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Cash Basis Accounting vs. Accrual Basis Accounting

Cash basis accounting and accrual basis accounting are two methods used by businesses to record financial transactions.
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Your Quick Guide to Business Structures

Once you get your business up and running, you’ll quickly discover a world of legal matters you have...
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How to Calculate Retained Earnings + Examples

Your business might not be profitable in its formative years, leaving you with no option but to push...
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What is IRS Form 1040?

As a business owner or employee in the United States, calculating, deducting, and paying tax is a ma...
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Owner’s Equity: What it is and How to Calculate it

Owner’s equity is the value you arrive at when your business’ liabilities are deducted from your bus...
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What is a Journal Entry in Accounting?

A journal entry is the first stage of the accounting process. Its purpose is to record a business tr...
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What is a W-9 Form and Why You Need To Fill It Out

Form W 9 is an IRS form used by businesses to request independent contractors and freelance workers ...
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101-A Beginner's Guide to Bookkeeping

This article describes the bookkeeping process, whether it is performed by bookkeepers, accountants,...
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What Are The Software Needs Of Accounting Firms?

Businesses of all sizes depend on accounting firms to help them manage their financial needs. To pro...
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Best Inventory Management Software 2020

Keeping an accurate inventory is essential for almost any business. Whether you are in retail, whole...
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5 Myths of Cloud-Based Accounting Software: Debunked

The cloud allows you to access to your data in real-time and from anywhere with an internet connecti...
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How To Choose the Best Church Accounting Software?

Churches are places to gather and come together to achieve a purpose and help their surrounding comm...
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Save Time And Money With Inventory Management Accounting Software

Want to save some time and money for your business? Throw out your inventory management software and...
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