Consultants have unique accounting needs: time tracking, project-based billing, and self-employment taxes. Here's how to choose the best accounting software for your consulting practice — from FreshBooks to Xero to Wave.
Ecommerce accounting is more complex than traditional retail. Learn about the 6 biggest challenges — from multi-channel reconciliation and sales tax nexus to inventory COGS and cash flow timing — and how to solve each one.
Stop spending 8 hours a week on manual bookkeeping. This guide walks you through exactly how to automate your bookkeeping—from bank feeds and receipt capture to AI-powered categorization—so you can focus on growing your business.
Owner's equity is the most honest measure of your business's financial health—and most small business owners don't check it enough. Learn what it is, how to calculate it, what changes it, and how to use it to build long-term wealth.
A 5% profit margin can mean thriving in one industry and failing in another. This guide explains what a good profit margin looks like by industry, how to calculate all three types, and proven strategies to improve yours.
Discover what ACH payments are, how the Automated Clearing House network works, the difference between ACH credits and debits, processing times, fees, and how small businesses can use ACH to cut costs and automate payments.
Learn everything about small business bankruptcy, including Chapter 7, 11, and 13 options, the step-by-step filing process, costs, how it affects your credit, and practical alternatives like debt negotiation and restructuring.
Learn what business credit scores are, how the major scoring systems (PAYDEX, Experian, Equifax, FICO SBSS) work, and step-by-step strategies to build strong business credit that opens doors to better financing, supplier terms, and more.
Learn how to open a business bank account step by step, including required documents for each business type, how to compare bank fees and features, common mistakes to avoid, and tips for choosing between national, community, and online banks.
Learn how to pay yourself from an LLC using owner's draws or salary, understand the tax implications of each LLC tax classification (sole proprietorship, partnership, S-corp, C-corp), and discover when an S-corp election can save you thousands in self-employment taxes.
Take control of your finances with our open-source double-entry accounting system. Start your ledger today.
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