Owner Distribution Explained: What Type of Account Is It?
Have you ever caught yourself saying, “Owner distribution is a what account?” Don’t beat yourself up if you, like so many others, find it challenging to categorize this. Let’s look at what owner distribution is and how to handle it in your business accounting. What is an Owner Distribution? An owner distribution is […]
Operating Profit Explained: What It Means for Your Business
Let’s dive into the ins and outs of operating profit. Every business needs to understand what it is, what it tells us, and what affects it. What is Operating Profit? This metric is a measure of how much money a business earned from its core operations before interest and taxes. It is a […]
Journal Entry Example for Small Business Owners
To help you work out different scenarios in your business, we’ve compiled a journal entry example for each common transaction. We also go over the components of journal entries and why they are important. What is a Journal Entry? A journal entry is a chronological record of your business’s financial transactions. This is the main […]
Best Accounting Software for Rental Properties: Top Tools for Property Managers
The best accounting software for rental properties depends on a few key factors. In this post, we’ll go over these features and some software options that we think fit the bill. We’ll also talk about choosing the best one for your needs, and some challenges you might face. Key Features to Look for in […]
Accounting Software for Multiple Businesses: How to Choose the Right Platform
Looking for accounting software for multiple businesses? Multi-entity companies require a financial tool that will help them manage their businesses more effectively. In this article, we will outline the key things to look for when researching and how to choose the proper software. We will also outline the common challenges you may face when using […]
Top 5 Accounting Software for SaaS Companies
If you think finding the right accounting software for SaaS companies is difficult, this post is for you. We’ll run through the key features to look for and name a few options we think work well. Then, we’ll look at how to choose the best tool for your needs while avoiding the challenges with using […]
Accounting Software for Startups: What You Need to Know Before Investing
Which accounting software for startups is the best option? What are the benefits? What should you look for and what are other important questions to ask? Below we will help you answer these and more as we explore these digital tools. What is Accounting Software? It’s a digital solution for organizing your financial transactions. […]
Bookkeeping vs CPA Tasks: Which Do You Need for Your Business?
The choice between engaging bookkeeping vs CPA services can be a tricky one. However, by understanding their roles, we believe you can more easily make the right decision for your business. Understanding Bookkeeping vs CPA Roles The Role of a Bookkeeper A. Definition of a Bookkeeper Bookkeepers primarily focus on the everyday recording of a […]
The Ultimate Guide to Bookkeeping for Nonprofits
Proper bookkeeping for nonprofits is important in maintaining transparency and accountability. Nonprofits operate on a foundation of trust from donors, volunteers, and the community at large. Bookkeeping plays a vital role in upholding this trust. This way, resources can continue to come in to support projects for positive social change. Understanding Nonprofit Bookkeeping […]
SaaS Accounting Simplified: Boosting Efficiency and Profitability for Business Owners
SaaS accounting operates on the same principles as old school accounting, but has some cool features. In this post, we’ll go over what you can do with it and how that can help your business. Understanding SaaS Accounting SaaS accounting, or cloud-based accounting software, lives online. The software stays on remote servers that […]
