Resources on basic accounting and payment terms business owners must know.
Learn what cash management is, why it matters, key activities, challenges, and strategies to improve cash management and strengthen business liquidity.
Learn the expense recognition principle, how it works, why it matters, and how to apply the expense recognition principle accurately with modern tools.
Learn what hyperautomation is, how it works, key technologies, benefits, challenges, and real business use cases to improve efficiency and decision-making.
Learn what advisory in accounting means, how it differs from traditional bookkeeping, and why accounting advisors help businesses make smarter decisions.
What is inflation? Discover how inflation works, its main causes, and the impact on businesses, prices, and consumers, plus tips to prepare.
Learn what non-deductible expenses are, how they differ from deductible expenses, and tips for tracking and managing non-deductible expenses.
Learn what are excise taxes, while exploring different types, as well as examples of excise taxes, and understand how businesses stay compliant.
Learn what contra accounts are, how they work, common types, and why contra accounts improve financial reporting accuracy and transparency.
What is payroll expense? Learn how to calculate payroll expenses, including wages, taxes, and benefits, and discover tips to manage costs effectively.
Learn the difference between COGS and operating expenses, see examples of each, and discover why tracking them is key to profitability.
Learn what non-cash expenses are, common examples like depreciation and stock-based compensation, and understand their impact on cash flow and taxes.
Learn what expense reconciliation is, why it’s essential for accurate financial reporting, and how to streamline the process to prevent errors and fraud.
Learn the difference between liabilities and expenses, how they impact financial statements, and why accurate tracking matters for business decisions.
Learn what unreimbursed employee expenses are, who can deduct them, which states allow deductions, and how to claim them on taxes.
Learn what is billable expense income, how billable expenses differ from non-billable costs, and the importance of accurately tracking them using automation.
