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8 Best Invoicing Software for businesses

Generating invoices and dispatching them to customers for payments is a tedious and time-consuming process if done manually. Hence, businesses have started seeking solutions to automate labo...
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What is Accounting and Why is it Important?

Every small business needs to maintain accurate and up-to-date accounting records. Tracking your fin...
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Profits vs. Cash Flows: What’s the Difference and Why Does it Matter?

Understanding financial metrics and what they tell you is key to succeeding in business. Two of the ...
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What is Fair Market Value and How Do You Calculate It?

A significant part of running a business is knowing the dollar amount your company owns in assets — ...
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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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Your Simple Guide to Debits and Credits + Examples

Most people know that debit cards let you spend out of a checking account, while credit cards let yo...
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How to Calculate Straight Line Depreciation (Formula)

From buildings to machines, equipment and tools, every business will have one or more fixed assets l...
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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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What is Payroll Tax and How is it Calculated?

Payroll tax is a percentage of an employee's salary paid to the government to fund social insurance ...
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The 7 Most Common Accounting Mistakes Entrepreneurs Make

Statistically, your business is more likely to fail than flourish. If you are in business or looking...
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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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The Best Accounting Software for Small Business Inventory Management

Is your business growing faster than you can manage? Then an inventory management software should be...
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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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