The Wayback Machine - https://web.archive.org/web/20221007194028/https://www.business.com/accounting/

business.com receives compensation from some of the companies listed on this page. Advertising Disclosure

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 Accounting and Invoice-Generating Software for 2022
By Mike Berner | October 05, 2022

Our team has compared the best accounting software for 2022. See up-to-date comparisons, reviews and costs for the top-rated accounting programs.

Article
Disaster Loans: How to Qualify for PPP and EIDL Forgiveness
By Mike Savage | September 21, 2022

Both the EIDL and the PPP loans are eligible for some degree of loan forgiveness. Learn about the qualifications and how to apply for forgiveness.

Article
Is It Time to Hire a CPA?
By Max Freedman | September 20, 2022

Knowing when to hire a CPA can have a dramatic impact on your business's financial health. Find out all of your tax options here.

Article
How to Create a Business Budget, With Free Budget Template
By Jamie Johnson | September 20, 2022

Need a free business budget template download? Get it here and learn how to use it to track your monthly and annual business revenue and expenses.

Article
Wave Accounting Software Alternatives
By Jamie Johnson | September 20, 2022

Wave is a good option for accounting software, but it has certain limitations. Consider seven Wave alternatives that can grow with your business.

Article
How FinTech Is Changing Business (and Bank Accounts)
By Ryne Landers | September 20, 2022

FinTech is the financial technology fueling innovation in payment processing, lending, wealth management, and more. Learn how FinTech is changing business.

Review
Xero Review
By business.com editorial staff | September 20, 2022

Xero is online accounting software for small businesses that includes accounts payable, accounts receivable and inventory tools.

Article
Guide to Employee Bonuses
By David Gargaro | September 20, 2022

This guide explains employee bonuses, regulations, tax considerations, and various bonus structures company owners and managers should consider.

Review
FreshBooks Accounting Software Review
By business.com editorial staff | September 20, 2022

FreshBooks is an extremely intuitive program with the features you need to manage clients and projects, send invoices, and process payments.

Article
How to Choose the Right Accounting Software for Your Business
By Jamie Johnson | September 16, 2022

Accounting software helps you stay on top of taxes, manage critical financial data, and pay employees. Here's how to choose the right accounting software.

Article
QuickBooks Alternatives to Consider
By Jamie Johnson | September 16, 2022

Here are 10 alternatives to QuickBooks that could be better for your business.

Article
How to Hire the Right Accountant for Your Business
By Simone Johnson | September 06, 2022

An accountant can add financial balance to your life. But how do you pick the right accountant for your business? Here are tips on how.

Article
11 Accounting Tips All Small Businesses Should Know
By Rashan Dixon | September 01, 2022

Follow these 11 tips to streamline your accounting processes and make sure you're on track with your accounting tasks.

Article
Retail Accounting: What You Need to Know About Inventory
By Chad Brooks | September 01, 2022

Every industry has its own accounting factors. Here are the different methods you can use for retail accounting.

Article
A Nonprofit’s Guide to Accounting
By Katharine Paljug | September 01, 2022

Tax requirements for nonprofits are stringent. Follow our nonprofit accounting guide to stay on top of your finances.

Article
Fixed and Variable Expenses: What Do These Terms Mean?
By Sammi Caramela | September 01, 2022

All businesses have both fixed and variable expenses. Here are the differences between the two.

Article
Dollars & Sense: How to Build an Accounting System for Startups
By Chad Brooks | September 01, 2022

Having a robust accounting system in place right from the early stages of the business will help you build a strong foundation for your biz.

Category
The Best Construction Estimating Software of 2022
By Joshua Stowers | August 26, 2022

Looking for the best construction software? We have easy-to-read, expert unbiased reviews, and feature comparisons of the best and cheapest programs.

Article
What Is a Profit and Loss Statement?
By Jamie Johnson | August 15, 2022

A profit and loss statement (P&L;) details a company's revenue and expenses. Learn how to create and read a P&L; to grasp your business's health.

Article
What Is General Ledger Accounting?
By Jamie Johnson | August 15, 2022

General ledger accounting means maintaining a general ledger, a record of a company's financial transactions. Here's what it includes and how it works.

Review
Oracle NetSuite Accounting Software Review
By Chad Brooks | August 09, 2022

Oracle NetSuite is a popular cloud-based ERP used by more than 40,000 organizations worldwide. It offers a comprehensive suite of integrated business management solutions.

Category
Expense Tracking Services Buying Guide
By business.com editorial staff | August 08, 2022

Which expense tracking service is right for you? Our buying guide explains what to look for in a provider and how to choose the best one for your needs.

Article
Financial Tracking 101: Best Implementation Practices and Best Tools
By Donna Fuscaldo | August 02, 2022

Whether you do it yourself or rely on accounting software, finance tracking is essential for small business owners.

Article
What Is a Discretionary Bonus?
By David Gargaro | August 02, 2022

Learn about discretionary bonuses and their regulatory and tax implications, as well as the bonus structures that best avoid triggering additional taxes.

Article
9 Things to Look for in a Business Checking Account
By Meredith Wood | August 02, 2022

The business checking account you choose matters. Here's what to look for.

Article
How to Reconcile a Business Bank Account
By Dock David Treece | August 02, 2022

This guide explains how to reconcile a business bank account and why it is important for a small business's cash flow and financial recordkeeping.

Article
K-1s and How They Are Used
By Max Freedman | August 02, 2022

The IRS requires partnerships to use Schedule K-1 tax forms to distinguish between business income from the owners' personal income.

Article
Bonus Depreciation: A Small Business Guide
By Kaylyn McKenna | August 02, 2022

Learn how bonus depreciation can reduce your tax liability.

Article
What Is an Audited Financial Statement?
By Max Freedman | August 02, 2022

Find out what an audited financial statement is, who prepares it, what information it contains, and why lenders want to see it.

Article
How AI and Automation Technology Can Help Accountants
By Chad Brooks | August 02, 2022

The science of accounting is centuries old, but today's AI and automation technologies are challenging it.