As a business owner, you must understand and implement into practice many accounting terms and concepts, from cash flow and balance sheets to break-even analysis and accrual accounting. One such concept that is central to a profitable and growing business is markup...
Zoho Books and QuickBooks Online are two popular cloud-based accounting software that offer a range of features for small businesses. Both platforms allow users to manage their income, expenses, invoices, bills, bank accounts, inventory, taxes, and reports. However,...
Mint, by Intuit, is a popular budgeting app that helps with expense tracking, cash flow management, financial goal-setting, and more. While it is a great small business accounting software for staying on top of your spending, savings, and investments, you may want to...
Employers often offer various fringe benefits to their employees, apart from their annual wages, to make the compensation packages more attractive. Although many of these fringe benefits may depend on the employer, the Affordable Care Act (ACA) sets out federal...
Accounting and bookkeeping are two of the most important focus areas for any business, as no venture can succeed without effective financial management. However, every company may be unable to retain expert bookkeepers and invest in dedicated accounting resources....
Square Payroll and QuickBooks Payroll both offer full-service payroll for SMBs. While both are quality products, Square Payroll rates higher on affordability, and QuickBooks’ higher tiers offer a few more HR features than Square. If you already use Square’s POS system...
Starting a new business can be tricky; you need to either handle multiple operational aspects yourself or build an expert team quickly to help manage your business. One of the things you must get right is accounting and bookkeeping resources. Although it may be...
Businesses cannot avoid payroll processing, no matter how big or small. This critical function, however, is usually complex, with companies having to consider different factors like base pay, benefits, tax contributions, and deductions. There are guides on calculating...