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Just as language expresses the mind by organizing words neatly and clearly, accounting does the same by accurately and beautifully recording all transactions in the book of accounts. Learn all about why accounting is called the language of business. Read more
Keeping accurate accounts as a small business takes two major forms; accrual accounting and cash basis accounting. Both account types have benefits for either long-term or short-term purposes. Learn the difference between the two here. Read more
Savings brings the idea of planning. Hence, to save for a mortgage, some steps are crucial to achieving the goal of owning a property. It's not uncommon to get stuck in the process but the chances of such can be lessened by taking proper steps. Read more
Learn the basic accounting terms that you need to know. Whether you handle your own accounting or outsource somewhere else, there are common accounting terms that everyone should be aware of. Read more
A cash flow statement reports the financial transactions of a business which entails both an income statement and a balance sheet. Learn all about cash flow statements, their importance, and how to make one. Read more
After being approved for an EIDL, business owners need clarification on what they can spend their funds on. Learn what you can and can't do with your EIDL funds in our guide here. Read more
A financial statement is a company's official record of economic activities, structured in an easy-to-read format. Learn all about these statements in this beginner's guide. Read more
A bit of calculation is necessary to balance your accounts and stay on top of your business's finances. Learn the essential, need-to-know accounting equations for your business in our full guide. Read more
Do you know what you can expect to pay for an accountant's help? Learn the average costs, rates, and more of accounting services in our simple break down. Read more