The choice of cash vs. accrual is one of the first choices new business owners have to make. Accounting is vital for managing business finances and staying afloat. Here is a closer look at accrual accounting vs. cash accounting to help you make the right decision. The Difference Between Cash Read more…
Does your business use the double-entry accounting system? If so, you’ve likely come across people talking about the accounting equation. Perhaps you’re asking yourself, “what is the accounting equation?” Please keep reading to learn more about the fundamental accounting equation and why it matters for you and your business. What Read more…
There are many things to keep track of as a business accountant. Not only should you track revenue a company has, but you may be called upon to record unearned revenue. What is unearned revenue? How do you keep track of it? Our guide to unearned revenue accounting will answer Read more…
Retained earnings are an essential part of the financial well-being of a company. When you calculate retained earnings, you get a better idea of how much your business has to re-invest in itself. Our guide will take you through retained earnings, including what they are and how to calculate them. Read more…
Bookkeeping is an essential part of doing business. Our bookkeeping guide will look at the basics of bookkeeping and help beginners understand this crucial process more. Beginner’s Guide to Bookkeeping Bookkeeping refers to the process of tracking financial transactions by businesses. Financial transactions are reported along with supporting documentation. The Read more…