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Modified Cash Basis Accounting: Should Your Business Use It?

Accounting

Modified Cash Basis Accounting: Should Your Business Use It?

When it comes to controlling your business finances, the correct accounting method can make all of the difference. You have most likely heard about cash basis and accrual basis...

By Andrew Smith  |

2024-10-22 06:46:34

A Beginner’s Guide to the Financial Accounting Standards Board (FASB)

Accounting

A Beginner’s Guide to the Financial Accounting Standards Board (FASB)

For anybody new to accounting or finance, it helps to know who's making the rules and guidelines for financial reporting. Among these is the Financial...

By Olivia Brown  |

2024-10-22 06:31:54

Best Practices for Accounting in Medical Practices: A Comprehensive Guide

Accounting

Best Practices for Accounting in Medical Practices: A Comprehensive Guide

You probably did not spend much time in medical school learning about accounting or bookkeeping as a doctor. But as a doctor/medical practitioner...

By Lily Wilson  |

2024-10-22 06:08:02

How to Read and Analyze Your Stripe Dashboard Income Statement

Accounting

How to Read and Analyze Your Stripe Dashboard Income Statement

For any business owner, knowing the status of your finances is essential to maintain your enterprise growing. Your income statement summarizes your company's...

By John Miller  |

2024-10-22 05:54:16

CPA vs Accountant Costs: How Much Should You Budget?

Accounting

CPA vs Accountant Costs: How Much Should You Budget?

Handling your business finances can be tough yet manageable, particularly if you think of working with a CPA or a regular Accountant....

By John Miller  |

2024-10-21 10:41:31

Owner’s Equity: What It Is and How to Calculate It for Your Business

Accounting

Owner’s Equity: What It Is and How to Calculate It for Your Business

Every business person wants their company to be financially healthy all year round....

By Andrew Smith  |

2024-10-21 10:30:07

Net 30 Payment Terms: Definition, Pros & Cons for Small Businesses

Accounting

Net 30 Payment Terms: Definition, Pros & Cons for Small Businesses

Flexible payment terms have become a necessity for maintaining cash flow and proper relationships with your clients....

By Olivia Brown  |

2024-10-21 10:17:31

How to Calculate Year-Over-Year (YOY) Growth and Why It Matters

Financial Planning and Analysis

How to Calculate Year-Over-Year (YOY) Growth and Why It Matters

As a business person, you need to be regularly updated about how your business is doing with time....

By Lily Wilson  |

2024-10-21 09:51:01

What Is an IOLTA Account? Common Mistakes and Best Practices

Accounting

What Is an IOLTA Account? Common Mistakes and Best Practices

When you're dealing with legal matters, it's not uncommon for your lawyer or law firm to handle some of your money...

By Lily Wilson  |

2024-10-21 08:12:06

Payroll Tax Explained: Calculation Guide for U.S. Businesses

Payroll Management Service

Payroll Tax Explained: Calculation Guide for U.S. Businesses

Running a business in the US comes with effectively managing payroll taxes. Payroll tax contributions finance programs like Social Security and Medicare and unemployment...

By John Miller  |

2024-10-21 08:01:10