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Latest Articles
Renters Insurance Coverage: An Ultimate Guide for Small Business
Anyone who owns a small business needs to understand what kind of policies they need to include in their renters insurance to keep from paying out of pocket for unforeseen damages and losses. This article will take you through everything you need to know about renters...
Cash Flow Statement – Understanding the Definition and Its Importance
The cash flow statement documents the cash and cash equivalent assets of a business. It demonstrates how a company not only manages its cash, but also how it generates cash. What Is a Cash Flow Statement? A cash flow statement lists a company’s cash and cash...
Cash Basis or Accrual Basis Accounting: What’s Better?
Cash Basis Accounting vs Accrual Basis Accounting What’s the difference between cash vs accrual accounting? A lot comes down to timing. With cash, the recognition of expenses and revenue is almost instant. With accrual, expense and revenue are accounted for later....
What Is Public Liability Insurance? All You Need to Know
If you are a business owner or an individual who interacts with members of the public, it is important to understand what public liability insurance is and how it can protect you from financial loss in the event of an accident or injury. When the general public files...
Step-By-Step Guide To The Full Accounting Cycle
What Is The Full Accounting Cycle? The full accounting cycle, otherwise known as “bookkeeping,” is a big part of owning and running any business. The accounting cycle steps follow a process to make sure your records are balanced, up-to-date, and correct. From your...
Best Accounting Software for Small Businesses in 2023
Overview As a small business owner, there’s nothing more exciting than watching your company grow and your revenue increase. However, with your company’s expansion comes the demand for tools to handle your growth. Accounting software is an essential tool for small...