Accounting & Bookkeeping Practices

Whether you're bookkeeping by hand or on the computer, we'll provide you with best practices to help you keep track of your cash flow.

Explore Accounting Basics

Business woman with credit score on a computer
The Importance of Credit Reports in Business
Female entrepreneur taking inventory
LIFO or FIFO for Inventory Accounting?
Small business owner working on bookkeeping tasks
Here Are Some Key Bookkeeping Tips for Small Business Owners
Woman doing the inventory at an organic market
Should You Use Periodic or Perpetual Inventory for Your Business?
Working on accounts payable
Accounts Payable and Their Effect on Profitability
man sitting at desk with book
8 Recordkeeping Tips for Small Businesses
Entrepreneurs discussing renovation of a new business office space.
What Is Startup Capital?
flying money
How Net Cash Flow Is Used in Business
Accountant with client
What Is IFRS?
Customer using POS system to place order
Point-of-Sale (POS) Systems for Inventory Management
Couple getting advice on business financing
How Asset-Based Loan Financing Works
two businessmen having a meeting
The Rules of Depreciation vs Expensing Purchases on Your Income Taxes
Accountant punching numbers
An Overview of Accounting Records
Businesswoman guiding man with paperwork
Tracking Outflows With a Cash Disbursement Journal
Man working in leather factory determining the cost of objects
Learn About the 3 Different Types of Cost Objects and How They Work
Woman budgeting at counter
Learn How Budgetary Slack Diminishes Corporate Performance
Businessman counting money in an office
What Are Retained Earnings?
Business people reviewing financial data on digital tablet
10 Great Mobile Apps to Manage Your Business Finances
man doing calculations
Should You Use a Cash or Accrual Accounting System?
2 women going over accounting paperwork.
A Beginner's Guide to Accounting Information Systems for Business
Illustration of accountants drawing charts on a board representing the small business accounting cycle.
8 Steps a Small Business Should Take to Complete the Accounting Cycle
Business Plan on Note Pad
How to Prepare a Company Values Statement as Part of the Business Plan
Restaurant accounting
The 8 Best Accounting Software for Restaurants in 2021
Two men in a warehouse using a laptop and comparing the EOQ metric with the actual on-hand inventory
Lower Inventory and Storage Costs by Using the EOQ
Small business owner accounting for accrued liabilities
The 3 Types of Accounting in Small Business
a light bulb placed in a chalk drawn idea bubble
What is a Limited Liability Company?
tax form sitting on desk with pen, glasses and a calculator
What Tax Forms to Use to Pay Taxes as a Sole Proprietorship
Inventory stored in a warehouse
What Is Cost in a Business Firm?
Image shows a woman looking at a book. Title reads: "When to debit & when to credit an account" and the pages in the book read: "Accounting journal: DEBIT: asset accounts, expense accounts. CREDIT: Liability accounts, owner's equity, revenue accounts"
How to Create an Accounting Journal Entry
Printout of calculation
Source Documents Provide Accounting Paper Trails
Accountant working on desk to using calculator with pen on book.
Setting up a Small Business Chart of Accounts
Business Financial Statement
You Need to Prepare These Financial Statements at the Cycle's End
This illustration shows The 5 Most Common Types of Adjusting Entries, including accrued revenue, accrued expenses, unearned revenues, prepaid expenses, depreciation
Making Adjustments in Accounting Journals
Man and woman in office having a meeting
Accounting: Closing Entries in 4 Steps
General accounting by small business owner
How to Construct the General Ledger for Your Small Business
Consulting with a bookkeeper
Bookkeeping Is a Powerful Way to Lower Costs of Running Your Business
Image shows a woman filling out an accounting ledger, which has three columns and three rows. The first row reads: "particulars, debit amount, credit amount". The second row reads: "Cash account to capital account (being cash brought in as capital" and both the debit and credit amount reads 50,000. The third row reads: "Bank account to cash account (being cash deposited into the bank)" and both the debit and credit amount are 20,000.
How to Prepare a Trial Balance for General Ledger Entries in 7 Steps
Couple signing contract
Here Is an Example of a Bookkeeping Entry When Buying on Credit
Woman doing the books at a restaurant
How to Set Up and Manage a Petty Cash Account
Business owner working at laptop in clothing shop
Bookkeeping and Accounting for Small Business
Female accountant keying in numbers
Recording Cash Bookkeeping Entries
How to Calculate the Intrinsic Value of Preferred Stock
Bookkeeping Entries for Inventory Transactions
A discounted transaction at the register of a men's clothing store.
How to Record Cash Sales When Offering a Discount
Calculator, hand with pen, computer screen
Which Asset Accounts Should Be in Your Chart of Accounts?
Close up of female accountant or banker making calculations. Savings, finances and economy concept
Example of a Bookkeeping Double-Entry When Selling on Credit
Young businessman showing graphs by pen
What Are Debits and Credits?
Cook with paperwork in commercial kitchen
What is Best: Single-Entry or Double-Entry Bookkeeping?
bookkeeping software for nonprofits to track donations
The 8 Best Accounting Software for Nonprofits of 2021
Business creatives reviewing proofs in an office
What Is Leverage?
Image shows a piece of paper folded in half; one half is labeled "Fixed costs" and the other is "Variable costs". Under "Fixed costs" it reads: "The costs associated with your business's product that must be paid regardless of how much you sell: rent for office space or storefront; weekly payroll; equipment depreciation." Under "variable costs" it reads "the costs directly related to the sales volume of your business: delivery/shipping charges; sales commissions; advertising and publicity." Title reads: "Fixed costs vs. variable costs"
What Every Entrepreneur Should Know About Fixed and Variable Costs
a woman using calculator
Learn How to Calculate a Breakeven Point with This Helpful Formula
An abacus representing the various costs of production
Here's the Lowdown on Direct and Indirect Costs in Product Pricing
Men looking at charts show gross and contribution margins
Here Are the Reasons Why Gross and Contribution Margins Are Different
A financial analyst at work
What Is Cost-Volume-Profit Analysis and How Do Changes Affect Profit?
Clothes Hanging on Rack
Here Is What You Need to Know About Pricing Products Using Markup
man using calculators to calculate business risk ratios
What Financial Ratios Measure Business Risk?
Woman tabulating numbers with an adding machine
What Is the Contribution Margin?
Business accounting
Do You Know Where Your Break-Even Point Is?
Businesswoman guiding man with paperwork
Defining and Calculating Cost-Plus Pricing
Financial analyst at keyboard in front of three computer screens
What Does the Contribution Margin Ratio Reveal?