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Accounting

A complete resource for all your accounting needs. Here you can find a range of basic to advanced accounting information, resources, and best practices.

Latest: Advice, Tips and Resources

Category
The Best Credit Card Processors of 2021
By Business.com Editorial Staff | August 17, 2021

Which credit card processor is right for your business in 2020? We review the top-rated services.

Article
SBA Loan Default: A Complete Guide for 2020 and Beyond
By Jason Milleisen | August 06, 2021

Here's comprehensive guide to all your questions about SBA loan default, forgiveness and the SBA Offer In Compromise.

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How to Create a Business Budget, With Free Budget Template
By Kiely Kuligowski | July 28, 2021

Business budgets are necessary for keeping a finger on the pulse of your business's financial health. Download our free business budget template and learn how to use it.

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The Best Online Payroll Services of 2021
By Chad Brooks | March 19, 2021

Our team has compared the best online payroll services for 2021. See up-to-date reviews and costs for the top services.

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The Best Accounting and Invoice-Generating Software for 2021
By Donna Fuscaldo | March 15, 2021

Our team has compared the best accounting software for 2021. See up-to-date comparisons, reviews and costs for the top-rated accounting programs.

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Adding Value: 10 Bookkeeping Systems Small Business Owners Can Use
By Scott Gerber | February 12, 2021

Accounting software is critical to virtually every business. These 10 bookkeeping tools are recommended by small business owners for their ease of use, versatility and effectiveness.

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Everything You Need to Know About the Income Statement
By Donna Fuscaldo | February 02, 2021

The income statement, which tracks your revenue after expenses, paints a picture of how your business is performing over a period of time.

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Self-Employed Guide to Tax Benefits and Deductions
By Andrew Martins | February 02, 2021

Taxes can be difficult to navigate, but it's well worth the effort. To help you maximize the deductions and benefits you're entitled to, we've put together this list of self-employed tax deductions.

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2021: The Year to Catch Up on Your Business Finances
By Lil Roberts | January 29, 2021

Bookkeeping isn't the most compelling aspect of running your business, and 2020 might have put you further behind. Here's how to make good accounting habits and stay on top of your finances this year.

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Everything You Need to Know About the Statement of Shareholder Equity
By Donna Fuscaldo | January 29, 2021

The statement of shareholder equity tells you the value of a business after investors and stockholders are paid out.

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19 Tips to Avoid a Tax Audit of Your Small Business Return
By Andrew Martins | January 26, 2021

Getting audited by the IRS can be a stressful and, ultimately, costly event. To help avoid that scenario, we've collected 19 tips to avoid being targeted by the IRS.

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What Is the IRS Mileage Deduction?
By Andrew Martins | January 21, 2021

If your employees use a business car or travel around in their own vehicle for work, you need to know how to track and manage the mileage tax deduction.

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Article
SBA Loan Default? 9 Ways to Turn Your Business Around
By Jason Milleisen | January 21, 2021

Here are nine suggestions to help you turn around your business if you're struggling with SBA loan default.

Article
How Double-Entry Accounting Works
By Max Freedman | January 20, 2021

Using double-entry accounting can provide a complete picture of your business's finance at any given moment.

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Hitting the Books: A Guide to Retail Accounting
By Jill Bowers | January 14, 2021

Methods of calculating and tracking your inventory

Article
The Pros and Cons of Borrowing From Your 401(k) Plan
By John Riddle | January 13, 2021

You can borrow from your 401(k), but is it the best solution to your money problems?

Article
Is Your Small Business Achieving Profitable Growth?
By Emil Abedian | January 12, 2021

Here's how to understand if your business's growth is profitable.

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11 Accounting Tips All Small Businesses Should Know
By Rashan Dixon | January 12, 2021

Even if it isn't your forte, you still need to know the basics of accounting to ensure your business is being run right. Here are 11 accounting tips all small business owners should follow.

Article
9 Ways to Take the Pain out of Your Bookkeeping
By Micah Fraim | January 08, 2021

Your business's books don't have to be such an annoyance.

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10 Money-Saving Strategies for Small Businesses
By Vector Moranov | January 08, 2021

Knowing how to save money when running a small business is essential if you want to be profitable or expand. Simple choices such as using certain instruments, software apps or automated tasks can...

Article
What Government Loans Are Available to Entrepreneurs?
By Adam Uzialko | December 31, 2020

The SBA and USDA offer loans to assist entrepreneurs and business owners who need funding.

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The Top Accounting Challenges Small Businesses Face
By Alika Cooper | December 29, 2020

Small business owners face a number of challenges every day, and accounting is a big one.

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11 Tips Accountants Should Share With Their Clients
By Max Freedman | December 22, 2020

Every accountant should offer their clients these 11 tips.

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The Best Payroll Software for Accountants
By Max Freedman | December 22, 2020

These are the most important features accountants should look for in payroll software.

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What Is an Audited Financial Statement?
By Max Freedman | December 17, 2020

When you need a loan for your business, potential lenders may ask to see your audited financial statement. Learn what this is and why lenders want to see it before they approve your business loan.

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7 Accounting Mistakes That Cost Small Businesses Significant Growth
By Tucker Mathis | December 14, 2020

Failing to have a firm grasp on your business's financial status can significantly hamper your ability to grow. Here are seven accounting mistakes to avoid.

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How Small Businesses Can Budget for a Tumultuous 2021
By Donna Fuscaldo | December 10, 2020

Creating a business budget for the new year is challenging when it's not clear when the pandemic will end. Here's how to budget for an uncertain 2021.

Article
What's a Healthy Level of Business Debt?
By Matt D'Angelo | December 04, 2020

Financing can accelerate any business's growth, but it's vital to approach it properly.

Article
Why Small Business Owners Should Think About Taxes Year-Round
By Sean Peek | December 03, 2020

Tax season can be a very stressful time, but by folding tax planning into your business strategy, you can quickly and efficiently process your taxes.