#accounting
Accounting
Master accounting fundamentals and best practices for plain-text bookkeeping
Independent Contractor vs. Employee: How to Classify Workers and Avoid Costly Mistakes
Learn the key differences between independent contractors and employees, including the IRS three-factor test, DOL economic reality test, ABC test, tax obligations, misclassification penalties, and best practices for classifying workers correctly.
Net 30 Payment Terms: What They Mean and How to Use Them
Learn what Net 30 payment terms mean, how they work, and when to use them. Covers 2/10 Net 30 early payment discounts, Net 60, Net 90 variations, late payment strategies, and practical tips for small businesses to protect cash flow.
Proforma Invoices: What They Are, When to Use Them, and How They Differ from Regular Invoices
Learn what a proforma invoice is, when to use one, and how it differs from commercial invoices, quotes, and purchase orders. Includes what to include, common mistakes, and best practices for international trade and small businesses.
Retained Earnings: What They Are, How to Calculate Them, and Why They Matter
Learn what retained earnings are, how to calculate them using the retained earnings formula, and why they matter for your small business. Includes step-by-step examples, common mistakes, and tips for managing retained profits effectively.
Unternehmensnachfolge-Planung: Wie Sie Ihr kleines Unternehmen bewerten und verkaufen
Nur 17 % der Inhaber kleiner Unternehmen haben einen formellen Exit-Plan – und 75 % der Verkäufer bereuen das Ergebnis. Erfahren Sie, wie Sie Ihr Unternehmen mit SDE-, EBITDA- und marktbasierten Methoden bewerten, entdecken Sie fünf gängige Exit-Strategien und folgen Sie sieben Schritten, um Ihren Verkaufspreis zu maximieren.
Construction Accounting: A Complete Guide for Contractors and Small Builders
Learn the essentials of construction accounting including job costing, revenue recognition methods, WIP schedules, retainage tracking, and change order management. A practical guide for contractors and small builders.
Double-Entry Accounting: The Complete Guide for Small Business Owners
Learn how double-entry accounting works, why every transaction needs two entries, and how this 500-year-old system helps small businesses maintain accurate financial records. Includes practical examples, common mistakes, and tips for getting started.
EBITDA: What It Is, How to Calculate It, and Why Your Business Needs It
Learn what EBITDA is, how to calculate it with step-by-step examples, and why this key financial metric matters for business valuation, investor comparisons, and operational performance analysis.
How AI Is Transforming Small Business Accounting in 2026
The AI accounting market has hit $10.87 billion in 2026 and 68% of U.S. small businesses are already using AI. Learn how automated categorization, intelligent reconciliation, cash flow forecasting, and agentic AI are saving business owners 5+ hours a week — plus a practical 5-step roadmap to get started.
How to Choose the Right CPA or Accountant for Your Small Business
Learn how to choose the right CPA, accountant, or bookkeeper for your small business. Compare credentials, costs ($150-$450/hr for CPAs), fee structures, and get interview questions to find the perfect financial professional.
Inventory Accounting Methods: FIFO, LIFO, and Weighted Average Explained
Learn the three main inventory accounting methods—FIFO, LIFO, and Weighted Average—with real examples, side-by-side comparisons, tax implications, and guidance on choosing the right method for your small business.
Financial Benchmarking: How to Compare Your Business Performance to Industry Standards
Learn how to benchmark your small business financial performance against industry standards. Covers key metrics like profit margins, liquidity ratios, and efficiency indicators, plus free and paid data sources to find your industry benchmarks.