal 1099.

Review
Rippling Payroll Review and Pricing
By Jessica Elliott | September 13, 2023

Rippling's platform has hundreds of integrations and a user-friendly workflow builder. Learn why it's the best payroll system for automating processes.

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

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

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.

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.