May 10, 2024

Rethinking data analytics: Why accounting should be the source of truth for business success

Among emerging technologies, only 5G had a higher adoption rate among accountants (46%). Data analytics in accounting gathers, organizes, and analyzes data to get exciting new insights into the data. While traditional financial reports give weekly, monthly, and yearly statuses, data analytics can be used…
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March 1, 2022

Accounting Software for Small Businesses

It is a good pick if you’re a freelancer who doesn’t need to track a lot of receipts. We only recommend QuickBooks Online for businesses needing simple receipt scanning that’s integrated into the accounting system. But if you’re looking for software that can do more…
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December 22, 2021

Is prepaid rent a current asset?

Content Variable/contingent rent Can a Small Business Get a Tax Refund? Prepaid expenses can be easily managed Is Prepaid Rent Expense or Revenue? How to record a prepaid expense: Examples Table of Contents The amount of a common accrual, i.e. rent or insurance, is gradually…
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November 24, 2021

QuickBooks Capital teams up with Cross River Bank to provide more customers with access to the PPP loan application

Content Getting in Your Application Join over 140,000 fellow entrepreneurs who receive expert advice for their small business finances Cross River BankCompany Initiatives What’s a Funding Round? Latest Cross River Bank News Cross River Bank Helps Bring Fly Now Pay Later Trip Financing to the…
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October 4, 2021

S Corporation Tax Filing Requirements

Since establishing as an S-corp can save you significantly in taxes, it may be worth putting some of that money into hiring a tax professional to help you with the various forms and filings required to operate your S-corp. C-corps are the most common type…
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March 5, 2021

TOP 10 BEST Accounting Firms in Sarnia, ON, Canada Updated 2024

All you need to give us some of your time and in return, you can rest easy about your books. In the hustle and bustle of the startup world, a solid financial foundation is your anchor. Summing up our journey, this section emphasizes the importance…
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November 30, 2020

What Is a Balance Sheet? Definition, Explanation and Format Examples

Similar to the current ratio and quick ratio, the debt-to-equity ratio measures your company’s relationship to debt. You can calculate total equity by subtracting liabilities from your company’s total assets. When investors ask for a balance sheet, they want to make sure it’s accurate to…
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October 5, 2020

The Basic Accounting Equation Financial Accounting

In some instances, you might be able to quantify less tangible assets, like your company’s positive reputation in your community or an individual employee who has specific expertise. The offers that appear on this site are from companies that compensate us. But this compensation does…
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October 5, 2020

6 Cloud Accounting Benefits for Small Businesses Explained

As long as you keep everything up-to-date on a regular basis, you know you’re always seeing real-time data in your accounting software. In the case of cloud accounting, you keep your business books online. That includes records of income and expenses, and assets and liabilities.…
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August 5, 2020

The best small business accounting software in the UK

Content Best project management software Making Tax Digital – Which software are compatible? Do I need accounting software for my small business? What is the benefit of Cloud accounting Software? Best for services Choosing the best accounting software for your business Terms of Use, all…
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