Business accounting

Partial Payments: Should Your Business Accept Them

Learn the pros and cons of accepting partial payments, and discover whether allowing part payment of amounts due would be a wise move for your business.

How to Determine Company Pay Dates

Learn how to determine the pay date your organization will use and how different pay dates can impact the efficiency of your payroll with this concise guide.

An Employer's Guide to Payroll Advances

Six Ways to Celebrate National Payroll Week

Celebrate National Payroll Week and show your company's commitment to its staff and fair pay with these creative ideas to raise awareness and mark the occasion.

16 Top Small Business Tax Deductions

Explore top small business tax deductions that could save your business money. Discover which deductions to explore for this next tax year.

A Complete Payroll Calendar for 2022

Needing to understand the payroll calendar for 2022? This complete guide has 2022 payroll calendar examples for every type (bi-weekly, semi-monthly, and monthly).

7 Ways to Scale Down Your Business

Learn how to successfully scale down your business or downsize to help keep the business operating smoothly. Downsizing can help with finance or performance issues.

Direct vs. Indirect Labor: How to Calculate Different Labor Type Costs

Learn about the differences between direct vs. indirect labor, as well as the role that each one should play in your business’s cost accounting practices.

Fleet TCO: Calculating Total Cost of Ownership from Cost to Depreciation

Learn the factors involved in calculating the total cost of ownership and the benefits fleet management provides to companies. There are hidden costs to consider.

Public vs Private Accounting: What’s the Difference

Learn the difference between public vs private accounting and when your business needs each one. Know the different forms of accounting for most small businesses.

How Much Do Accountants Cost Your Business?

Learn the answer to the question how much do accountants cost, find out about the services they provide and why you might need to hire one for your business.

When to Hire an Accountant vs CFO vs Controller

Understand the difference between an accountant, a CFO and an accounting controller to determine which individual you need to hire for your small business.

Key Competences in Finance and HR Business Partnering Models

Actuarial standards of practice (ASOP): An intro for SMBs

Learn what actuarial standards of practice (ASOP) are and how they're important for your business in terms of insurance, financial management and potential disasters.

What Are the Generally Accepted Accounting Principles (GAAP)?

Understand how the generally accepted accounting principles (GAAP) affect business financial reporting standards. Get to know the 10 guiding principles.

Accountants Vs. Auditors

Learn the roles of auditor and accountant to figure out what position you need in your company. Explore the differences between the two and how to hire.

Segregation of Duties Basics and Best Practices

Understand the importance of segregation of duties to your company's financial health and security. Duty segregation best practices and improvements to implement.

Facility Maintenance: A Business Owner's Guide

Learn all about facility maintenance and what it means for your business. This guide covers information about the costs, types and logistics of this vital task.

What Is Inventory Accounting and How Does It Benefit Your Organization?

Discover what is inventory accounting and the different types of inventory management your company monitors. Learn about the benefits and best practices.

Prenotes: What Employers Need to Know

What is a prenote? Learn about the prenotification process and why it's important when you offer direct deposit as a payment option to your employees.

Payroll Conversion: Minutes to Decimals

Learn how to smoothly, efficiently convert minutes to decimals for payroll purposes so that you can avoid underpaying or overpaying employees by mistake.

Simple Profit-Loss Statements and Templates

Discover how profit and loss statements can help you gauge the performance of your business, and explore simple P and L statement templates for financial insights.

How to Calculate Profit Margin for Your Small Business

Learn how to calculate profit margin and measure the health and performance of your business. Here are three different profit margin formula examples.

Formula for Optimal Order Quantity

Holding costs can increase overhead, but you lose sales when your items run out of stock. Learn how an EOQ calculator can help you manage inventory more efficiently.

Accepting Cryptocurrency Payments: What to Know

Learn how accepting cryptocurrency as payment can provide another level of flexibility to your customers. Accepting crypto payments can even boost sales.

What's an Income Statement? A Guide With Income Statement Examples

Learn about how to use an income statement for your business. This article discusses the importance of income statements and provides an income statement example.

Supplemental Unemployment Benefits: An Intro

Learn what supplemental unemployment benefits or SUB plans are, how they might help your employees and what's involved in starting one for your business.

Net Operating Loss and How It Affects Your Business Taxes

Learn what net operating loss (NOL) is and how it affects small business taxes. This article also discusses how the CARES Act and TCJA affect NOL calculations.

Payroll Run Dates and Pay Days: The Difference

Learn the difference between payroll runs, pay periods and pay dates so that you can communicate effectively with employees when they have questions about their pay.

What Is a Section 125 plan?

Learn what a Section 125 plan is and how can it attract talent to your business. Discover how these plans can make health care more affordable for your employees.

On the Clock: Work Hours and Expectations for Remote Employees

Find out what defines "on the clock" when it pertains to employees working from home, and learn about employee monitoring options to help keep track of remote workers.

