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Accounting

Managing your business finances begins with organizing your books. Proper accounting is critical to make informed decisions about your money. Not sure where to start? We’ve got you covered with these accounting guides, tips and tools.

Latest: Advice, Tips and Resources

Article
What Is Retro Pay?
By Danielle Fallon-O’Leary | February 12, 2025

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.

Article
What Is the Triple Bottom Line?
By Paula Fernandes | February 11, 2025

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

Article
4 Simple Steps to Valuing Your Small Business
By Russell Smith | February 10, 2025

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.

Article
What Is General Ledger Accounting?
By Jamie Johnson | February 04, 2025

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
Overhead Cost and How to Calculate It
By Dock David Treece | February 04, 2025

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

Article
Guide to Employee Bonuses
By David Gargaro | January 29, 2025

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 Plan for Hourly Employees in Your Budget
By Julie Thompson | January 23, 2025

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

Article
How to Conduct a Payroll Audit
By Max Freedman | January 21, 2025

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

Article
Importance of a Strong Finance Team for Accounting and Seeking Capital
By Jennifer Dublino | January 17, 2025

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

Article
How to Choose Accounting Software
By Jamie Johnson | January 16, 2025

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.

Article
The Complete Guide to Accounts Payable Reporting
By Jamie Johnson | January 15, 2025

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

Article
Assets in Business Accounting: Types & Determining Value
By Sean Peek | January 15, 2025

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.

Article
What Is an Accounts Payable Process?
By Jamie Johnson | January 15, 2025

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.

person opening a paycheck
Article
What Is a Discretionary Bonus?
By David Gargaro | January 14, 2025

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

Article
Everything You Need to Know About the Statement of Shareholder Equity
By Donna Fuscaldo | January 13, 2025

A statement of shareholder equity can tell you if your business is doing well or if it's time to fine-tune some of your activities.

Article
How to Calculate Blended Overtime Pay
By Max Freedman | January 10, 2025

When a multiwage employee works overtime, which of their wage rates do you base their overtime rates? Blended overtime pay answers this question.

Businesswoman looking at a line chart on a computer screen
Article
How to Wrap Up Your Fiscal Year and Start the New One Right
By Max Freedman | December 19, 2024

Follow these tips to end your fiscal year the right way and kick off your next one primed for success.

Article
14 Accounting and Cash Flow Management Lessons From CEOs
By Catherine vanVonno | December 17, 2024

Learn the best practices for handling cash flow and other accounting issues. These useful tips and strategies will help you manage business finances.

Article
Which Is Better: Cash- or Accrual-Based Business Accounting?
By Sean Peek | December 05, 2024

Cash- and accrual-based business accounting are analysis methods for determining a business's financial health. Learn which is right for your business.

Article
Financial Tracking 101: Top Implementation Practices and Best Tools
By Donna Fuscaldo | December 05, 2024

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

Article
How to Reconcile a Business Bank Account
By Dock David Treece | December 04, 2024

Learn how to reconcile your business’s bank account by comparing your recorded transactions to the bank statements. Then, you can follow up on any errors.

Article
How Is a Cash Flow Statement Prepared?
By Simone Johnson | December 03, 2024

Find out what to include in a cash flow statement, as well as its limitations and how cash flow is calculated.

Article
How to Improve Your Accounting Skills
By Jennifer Dublino | December 03, 2024

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

Article
How to Hire the Right Accountant for Your Business
By Mike Berner | November 26, 2024

An accountant can add financial balance to your life. But how do you pick the right accountant for your business? Here are our tips.

hands punching numbers on a calculator
Article
Why Every Company Should Have a Business Savings Account
By Jamie Johnson | November 13, 2024

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

Article
Everything You Need to Know About Cash Flow Statements
By Jennifer Dublino | November 12, 2024

Learn why cash flow statements are a vital part of financial tracking and many financial activities.

person using a calculator to do accounting
Article
Hitting the Books: A Guide to Retail Accounting
By Jill Bowers | November 05, 2024

Learn about the methods of calculating and tracking inventory that are used in retail accounting.

Businesswoman looking at a line chart on a computer screen
Article
What Is a Profit and Loss Statement?
By Jamie Johnson | October 30, 2024

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.

person punching numbers on a calculator
Article
Revenue vs. Income: What’s the Difference?
By Dock David Treece | October 30, 2024

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

Article
A Guide to Accounting Software Features and Benefits
By Donna Fuscaldo | October 24, 2024

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