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A small business guide to income statements

The income statement is one of the three main financial statements, and reports financial performance based on revenues, expenses, and net income.

How to accept mobile invoices: A guide for small businesses

Invoicing procedures seem like a grind? Why not invoice from your mobile device? From reduced errors, to expedited payments, mobile invoicing can be a great choice.

8 accounting equations every business owner should know

Accounting formulas can be a great way to assess the financial health of your company. Take a look at 8 accounting equations business owners should know.

What are payment terms? How to use invoice payment terms to protect your business

Whether you’re invoicing for the first time or trying to inspire on-time payments, these payment terms will help you set boundaries with your clients.

10 Microsoft Excel tips and tricks to manage spreadsheets like a pro

With these Excel tips and tricks, you can show your business data who’s boss. Even your accountant will be impressed.

Cash vs. accrual accounting: What’s best for your small business?

We go over cash basis accounting and accrual basis accounting so you know the pros and cons of each method and which is best use for your small business accounting.

Assets and liabilities

Learn about the asset, liability, and equity accounts that make up the balance sheet. Read about financial metrics that you can use to improve business results.

How bookkeeping services can save your business

Organized financial records are essential for any business, and these solutions for setting up bookkeeping services can help keep your company on track.

What is a general ledger and why is it important?

A general ledger is a recordkeeping system used to sort, store, and summarize a company’s financial transactions. Knowing the components means you can spot potential issues in your financial data.

What is depreciation and how is it calculated?

Read about depreciation and the most common depreciation methods. Each method impacts financial statements and can help you determine when to replace an asset.

What is business accounting? 21 tips for business owners

Business accounting is the process of gathering financial information on your activity to produce financial statements. Discover the basics at QuickBooks.

Accrual accounting: How it works, advantages, and disadvantages

In accrual accounting, you record income when you complete a service or when goods are shipped and delivered. Learn how accrual accounting works.

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