How to Calculate Time and a Half

Learn about overtime and how to calculate time and a half to keep your hardworking nonexempt employees happy and motivated when they work long hours.

7 Types of Payroll Reports for Employers

Learn what a payroll report is, as well as the different types of federal and local reports you’re obligated to file as an employer and when and how to file.

When Does Business Process Outsourcing Make Sense?

Learn about business process outsourcing. Discover if BPO may align with your company objectives and how it can improve the efficiency of your business.

What Is a W-3?

Learn what is a W-3 and why you need to file it if you have employees. These forms are important for your business accounting and this guide explains why.

Frequently Asked Questions About Payroll Processing

There are a lot of questions that come up in the payroll process. Discover the answers to some of the most common payroll questions faced by modern businesses.

What is the Peter Principle? (And How Can Your Business Avoid It?)

Avoid the pitfalls of the Peter Principle in your business. Learn more about this theory and how it can impact your employee culture and bottom line.

Retro Pay Explained: When and How to Correct Employee Wage Errors

Learn what retro pay is and how to calculate and pay it.

What Is a Pay Stub?

Learn why it's important for businesses to provide a pay stub to employees and why details such as pay rate, hours worked and deductions should be included.

Paid in Arrears vs. Paid in Advance (With 4 Examples)

Discover what "paid in arrears" and "paid in advance" mean, and learn the pros and cons of each payroll method.

Running Your Business in a Downturn

Learn how to keep your business stable during a recession, and discover seven reasons why brand new startups thrive in economic downturns.

What is State Unemployment Insurance?

Learn the basics of state unemployment insurance and factors affecting your tax rate.

Tipped Employees: From Hiring to Managing to Payroll

Learn more about tipped employees in the U.S. Explore who qualifies to work as a tipped employee, how tips are taxed and legal ways to treat employee tips.

Accrual vs Cash Accounting

Is cash or accrual accounting the right choice for your business? Learn more about these accounting methods to make an educated choice.

Comparing Small Business Checking Accounts

Find the best small business checking account for your business. Learn the pros and cons of each to help you make the right choice for you.

What Does Price Elasticity Mean for Small Businesses?

Find out what price elasticity means and how it helps businesses determine the optimal price for their products.

5 Free Payroll Software Tools for 2022

Find free payroll software so you can easily pay your employees without the additional cost of expensive software subscription fees.

15 Compensation Management Software Tools for 2022

Find compensation software solutions to help your organization manage and monitor all employee benefits and bonuses in one location.

Outsourcing Payroll: Pros and Cons for Businesses

The outsourcing of payroll has the potential to save your company substantial time and money. Learn about the benefits and disadvantages of outsourcing and how the process works.

Letters of Collection: Tips for Small Businesses (With Template)

Learn more about what a collection letter is, why it's important to create one, what to include in it and best practices for writing one for your business.

Clocking In and Out: Best Practices for Your Business

Clocking in and clocking out are necessary tasks in for some employees. Learn about all the different time tracking options available to you and best practices for tracking time.

What Is the Cost of Hiring New Employees?

The cost of hiring a new employee can vary from company to company, but it's often higher than people expect. Learn about the common costs of hiring a new employee.

Veteran-Owned Business? Benefits and How to Get Certified

Learn what a veteran-owned business is, the benefits of getting certified and how your business can potentially qualify.

A Manager’s Guide to Accounts Receivable in Finance

Accounts payable is a frequently used financial strategy for many industries and companies. Learn about the benefits of accounts receivable and tips for using it.

What Does a CPA Do? Key Roles and Duties

Certified Public Accountants, or CPAs, perform a number of high-level accounting tasks for many organizations. Learn about their key job responsibilities.

Certifications for Bookkeepers: A Guide for Managers

Bookkeepers can hold a number of certifications in their field. Some are more reputable than others. Review the most prestigious bookkeeping certifications so you hire the right one for your business.

What Is Bonus Depreciation? A Guide for Managers

Bonus depreciation provides businesses with a unique deduction opportunity for otherwise non-current assets. Read further to learn more about how it can benefit your business.

Business Expense Categories: A Guide for Managers

Discover what exactly business expenses are, the requirements for a tax-deductible expense and some examples of the most popular expenses in business.

A Guide to Accounting Software for Your Small Business

Learn why it's important for a small business to use accounting software, view features to look for and explore possible options to consider.

A Guide to Merchant Accounts in Banking

Discover what a merchant account is, when and why your business needs one, how to choose and set one up and answers to FAQs regarding merchant accounts.

Budgeting in Business: Best Practices and Examples

Learn about best practices for creating and maintaining a business budget.

Understanding Fixed vs. Variable Expenses

Distinguishing between fixed expenses and variable expenses is important for calculating business revenue, budgeting and deducting costs on your taxes.

