BDC Hamburger Icon

Menu

Close
BDC Logo
Search Icon
ArrowFinance

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
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
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.

Accountant using a calculator
Article
FreshBooks vs. Xero Comparison
By Tom Anziano | January 14, 2025

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

Article
How to Choose and Open a Business Checking Account
By Meredith Wood | January 13, 2025

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.

person using a calculator to do accounting
Article
FreshBooks vs. QuickBooks Comparison
By Mike Berner | January 13, 2025

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

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.

Best Pick
The Best Accounting Software for Restaurants
By Mike Berner | January 08, 2025

This article reviews the best accounting and invoicing software providers for restaurants.

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 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.

Article
K-1s and How They Are Used
By Jennifer Dublino | November 18, 2024

Partnerships use schedule K-1 tax forms to avoid tax penalties by distinguishing business income and personal income.

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.

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.

Article
11 Accounting Tips All Small Businesses Should Know
By Rashan Dixon | October 22, 2024

Even if accounting isn't your forte, it's important to understand accounting basics to run your business. Learn 11 tips for small business accounting.

Best Pick
The Best Accounting and Invoice-Generating Software for 2025
By Mike Berner | October 15, 2024

Our team has compared the best accounting software. See up-to-date comparisons, reviews and costs for the top-rated accounting programs.

Article
PayPal 1099: How to Report Self-Employment Income to the IRS
By Jamie Johnson | October 05, 2024

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

Article
Hidden Costs of Restaurant Marketing
By Jennifer Dublino | September 26, 2024

Restaurant marketing includes hidden costs for restaurant owners to consider. Learn about hidden restaurant marketing costs and tips on marketing budgets.

Article
How to Measure and Improve Your Marketing ROI
By Jennifer Dublino | September 25, 2024

Measuring your marketing ROI will give you an idea of what's working best so you can refocus marketing dollars and stop ineffective programs.

Article
A Nonprofit’s Guide to Accounting
By Katharine Paljug | July 31, 2024

Nonprofit organizations have specific accounting regulations and requirements. Learn what nonprofits need to know about accounting.

Article
Financial Accounting: What You Need to Know
By Dock David Treece | July 30, 2024

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Article
Restaurant Accounting: How It’s Different
By Dock David Treece | July 16, 2024

Restaurant accounting has specific needs and features. Here's a look at restaurant accounting methods and expenses, how tips factor in, and more.

Review
Xero Accounting Software Review and Pricing
By Mike Berner | July 09, 2024

Xero is a reasonably priced accounting software package with excellent integrations and an intuitive user interface. Learn why Xero is our top pick for growing companies.