Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

On Monday, Dec. 10, the Internal Revenue Service (IRS) announced a broad expansion of the cash method of accounting that puts an end to the sticky 'cash versus accrual' accounting question that has ...

Robust cash flow is king. Yet many accounts receivable teams find themselves mired in manual processes that are slow and, ultimately, costly. With the advent of the digital age, cash application has ...

Learn how to evaluate free cash flow to gauge a company's financial health and recognize accounting tricks. Understand FCF's ...

Managing your small business's finances isn’t just about crunching numbers—it’s about making data-driven decisions that keep your business healthy and positioned for growth. The right accounting ...

In today’s dynamic business environment, the difference between a thriving enterprise and one that struggles often comes down to financial literacy. While passion, creativity, and operational ...

F or many years, the IRS clashed over the cash method of accounting with small business taxpayers who provided services as the mainstay of their business but who were categorized as inventory ...

The first smartphones were released in 2007, and only 15 years later, we have phones that can do much more than simple calls and text messages. Most people are now fully equipped with a GPS device, a ...

End-of-year accounting clean-up is essential for your farm’s financial health and for tax preparation. Since there are many ...