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Accounting

Understanding Tax Basis: A Comprehensive Guide for Businesses

All businesses have assets. For very small businesses, those assets may be office equipment. For large companie
SG&A Expenses: Definition, Calculation & Management | [Your Brand/Website Name]

Selling, General & Administrative (SG&A) expenses are the costs a company incurs to promote, sell and deliver its products and services, as well as to manage day-to-day operations. Understandi
Progress Invoicing: Boost Cash Flow & Project Success

Cash is king. Getting it in-house from customers can be a challenge, though, especially if you’re working
Procurement: Types, Processes & Technology - A Comprehensive Guide

Procurement has been a vital, transactional part of conducting business for almost as long as commerce has existed. Although the days of scribes tracking purchases on papyrus scrolls are long past, th
Understanding Business Liquidity: A Guide to Financial Health

Businesses need cash to stay afloat. Even with healthy sales, if your company doesn’t have cash to operate, it will struggle to be successful. But looking at your company’s cash position i
Understanding Journal Entries in Accounting: A Comprehensive Guide

The raison detre of accounting is to present a concise, timely, accurate narrative of an organization’s f
Financial Close Process: Definition, Importance & Best Practices

Regardless of a company’s size or financial sophistication, the financial close process can become convol
Unit Price Contracts: Definition, Benefits & When to Use

Not all construction jobs can be perfectly priced at the outset. Often, the scope of work is hard to pin down u
Accounts Payable Automation (AP Automation): Benefits & How It Works

As most finance teams know all too well, a manual accounts payable process can be tedious and error-prone. Work
Understanding Assets: Types, Examples & Importance in Business Accounting

“Asset” is one of those words that has both a casual meaning and a specific definition. As part of everyday speech, asset is used favorably: “He’s a real asset to the community
Amortization Explained: Definition, Calculation & Impact

In business, amortization is the practice of writing down the value of an intangible asset, such as a copyright
Accounts Payable (AP): Definition, Function & Importance

A company’s accounts payable represents its short-term liabilities—invoices owed to suppliers, for example. AP departments are responsible for processing expense
Financial Controller: Responsibilities, Skills & Career Path

Financial controllers are a varied group of accounting professionals. Mostly CPAs with a staunch regard for accuracy, process and policy, controllers’ responsibilities can vary greatly depending
Understanding Business Expenses: Types, Recording & Tax Implications

Concerns about business expenses rank high for the companies taking part in the NFIB’s 2020 Small Business Problems and Priorities Survey. Respondents report that their No. 1 challenge is the c
Cloud vs. On-Premise Accounting Software: Key Differences & Which is Right for You

From the abacus to the Incan quipu knot system, to written ledgers, adding machines and calculators, people have been using accounting tools for centuries. Today, most account
Best Accounting Software for Startups in 2024

Start-ups are often defined by innovation, youth, hardworking staff and long hours. Decisions made early on can have tremendous impact on the eventual success of the business from staffing, target cus
Wayfair Decision & E-commerce Sales Tax: Implications for Businesses

On June 21, 2018 the landscape of Ecommerce in the U.S. forever changed thanks to South Dakota sales tax. The U.S. Supreme Court Wayfair Decision ruled in favor of South Dakota and sent the case back
Key Accounts Payable KPIs: Drive Efficiency & Cost Savings

It’s pretty well established that finance leaders are continually striving to use data more effectively,
Essential Accounting Tips for Small Businesses & Startups

Proper management of a business’s finances, and having someone dedicated to that process, is a crucial co
Time & Materials Contracts: A Comprehensive Guide & Free Template

Accurately estimating any construction job is a challenge. If the estimate is too large, the contractor loses the project to a lower bidder. Too small, and the project ends up in the red. Adding to th

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Accounting

Accounting