Donations for Tax Deductions: A Guide for Businesses

Learn everything you need to know about tax deductions for donations to make smart financial decisions for your business, including how to claim exemptions and how to choose a charity.

Payroll Software: Key Considerations Before You Pick

Learn the benefits of using payroll software for your business, discover which features to look for and review the top payroll software for small businesses.

What Is the Work Opportunity Tax Credit (WOTC)?

Learn about what the Work Opportunity Tax Credit is, the types of workers who are eligible and ineligible for this credit and tips to keep in mind when calculating these tax credits.

10 Steps to Starting a Business

There are key steps to starting a business that is successful and remains viable.

Basic Accounting Terms for Small Businesses

As a small business owner, it should be important to understand accounting so you can measure your company's success. Here are some terms to know.

What Is a Fiscal Year in Business? An Intro

Learn what a business' fiscal year is, why it's important, the difference between fiscal, tax and calendar years and how to choose your fiscal year.

Opportunity Cost Definition

Learn what opportunity cost is, why it's important for small businesses and the difference between implicit and explicit opportunity cost.

What Is a Franchise Tax? An Introduction

Learn what franchise taxes are, which states require them and how they're calculated in certain states.

Calculating Cost of Goods Sold (COGS) in Your Small Business

Learn what the costs of goods sold is, why it's important, the formula for it and how to correctly calculate your business' COGS.

Overview of the Capital Budgeting Process

Learn what capital budgeting is, common methods businesses follow during the process and how the capital budgeting process works overall.

How to Get a DUNS Number for Your Business

Learn about why a DUNS number is important to your business, plus steps on how to register.

What's the Definition of Liquidity Ratios?

Liquidity ratios help businesses understand their financial health. Learn about common liquidity ratios and why it's important to calculate them.

What Is an Invoice? A Guide for Businesses

Learn about the importance of invoices for businesses and discover the appropriate methods for issuing invoices.

Accrual Accounting Basics: A Guide for Employers

Learn what accrual accounting is and how it can help you manage your company's money.

Is Your Business a Going Concern?

Learn what a going concern is and steps you can take to determine whether your business qualifies as a going concern.

How to Read Financial Statements: A Manager’s Guide

Learn how to read and interpret basic financial statements at your company.

Small Business Accounting: Best Practices

Learn about best practices for accounting at your small business.

Balance Sheets: An Intro for Business Owners (With Examples)

Balance sheets can provide a layout for you to organize your companies finances and make adjustments to pay off liabilities or make use of assets.

Implications of the IRS Mileage Rate: What Employers Need to Know

Learn more about the 2023 mileage rates and use this tips to help you reimburse your employees.

How to Determine Pricing for Your Business

Learn what pricing is in business, common types of pricing strategies and price vs. cost.

What a Lien? A Definition for Your Small Business

Learn about how liens work in business.

What Is the Accounting Equation? Equity, Assets and Liabilities

An essential component of owning a business is monitoring your financials. Here is a comprehensive guide to the accounting formula.

Best Banking Options for Your Small Business

Learn about the best banking options for your small business.

What is Insurable Interest? An Introduction

Learn why you need to have an insurable interest, what it means and types of insurance you could purchase to guard against risks.

Prorating and Prorations: An Overview for Business Operators

If your business is acquiring a firm or shareholding partner, use this guide to understand the basics of proration and how prorating works.

Defining and Understanding Total Cost of Ownership (TCO)

Learn about total cost of ownership including how it is calculated, how it can impact purchase decisions, how it can be used as a marketing tool and how to reduce it.

Budget Management: Three Skills Essential for New Managers

Learn the basics of budget management and frequently asked questions about it.

What Is a Project Plan? An Intro for Business Operators

Learn how to write a project plan that helps convey your vision clearly and effectively.

Building a Compensation Strategy for Your Business

Building a compensation strategy takes time and research to attract talent and remain competitive. Learn why you need a compensation strategy and how to build one.

Changing Your Accounting Method? A Guide to IRS Form 3115

Small and large businesses alike file changes in their accounting methods with IRS Form 3115. Discover how to fill out this form along with a list of best practices.

Estimating the Costs of Employee Turnover

Learn the estimated costs of employee turnover and how you can reduce it.

What is Bottom-Up Budgeting? A Guide for Managers

Learn if bottom-up budgeting is a beneficial budgeting method for your business.

What Are ER Taxes?

Learn about the taxes you need to pay as an employer and additional practices related to payroll procedures.

What Is Gross Revenue? A Definitive Guide for Employers

Gross revenue is a financial metric used to determine the financial health of a company. It is also used to calculate other metrics such as net revenue.

Accounting Skills: Key Duties & Responsibilities of Accountants

Accounting skills vary depending on the specific role of the accountant. However, there are hard skills and soft skills that all accountants should have.

What Is the Bottom Line in Business? A Guide for Managers

Learn about the bottom line, ways to increase a bottom line and some answers to frequently asked questions.