Basic Accounting: Terminology and Examples

Basic Accounting: Terminology and Examples

Basic Accounting: Terminology and Examples Accounting is the language of business, as it gives companies a systematic way to record and communicate financial information. Every successful business owner needs to grasp basic accounting terminology to make informed...
Financial Statements: Guides and Examples

Financial Statements: Guides and Examples

Financial Statements: Guides and Examples Financial statements show how well your business performs financially, yet many business owners struggle to interpret these documents. According to a QuickBooks survey, only about half of small business owners feel...
Top Fractional Accounting Firms: Pros and Cons

Top Fractional Accounting Firms: Pros and Cons

Fractional accounting firms provide on-demand finance professionals – such as Chief Financial Officers (CFOs), controllers, and bookkeepers – to businesses that need high-level financial guidance without the cost of full-time hires. These firms allow startups and...
The 3 Financial Statements Every Business Needs

The 3 Financial Statements Every Business Needs

The 3 Financial Statements Every Business Needs Keeping a business profitable and running smoothly requires a clear and accurate understanding of not only a company’s bottom line but also how well it’s performing, where it’s headed, and how well it can be expected to...
How Contra Asset Accounts Impact Your Financial Statements

How Contra Asset Accounts Impact Your Financial Statements

Contra asset accounts are an integral part of understanding and managing a company’s overall financial health, but they can seem counter-intuitive and difficult to grasp if you don’t have a strong background in accounting. Here’s a look at contra asset accounts, what...
Complete Guide to Outsourcing Your Accounting Function

Complete Guide to Outsourcing Your Accounting Function

Step Summary 1. Understand Your Accounting Needs Assess your business requirements and the scope of work needed. 2. Match Your Needs to the Right Experts Identify accounting professionals with expertise in your industry. 3. Begin Researching Outsourced Accounting...