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

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,…

5 steps to opening a business bank account checklist

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…

A calculator being used as a business expense tracker on top of a stack of money and next to a pen

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…

accounts payable vs accounts receivable

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…

what is a liability

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…

balance sheet

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…

gaap

Understanding the 5 Basic Accounting Principles

If you want to keep your financial records accurate and organized, it's important to follow basic accounting principles. You could own any type of business…

basic accounting principles

What is a CPA: What Does a Certified Public Accountant Do?

If you've ever curiously Googled "What is a CPA?" when researching accounting information, you're not alone. Many are confused over the difference between a regular…

an accountant looking up what is a cpa with their laptop on a desk full of accounting documents

Accounting Equation: What You Need to Know for Your Small Business

An accounting equation is a tool businesses of all sizes must use to help keep a handle on their financial health. Even if you have…

someone typing an accounting equation into a calculator on a desk with office supplies

Profit Margin Formula: How to Calculate It

A business measures its earnings by its profit margin, which it can calculate with the profit margin formula. Unfortunately, you cannot measure your earnings by…

wooden blocks next to eachother showing the growth from a profit margin formula and an arrow shoing that it goes up
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