Accounting Articles

Accounting Tips, Training, and News

Digital Payments Are a Staple in Friendships, but What About Business?

Thanks to digital payments, gone are the days where you need to carry cash with you everywhere you go. And, you don’t even have to bring your physical credit or debit cards, either.

July 23, 2021

How to Calculate Total Revenue in Accounting Like a Boss

Keeping an eye on your business’s finances is oh-so-important if you want your company to thrive and grow. This includes monitoring your financial statements and calculating financial figures, such as total revenue. Get the lowdown on how to calculate total revenue and ways to use it to benefit your business.

July 22, 2021

What Is EBITDA? The Answer You Need to Know

Owning a business means understanding your company’s value. To calculate the value of your company, you can use a formula called EBITDA. But, what is EBITDA? What taxes are included in EBITDA? Are payroll taxes included in EBITDA? Grab your pen and paper while we answer these questions and look at what all goes into […]

July 20, 2021

What Is Privilege Tax in Business? The Answer May Surprise You

As a business owner, there are a number of taxes you may be subject to paying or remitting. One of these taxes is privilege tax. So, what is privilege tax, and are you required to pay it? Get the facts straight about the different types of privilege tax below.

July 15, 2021

What Is Net Investment Income Tax? The 3.8% Tax You May Need to Worry About

If you profit from your investments, this one’s for you. You’re responsible for paying capital gains tax. And depending on how much money you make annually, you may also be responsible for net investment income tax. What is net investment income tax?

July 13, 2021

What Is Cash-Based Accounting Software?

If you run a small business, cash-based accounting is one of the easiest ways to manage finances — especially if you don’t have extensive experience with accounting. It basically works like this: you record revenue when cash comes in, and expenses when cash goes out.

July 9, 2021

Making Heads and Tails of Small Business Bankruptcy

Worried that your company is going under? If you’re struggling with large amounts of business debts, it might be time to consider your small business bankruptcy options.

July 8, 2021

Account Settlement: What to Know About Settling Accounts

When you run a business, you need to know a little bit about accounting. One of the things to know is account settlement. The settlement of an account can be crucial, especially if you use clearing accounts. What is an account settlement? Why is it important? When should you settle your accounts? Learn all of […]

July 6, 2021

Leasing vs. Buying Equipment: What’s the Best Deal for Your Business?

When it comes to running a business, you need to be savvy with your money to succeed. And, part of being financially smart includes making decisions about leasing or buying equipment. But, which is a better choice for your business? Get the rundown on leasing vs. buying equipment, including what to consider when it comes […]

July 2, 2021

Two employees working on clearing accounts.

Clearing Accounts: Understanding How and When to Use Them

If you’re not an accountant, the accounting information you need to know can feel daunting. But, buckle up because there’s another tool you need to understand: clearing accounts. What are clearing accounts? Do you need to use them? What do they do? Clear up your schedule for a few minutes to learn all about clearing […]

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