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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
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.

Best Pick
The Best Accounting and Invoice-Generating Software for 2024
By Mike Berner | October 03, 2024

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

Businesswoman looking at a line chart on a computer screen
Article
What Is a Profit and Loss Statement?
By Jamie Johnson | October 01, 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 01, 2024

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

Review
ZarMoney Review
By Mike Berner | September 16, 2024

ZarMoney is a standout accounting solution with simple pricing and robust integrations. Learn why it's the best accounting software for report generation.

Article
K-1s and How They Are Used
By Jennifer Dublino | September 13, 2024

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

Article
Guide to Employee Bonuses
By David Gargaro | September 13, 2024

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.

Zoho Books logo
Review
Zoho Books Review and Pricing
By Mike Berner | September 11, 2024

Zoho Books is an accounting solution that uses automation to make managing business finances easier. Learn about Zoho's features, integrations and more.

Article
How AI and Automation Technology Can Help Accountants
By Jamie Johnson | September 11, 2024

Artificial intelligence and automation are changing accounting. Learn how to mix accounting, AI and automation for a balance of brainpower and technology.

Review
FreshBooks Accounting Software Review and Pricing
By Mike Berner | September 11, 2024

FreshBooks is cloud-based accounting software that's ideal for invoice creation. Learn how businesses use FreshBooks for accounting, including custom invoicing.

Article
How to Improve Your Accounting Skills
By Jennifer Dublino | August 29, 2024

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

Article
Which Is Better: Cash- or Accrual-Based Business Accounting?
By Sean Peek | August 21, 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
7 Accounting Mistakes That Cost Small Businesses Significant Growth
By Jamie Johnson | August 21, 2024

Minor small business accounting errors can have a significant effect on your business's finances. Learn the most common accounting mistakes to avoid.

Article
What Is GAAP? A Guide to Generally Accepted Accounting Principles
By Jamie Johnson | August 21, 2024

GAAP refers to a set of rules and standards used for financial reporting in the U.S. Learn how GAAP principles work and what they mean for your business.

Article
5 FreshBooks Alternatives
By Dachondra Cason | August 21, 2024

While FreshBooks is popular accounting software, others might work better for your company. Learn about some alternatives.

Article
How to Start Budget Planning for Your Business
By Sean Peek | August 21, 2024

Business owners need budgets to help them manage money and meet financial goals. Learn how and why to start budget planning for your business.

Article
Accounts Payable vs. Accounts Receivable: What You Need to Know
By Jamie Johnson | August 21, 2024

Accounts payable is money your business owes, and accounts receivable is money owed to you. Learn how accounts payable and accounts receivable differ.

Article
Wave Accounting Software Alternatives
By Jamie Johnson | August 19, 2024

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

Article
The Difference Between an Accountant and a Bookkeeper (and Why You Need Both)
By Dachondra Cason | August 19, 2024

Understanding the distinction between accountants and bookkeepers can save your business a lot of money.

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.

person using a calculator to do accounting
Article
FreshBooks vs. QuickBooks Comparison
By Mike Berner | June 27, 2024

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

Sage 50 logo
Review
Sage 50 Review and Pricing
By Mike Berner | June 27, 2024

Sage Business Cloud Accounting is a cloud-based accounting solution ideal for customizations. Learn how businesses can use Sage to customize integrations.

NetSuite logo
Review
NetSuite Accounting Software Review and Pricing
By Mike Berner | June 27, 2024

Oracle NetSuite is a popular cloud-based ERP used by more than 40,000 organizations worldwide. It offers a comprehensive suite of integrated business management solutions.

Quickbooks logo
Review
QuickBooks Online Review and Pricing
By Mike Berner | June 27, 2024

QuickBooks Online is an excellent small business accounting package. Learn about QuickBooks Online's features, like automation, security and integrations.

Article
How Fintech Is Changing Business (and Bank Accounts)
By Mark Fairlie | June 24, 2024

FinTech is the financial technology fueling innovation in payment processing, lending, wealth management, and more. Learn how FinTech is changing business.

Accountant using a calculator
Article
QuickBooks vs. Xero Comparison
By Mike Berner | May 29, 2024

QuickBooks and Xero are two of the most popular accounting software choices for small businesses. Here is how they compare.

Accountant using a calculator
Article
FreshBooks vs. Xero Comparison
By Mike Berner | May 23, 2024

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