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Latest Blogs

Understanding Accounts Payable Services: Definitions and Real-Life Examples

Accounting

Understanding Accounts Payable Services: Definitions and Real-Life Examples

Accounts payable (AP) is one of the basic elements of business accounting. It refers to several short-term payment orders for pending payments the company has to vendors and suppliers for goods or...

By John Miller  |

2024-10-22 07:00:26

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

6 Best Practices for Accounting for Medical Practices in 2026

Accounting

6 Best Practices for Accounting for Medical Practices in 2026

In this blog, we discuss six accounting for medical practices best practices that can assist physicians and owners of healthcare practices in putting in place better financial controls within their...

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 in 2026?

Hire CPA Accounting

CPA vs. Accountant Costs: How Much Should You Budget in 2026?

In this blog, we will talk about the CPA vs. accountant costs in 2026, pricing models used, the factors affecting professional fees, and when it makes sense to pay a little extra for your CPA...

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

In this blog, we will consider what year-over-year (YOY) growth means, how to calculate it using the example, and how businesses may use YOY data to make their decisions better and inform investors...

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

In this blog, we will discuss what an IOLTA account is, how it works, and why law firms choose this option. Furthermore, we will highlight some mistakes that are commonly made by lawyers in their...

By Lily Wilson  |

2024-10-21 08:12:06