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Latest Articles
IRA vs. 401(K): Understanding Key Differences and How to Choose
Individual retirement arrangements (IRAs) and 401(k)s are popular savings plans that American workers invest in to save for retirement. Two of the most common types of these plans are traditional and Roth accounts. This article will cover the differences between...
8 Best Payroll Software for Small Businesses in 2023
Payroll software for small businesses can be the difference between success and stress. Paying your employees on time and correctly keeps your company filled with happy staff. The best payroll system is one you don’t have to fix. It does not require many updates. Fits...
How to Calculate Payroll: An Ultimate Guide
Deciding how to calculate the payroll of your business is essential. Paying employees is something you can't cut corners with. You need to make sure the calculation of payroll is correct. Payroll calculations that are off can add extra time and expenses to the cost of...
Best Restaurant Accounting Software for 2023
As a restaurant owner, having the right tools to measure your business’s financial performance is critical to your success. Accordingly, the best restaurant accounting software can support your restaurant’s viability by tracking your inventory, expenses, and revenue,...
Best Account Reconciliation Software in 2023
Account reconciliation software can sound intimidating, but really, it's basic. You're simply comparing your business records to what your bank says. Whether it's intimidating or not, though, the good news is that accounting reconciliation software does a lot of the...
How To Create An Invoice
Knowing how to create an invoice is an important step for running a company. When you run a small business you need to make sure you are getting paid. Invoicing is how your company gets money for the work you do. There are certain things you must specify when creating...
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....