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

Top 10 QuickBooks Alternatives for Your Business in 2024

QuickBooks is a long-standing powerhouse in financial software. However, these days there are plenty of cheaper alternatives in the marketplace that offer features that QuickBooks…

A laptop running a quickbooks alternative on the screen.

What Is Variable Cost? Types, Examples, & How to Calculate

A deep understanding of variable costs is essential when starting a new business or seeking to improve current profit margins. Many business owners make the…

Coins on top of a spreadsheet used to calculate total variable cost

Profit and Loss Statement: What Is It and How to Use It

Whether you're starting your own business or hoping to purchase an existing enterprise, you should know that financial statements, profit and loss (P&L) statements among…

A calculator and pen on top of a profit and loss statement example

What Is a Fixed Cost? Fixed Expenses Definition, Formula, & Examples

Understanding all costs within your business is crucial to achieving success in the market—and that includes fixed costs. By fully grasping the finances of your…

a piggy bank full of fixed expenses calculated with the average fixed cost formula

What Is a Business Operating Account? A Simple and Complete Guide

In this article, we'll explore the importance of business operating accounts for business owners and examine the various types of operating accounts that exist. We…

calculators and financial documents from an operating account audit

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,…

Paper, plant, and pen on a yellow table for someone to use during quickbooks tutorial

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…

coins stacked on a graph so they can be saved into an imprest account

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.…

A businesswoman sitting at a desk holding a tablet and e 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…

Woman at a desk pointing at the desktop screen while typing on the calculator while using quickbooks

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
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