#bookkeeping
Modern bookkeeping techniques using plain-text and automated workflows
Learn what GAAP (Generally Accepted Accounting Principles) is, the 10 core principles, who must follow GAAP, how it differs from IFRS, and why it matters for your small business financial reporting.
Learn what goodwill is in accounting, how to calculate it when acquiring a business, how impairment testing works under ASC 350, the difference between public and private company rules, and common mistakes to avoid.
Learn what goodwill is in accounting, how to calculate it during a business acquisition, where it appears on the balance sheet, how impairment testing works, and why it matters for business owners buying or selling a company.
Learn how much a CPA costs for your small business in 2026. This guide covers hourly rates, flat fees, monthly retainers, what drives costs up or down, and how to find the right CPA at the right price.
Learn how to calculate payroll taxes step by step, including 2026 FICA rates, Social Security and Medicare calculations, FUTA, SUTA, and federal income tax withholding. Includes examples, deadlines, penalties, and common mistakes to avoid.
Learn what IFRS (International Financial Reporting Standards) is, how it differs from US GAAP, who must follow IFRS, the simplified IFRS for SMEs standard, and what the 2026 updates mean for your business.
Learn what an IOLTA account is, how it works, who needs one, compliance requirements including three-way reconciliation, common mistakes to avoid, and best practices for managing client trust accounts at your law firm.
Learn how to manage law firm accounting, from setting up IOLTA trust accounts and performing three-way reconciliations to optimizing billing, maximizing tax deductions, and staying compliant with ABA and state bar rules.
Learn how the LIFO (Last In, First Out) inventory method works, how to calculate COGS and ending inventory, LIFO vs. FIFO differences, tax benefits during inflation, LIFO reserve, LIFO liquidation, and when LIFO is the right choice for your business.
Luca Pacioli, a 1494 Franciscan friar, documented double-entry bookkeeping in Summa de Arithmetica—the foundation of every modern accounting system.
Learn the essential accounting practices every medical practice needs, from revenue cycle management and accounts receivable to tax planning and profit distribution models for group practices.
Learn how merchant processing fees relate to Form 1099-K, why the IRS sees different numbers than your bank account, how to reconcile the gap, deduct fees properly, and avoid common mistakes that trigger IRS notices.
