Accounting

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.

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.

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

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

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

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

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

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.

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

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

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

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

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

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

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

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