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Feb 11, 20226 min read
Best Accounting Software for Small Business of 2023
Are you finding the best accounting software that fits your business needs? We’ve rounded up the best accounting software that makes it...
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Jan 21, 20224 min read
Outsourced Bookkeeping Services for Small Business
As a small business owner, you have everything on your plate, from taking care of customer relationships, marketing and sales, finance,...
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Jan 14, 20223 min read
TOP 4 Key Differences Between a Trial Balance and Balance Sheet
As a business owner, it’s important to differentiate the meaning of a trial balance and balance sheet so you can use them for the right...
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Jan 12, 20224 min read
Bookkeeping Vs Accounting: 5 Key Differences
Under an untrained eye, bookkeeping and accounting may appear to be the same profession. It’s a common misconception regarding the two...
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Jan 5, 20223 min read
2022 Gift Tax Rate: What It Is, How It Works and Who Has to Pay It
During our lifetime, you always want to give the best things to your beloved ones. And while sending valuable gifts to your spouse,...
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Jan 5, 20222 min read
2022 Standard Deduction Amounts - What You Need to Know About Inflation Adjustments
The IRS released the new tax brackets and standard deduction amounts for the 2022 tax year. All Americans are facing a long list of new...
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Dec 19, 20216 min read
What is Accounts Payable? How to Record Accounts Payable Properly
When your company purchases goods on credit that need to be paid back in a short time, it is known as accounts payable. As a business...
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Nov 26, 20213 min read
5 Considerations for Law Firm Accounting
While you’ve spent years honing your skills to become a great lawyer, you didn’t understand deeply about law firm bookkeeping or...
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Nov 25, 20214 min read
What are IOLTA accounts? Common Mistakes To Avoid
Attorneys routinely receive and handle money that belongs to clients for future use such as security settlement payments, fees advanced...
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Nov 23, 20211 min read
How to Perform A Three Way Reconciliation
A three-way trust reconciliation involves three components that must match. If the three numbers don't match, you have to investigate to kno
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Nov 22, 20212 min read
What is the difference between revenue and income?
Many people often consider ‘income’ as a synonym of ‘revenue’ since both terms refer to positive cash flow. Understanding the difference...
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Oct 5, 20214 min read
5 Tips To Improve a Law Firm’s Finances
Managing a law firm is totally challenging for every single lawyer. When it comes to the financial aspects of a business, it doubles the...
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