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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
38 Key Accounting Terms Every Business Owner Should Know
Business success involves having lot of business know-how at the very beginning of your business (though you'll learn a lot on the job!). Why not check out some accounting terms you should know? While business accounting terms may not seem like they should be the...
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...
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...
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....
Latest Articles
Top 10 Quicken Alternatives & Competitors
Quicken lets you take control of your personal finances by tracking your income and expenses, set up budgets, and create financial goals using easy-to-use tools to manage all of it. Whether you yearn for more options or a different cost, consider these top 10 Quicken...
FreshBooks Vs. QuickBooks: Comparison
Bookkeeping and accounting management is one of the biggest hassles facing any small business or a self-employed individual. That's why, in 2023, the question of whether to opt for FreshBooks vs. QuickBooks takes center stage for entrepreneurs and small business...
Xero Vs. Wave: Choosing the Right Accounting Software in 2023
Accounting is one of the backbones of any business and plays a key role in the success and growth of the business. In the dynamic realm of modern business, picking the right accounting software can be a pivotal moment for entrepreneurs and small business owners. It...
Intangible and Tangible Assets: What’s the Difference?
A balance sheet's assets represent economic value and can be categorized into two main groups: intangible and tangible. A clear understanding of your business's asset categories can provide significant advantages. The foremost thing it contributes to is resource...
Top 6 BILL Alternatives & Competitors
Billing and invoicing are two of the important accounting functions every business needs. BILL (formerly bill.com) offers a two-in-one solution that can help small businesses manage them conveniently, along with the option to automate your AP processes and process...
How to Calculate Markup and Markup Percentage?
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...
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...
Zoho Books vs. QuickBooks: 2023 Comparison
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,...