How to Choose the Best Accounting Software for Your Business
Accounting software is an important tool for nearly every business because it records transactions, generates invoices and reports, and many programs automate repetitive tasks such as emailing payment
Top Four Benefits of Online Payroll
As a business owner, you have to be smart about where your money is going and how you're budgeting your finances. Paying employees can be one of your largest business expenses, so it might seem counte
Online Payroll Software: A Guide
Running a business is a lot of work and takes up a lot of time. One of the most time-consuming tasks is organizing, preparing and processing payroll. There are many ways to process payroll, including
Best Accounting & Bookkeeping Services Review
Unless you are an accountant, you most likely didn't go into business to spend hours each week doing bookkeeping. Nonetheless, all small businesses must deal with the financial side of its operations
Five Accounting Trends of the Future - Are You Being Passed Up?
As technology improves, it's changing how we do business. Smart businesses keep up with the trends, adapting their processes and technologies not only to keep up, but to take advantage of the changes
Avoid Startup Suicide: 7 Tips for Startup Accounting
Starting your own business is an exciting proposition. There's so much to do and learn. You're already an expert in what your business does, but you may not have a lot of skills and experience with ac
Why Pay If It's Free? Open Source Accounting Software for Your Business
Some businesspeople love accounting; others consider it a necessary evil. In either case, good accounting software can make this often tedious job easier. There are many excellent bookkeeping program
Accounting for Beginners
Opening a business can be an exciting, surprising, complicated and expensive endeavor. It seems simple; you just make sure you are selling goods for more than you make them, right? Wrong. Without prop
Balance Sheet Basics
One of the most important financial documents of any business is the balance sheet. The balance sheet gives you a detailed picture of your company's financial position at a given point in time and can
Accounting: A Necessity for Small Businesses Owners
Let's face it - most of us don't find accounting particularly exciting and would rather have someone else do it for us, right? This is a fine stance for those who are completely disassociated with th
What Are Accrued Expenses?
A big part of accounting deals with cash. This means that a business recognizes expenses only when it has to pay the expense off. Likewise, a business recognizes revenue only when it receives cash for
Accountant vs Accounting Software: Which One Is Best for You?
As a business owner, you know you must keep track of payroll, taxes, accounts payable, accounts receivable, overhead and all the other financial obligations that come with entrepreneurship. Since you
What is Owner’s Equity and How Do You Calculate It?
Starting and managing a business can be quite complex, especially if you are not familiar with all of the financial and accounting terms. Fortunately, all kinds of accounting software are available to
Accounts Payable vs. Receivable: What's the Difference?
You’ve worked in corporate America long enough to know that accounts payable and accounts receivable are not the same thing. In fact, most brick-and-mortar companies have entirely different offices fo
The Difference Between an Accountant and Bookkeeper
You may think that a bookkeeper and an accountant do the same job. After all, both professions deal with the financial activity of a business. Together, they organize financial records and balance a b
Product Cost Vs. Period Cost: What's the Difference?
Any business incurs two major types of costs: product and period costs. The company incurs these costs during the production and sale of a product. It can be difficult to determine to which category a
What Is A General Ledger?
A general ledger is a collection of all transactions involving a company over its lifetime. The transactions relate to liabilities, assets, revenue, expenses and owner’s equity. All transactions that
Best Accounting Apps for Small Businesses
The business world moves fast, and accounting is also moving over to a faster and more convenient method, using mobile devices. A number of accounting apps help small businesses complete all of their
What is the Best Accounting Software for Restaurants?
Restauranteurs may have a greater passion for good food and fine wine than they do for crunching numbers and making savvy business decisions, but a restaurant manager cannot operate successfully witho
Everything You Need to Know About Petty Cash
Most businesses, especially corporate and retail, use a petty cash fund to make small daily transactions simpler. Essentially, petty cash is a relatively small cash collection kept on the business pre