Resources on basic accounting and payment terms business owners must know.
What is Oracle NetSuite? Learn how this Oracle NetSuite ERP platform unifies accounting, inventory, and CRM into one system to help your business grow.
What is Sage Intacct? Discover how this cloud-based financial management system helps businesses scale through automation, reporting, and consolidations.
Learn what is consolidated invoicing, how it works, and how combining multiple bills into one statement saves time and lowers costs for your business.
Learn the difference between COGS and operating expenses, see examples of each, and discover why tracking them is key to profitability.
Learn what non-cash expenses are, common examples like depreciation and stock-based compensation, and understand their impact on cash flow and taxes.
Learn what expense reconciliation is, why it’s essential for accurate financial reporting, and how to streamline the process to prevent errors and fraud.
Learn the difference between liabilities and expenses, how they impact financial statements, and why accurate tracking matters for business decisions.
Learn what unreimbursed employee expenses are, who can deduct them, which states allow deductions, and how to claim them on taxes.
Learn what is billable expense income, how billable expenses differ from non-billable costs, and the importance of accurately tracking them using automation.
Learn what incidental expenses are, as well as examples of incidental expenses and discover how to manage and track them effectively.
Learn what allowable expenses are, how to identify an allowable business expense, and see clear examples, criteria, and recordkeeping tips for taxes.
Learn what bad debt expense is, how businesses record it in accounting, and why tracking bad debt expense helps reflect true financial health.
What is an expense check? An expense check is a reimbursement payment for business costs. Learn how expense checks work and why they matter.
Learn what accrued interest is, how it works for loans and investments, and see examples for calculating accrued interest accurately.
Lean accounting is a financial method that reduces waste and simplifies reporting. Learn what lean accounting is, how it works, and its benefits.
