What is Depreciation… And How Do I Calculate It?
Depreciation is the gradual decrease in the value of a company’s assets. It can play
Cost of Goods Sold: How to Calculate and Record COGS
Running a business requires a lot of math. But to calculate your profits and expenses
11 Accounting Formulas Every Small Business Owner Should Know
Keeping track of the revenues and finances of your small or big business is surely
16 Small Business Accounting Tips for Business Owners
What is small business accounting? Business accounting is the process of gathering and analyzing financial
The 8-Step Accounting Cycle… A Beginner’s Guide
What is transactional accounting? Transactional accounting is the process of recording the money coming in
Does Your Business Need an EIN Number?… Here’s How to Apply
EIN number meaning: An employer identification number (EIN), also known as a federal tax ID number,
What Is a Chart of Accounts and How Do I Set One Up?
What is a chart of accounts? The chart of accounts, or COA, is an organized
What is Accrual Accounting?… the Beginners Guide
What is accrual accounting? Accrual accounting is an accounting method that records revenue and expenses
The Nonprofit Accounting Beginner’s Guide
Nonprofit accounting is crucial for any organization that relies on donations and grants to fulfill
What is Payroll Accounting?… The Ultimate Guide for Small Business Owners
The purpose of payroll accounting is to keep track of employee compensation and related payroll