How to Use QuickBooks: An Easy 8-Step Tutorial
Learning how to use QuickBooks is one of the best options for a business looking for software that combines accounts payable and accounts receivable management,…
Accounting & Finance
Welcome to the Accounting Hub. Here we provide information and resources related to all things accounting and finance. Whether you are just starting out in your career or are a seasoned professional, we can help you stay ahead of the curve. Browse our articles to find the information you need to make smart financial decisions.
Not sure where to start? Here are the five most important things you need to know for your business’s accounting:
1. Understand the 5 basic accounting principles and the accounting equation.
2. Use various financial statements to track business expenses and make informed decisions.
3. Know the key ratios and metrics (e.g. ROI) used in accounting and financial analysis, and understand how to use them to assess your business’s performance.
4. Be familiar with the different methods of accounting (e.g. accrual vs. cash basis) and understand the pros and cons of each.
5. Be able to use accounting software to manage your business’s finances, and be comfortable working with spreadsheets and other financial software.
6. Understand the basics of financial planning and forecasting, and be able to create simple financial projections for your business.
Most Recent Accounting & Finance Articles
What Is an Imprest Account or Petty Cash Fund?
Imprest accounts are a convenient way to make small business-related purchases without the hassle of completing a formal purchase order. By designating an account for…
E-Invoicing Explained: Your Guide to Electronic and Digital Invoices
In the modern world, businesses must stay competitive in order to succeed, and one way to do so is by embracing e-invoicing or digital invoicing.…
What Is QuickBooks and How Does It Work? A Complete Overview
Like Xerox is to copies, and BandAid is to bandages—QuickBooks has been synonymous with business accounting software since the 1990s. Despite increased competition, QuickBooks still…
How to Open a Business Bank Account in 5 Manageable Steps
When you start a business, it's essential that you establish one or more separate bank accounts to distinguish your business finances from your personal banking,…
How to Track Business Expenses in 6 Simple Steps
Managing business expenses is a struggle for small business owners. However, the basics of financial planning can make the difference between a failed business and…
Navigating Accounts Payable vs Accounts Receivable
If you're trying to get a handle on your business's accounting strategy, it's important to understand accounts payable vs accounts receivable. While these two terms…
What is a Liability?
If you've ever reviewed accounting documents for your business, chances are you've asked yourself "What is a liability?" and wondered if you had any. When…
Understanding Your Business Balance Sheet
If you're looking to understand the basics of accounting, it starts with your business's balance sheet. An SBA study found that 50% of businesses don’t…
Understanding the Generally Accepted Accounting Principles (GAAP)
If you're looking to get your business's financial health on track, you may come across the Generally Accepted Accounting Principles. The Generally Accepted Accounting Principles…
