Your Books Show the Health of Your Company
Take a look at the health and vitality of your company by understanding how to read and interpret your financial books and reports. We make it easy for you to become an expert
Knowledge
Understanding Marginal Revenue and How to Calculate It
The concept of marginal revenue (MR) plays a pivotal role in shaping strategies, pricing models, and profitability assessments. Understanding marginal revenue is essential for any business leader, economist, or analyst striving to make informed choices that maximize...
What Is ARN & How to Track Transactions?
An ARN or Acquirer Reference Number is a distinct marker assigned to credit or debit card transactions as the funds move from the merchant's bank to the cardholder’s bank through a payment processor. The reference number is essential for tracking and resolving errors...
QuickBooks for Mac Review: Features and Pricing 2023
In our QuickBooks for Mac Review, we delve into the features and pricing of this powerful accounting software designed for Mac users. Discover the ideal solution for efficient financial management on your Mac platform. QuickBooks for Mac is accounting software...
Revenue vs. Profit: What is the Difference and Why it Matters
Revenue is the total amount of money your business brings in from selling your goods or services; profit is the amount you have left over after paying bills, operating costs, and other business-related expenses. This article will explain the difference between and...
What Is Owner’s Equity & How to Calculate it?
Owner's equity is the value of the shares issued by a company. Equity is incredibly useful in order to know the worth of what you own in a company. It is also very important to know how to find and calculate it correctly. It all comes down to a simple equation. You...
How Much Does an Accountant Cost for Small Businesses?
Cash flow is the lifeblood of any small business. The goal is to keep your income higher than your expenses so that you can reinvest profits into building your business. But in order to manage your cash flow, you need to first understand it. That's where the right...
Latest Articles
Our Top Picks for Property Management Accounting Softwares
If you work in property management, accounting is an important part of the job. You'll need to track expenses and monitor incoming payments in addition to your other day-to-day activities. There are a few property management solutions that either build in accounting...
Best Church Accounting Software for 2023
When it comes to managing accounting operations for churches, the needs, expectations, and challenges are vastly different from those of other for-profit – or even non-profit – organizations. Gone are the days of manual ledgers and painstaking calculations. Today,...
ProSeries Tax Software Review: Features & Pricing, 2023
This article explores the latest edition of the ProSeries tax software review. We will take a closer look at ProSeries's impressive features and competitive pricing, providing you with valuable insights to make informed decisions. So, let's dive right into our...
QuickBooks Online vs. Desktop Comparison 2023
Business accounting has increasingly shifted to the cloud in recent years as mobile use has increased. Cloud accounting solutions bring plenty of businesses, but there are still instances where desktop software makes more sense. This look at QuickBooks Online vs....
Levered Free Cash Flow Formula (LFCF Formula Guide)
Accountants, investors, and business owners who want to understand a company’s profitability should know how to use a levered free cash flow formula (LFCF formula). This article explains what levered free cash flow is and how to calculate it, what factors affect...
What is the Net Cash Flow Formula & How To Calculate It?
Net Cash Flow (NCF) is a financial metric measuring the net movement of cash into or out of a business during a specific period, typically a month, quarter, or year. The net cash flow formula holds significant importance in assessing a company's financial well-being,...
Best Accounting Software for Freelancers in 2023
Managing finances with precision and ease has become paramount in the rapidly evolving landscape of the freelance world. As the gig economy continues to flourish, freelancers find themselves at the helm of their own businesses, offering specialized services to a...
Best 8 Xero Alternatives for Small Businesses
When you want to stay on top of your finances and bookkeeping in your business. In many cases, accounting software is incredibly pricey, so what should a small business do if it wants to be in control of its finances and keep it relatively cheap? Xero may offer a...