Accounting

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.

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

Need a free business budget template download? Get it here and learn how to use it to track your monthly and annual business revenue and expenses.

Invoicing is crucial for small business cash flow. Learn how to create an effective professional invoice that increases the likelihood of timely payments.

Learn how the relationship between revenue and income affects your business and its value.

Payroll reports list pay rates, hours, overtime, vacation, withholdings and more. Here's what your business needs to know about payroll reporting.

Wave is a good option for accounting software, but it has certain limitations. Consider seven Wave alternatives that can grow with your business.

Should you buy or lease the company car? Here are the pros and cons of each to help you weigh which is best for your needs.

Discover budget-friendly ways for small businesses to access expert financial guidance.

Discover how to boost sales and loyalty by offering multiple payment options.

Discover how accounting automation helps small businesses save time, reduce errors and improve cash flow.

Mathematical skills can determine financial success. Whether or not it comes naturally, here are tips to sharpen your ability.

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

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

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

These are the most important steps you can take to prevent payroll discrepancies and, if they do occur, how to fix them.

Find out the circumstances under which employers owe employees retro pay, how it differs from back pay, the tax implications and how to calculate it.

The triple bottom line uses a sustainability-based accounting method that prioritizes people, profit and planet. Here's how businesses utilize it.

Calculating your business's value accurately is crucial if you want to sell it or seek investors. Learn four steps for calculating your business valuation.

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.

Overhead costs are expenses tied to things other than the production of goods or services. Here's how to calculate overhead.

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.

Many businesses hire hourly employees with varying hours. Learn how to determine and calculate the average cost of an hourly employee to your business.

Payroll audits can be beneficial to your business. Learn how to conduct one with this step-by-step guide and get software recommendations.

To achieve financial goals you might need a top-notch finance department. Learn how your company can become more competitive.

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.

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

Assets refer to resources that can be converted into cash. Learn how assets work, the various types of assets, how to determine an asset's value and more.

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.

A nuanced understanding is crucial when offering compensation beyond employees' agreed-upon salary or wages.