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2 min readAccountants

What is backup withholding?

Does backup withholding apply to your earnings? Find out when it’s used

2 min readAccountants

A guide to Generally Accepted Auditing Standards (GAAS)

Find out more about the generally accepted auditing standards (GAAS)

2 min readAccountants

What is marginal revenue?

Find out how to calculate marginal revenue and why it’s so important

3 min readAccountants

What is a zero balance account?

Believe it or not, there are advantages to having zero balance

2 min readAccountants

What is a suspense account?

A suspense account is essential for holding unknown amounts

2 min readFinance

A guide to sinking funds

What are sinking funds? Find out everything you need to know, right here

2 min readAccountants

Double-entry bookkeeping explained

Learn how to take your finances seriously with double-entry bookkeeping

2 min readAccountants

What is accelerated depreciation?

Find out if the accelerated depreciation method makes sense for your business

2 min readAccountants

What is an internal audit?

An internal audit could keep your business on track. Here’s how.

3 min readAccountants

A guide to the retail inventory method (RIM)

Is the retail inventory method useful for your business?

2 min readAccountants

What is reserve accounting?

Reserves are profits that have been set aside for a specific purpose

2 min readAccountants

What is operating leverage?

Operating leverage reveals what percentage of your total costs are fixed

2 min readAccountants

How can aging of accounts receivable help your business?

Aging reports for accounts receivable can help improve your financial health

4 min readAccountants

What is a compliance audit?

A compliance audit can keep your business above board. Here’s how

2 min readAccountants

What is an operational audit?

Is it time for your business to undergo an operational audit? Find out here.

3 min readAccountants

An Accounting Cycle Guide

The accounting cycle is something every business needs to know.

2 min readAccountants

IFRS vs. GAAP: what’s the difference?

Understand the key IFRS vs. GAAP differences with our comprehensive guide

3 min readAccountants

What Are Assets in Accounting?

How many types of assets in accounting are there? Find out here.

2 min readAccountants

What is the last in, first out (LIFO) method?

LIFO assumes that the last item of inventory purchased will be the first sold

3 min readAccountants

How to prepare an income statement

Income statements are one of the most important financial documents

2 min readAccountants

What Is Absorption Costing?

Learn how to work out absorption costing with our definitive guide

2 min readAccountants

What Are Accrued Liabilities?

Accrued liabilities are expenses you’ve incurred but haven’t been billed for

2 min readAccountants

How to Improve Your Billing Process

Improve your company’s customer billing process with five simple steps

2 min readAccountants

What are basic accounting adjusting entries?

Adjusting entries let you adjust revenues and expenses to the correct period

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