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Resources on basic accounting and payment terms business owners must know.

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What is net earnings and how to calculate it?

Discover what net earnings are, how to calculate it, why they are important, and how to use the metric to assess how a business is performing.

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What is service revenue and how to calculate it?

Learn what is service revenue, how it impacts financial statements and operational capabilities, as well as how to maximize it.

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What is a post-closing trial balance?

Learn about post-closing trial balances, their importance in accurate financial reporting, and how to prepare them.

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Learn about tax compliance

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What is net earnings and how to calculate it?

Discover what net earnings are, how to calculate it, why they are important, and how to use the metric to assess how a business is performing.

Learn More

What is service revenue and how to calculate it?

Learn what is service revenue, how it impacts financial statements and operational capabilities, as well as how to maximize it.

Learn More

What is a post-closing trial balance?

Learn about post-closing trial balances, their importance in accurate financial reporting, and how to prepare them.

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Assets vs liabilities: What they are and how to manage them

Learn how assets and liabilities shape your business's financial health. Discover tips for tracking, managing, and leveraging them effectively.

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Account balances: What they are and how to manage them

Discover what account balances are and their importance to manage cash flow, debts, and investments effectively.

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What are assets? Definition and common examples

What are assets? Breaking down the definition to these important business resources, and providing strategic practices for better asset management.

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What is depreciation? Types and examples

Depreciation is a standard accounting practice of allocating the cost of an asset over its useful life. Learn how depreciation affects financial reporting and asset management for small and medium-sized businesses.

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Interest expense: Definition, calculation and examples

Interest expense refers to the cost incurred from borrowing funds and is classified as a non-operating expense. It reflects the interest due on various forms of debt, such as loans, bonds, lines of credit, or convertible debt.

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Direct costs vs. indirect costs: Definition, examples and how to calculate

Discover the difference between direct costs and indirect costs, learn about the importance of tracking both types of expenses, and explore practical examples and best tips for managing spending.

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Margin account: Definition, how it works, and example

Learn how margin accounts can help businesses invest with less capital and maximize returns through smart borrowing and increased purchasing power.

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Expense accounts: Definition, types and tips

What are expense accounts? Expense accounts includes various types of payments and it is a record of the costs your business incurs during a given accounting period

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What Is a PAYDEX score and how it works?

A Paydex score is a business credit score assigned by Dun & Bradstreet (D&B). It evaluates a company’s creditworthiness and risk profile based on its history of payments.

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