TRY A NEW VERSION

Blog

Is Unearned Revenue a Liability

Is Unearned Revenue a Liability and How’s the Calculation Made

Dec 15, 2023

Whenever revenue is received by a company but not yet earned, the term unearned revenue or unearned income will apply.   In other words, the revenue is received in advance of service or product provision.   Without an exception, unearned revenue has to be recorded as a liability.   Both companies and individual service provider...

Read More

What is a Self-Employment Ledger and Why It’s Important for You?

Dec 15, 2023
Time to read: 10 Minutes

One dilemma that many self-employed individuals face is the burden of proof of income, especially when applying for loans or claiming benefits, and even paying taxes. This is where a self-employment ledger comes into play. This article would help you understand self-employment ledgers and their use for your business. What is a Self-Employment Led...

Read More

What is a Pro Forma Income Statement?

Dec 13, 2023

A pro forma income statement is a financial document that predicts the expected financial performance of a business over a specific time period. As such, it’s a useful tool that business owners may use to estimate what their future expenses, revenue, and profits will be. Pro forma income statements may be used for a variety of purposes inclu...

Read More
small business accounting advice you need to consider to help ensure your success and lead to better decision-making

Top 13 Small Business Accounting Advice To Save Your Money

Dec 13, 2023
Time to read: 11 Minutes

If you own a business or are just about to start one, you may have probably realized rather quickly that there are tons of details to consider. Most small business owners do not have a background in accounting, making it overwhelming for them. However, they still have to learn its ins and outs if they want to succeed in their business.   Whi...

Read More

The Best Free Bookkeeping Tools

Dec 13, 2023
Time to read: 3 Min

Accurate bookkeeping is essential for every business, regardless of its size. But keeping track of transactions and maintaining organized records can be a daunting task.  Fortunately, there are plenty of free bookkeeping tools available that can simplify accounting for small businesses, helping you stay on top of your finances. This article w...

Read More

The Ultimate Guide to SMB Accounting

Oct 5, 2023
Time to read: 10 min

While SMB accountancy tasks seem burdensome, you could discover they're more doable than they first appear.By dividing your accounting chores into smaller pieces and developing a schedule of activities to perform, you should be able to be on top of your bookkeeping responsibilities.Small-to-mid size business (SMB) accounting can get confusing at ti...

Read More
Income Statement vs. Balance Sheet

Income Statement vs. Balance Sheet: Know the Difference

Oct 5, 2023
Time to read: 8 Minutes

 

  As a business owner, the income statement and balance sheet are both vital business documents. However, they are not one and the same, although a good income statement usually translates to a good balance sheet. In some cases, a business may have a great income statement but not a good balance sheet. Sadly, many business owners mi...

Read More
How to Become Financially Independent In 5 Years (7 Strategies)

How to Become Financially Independent In 5 Years (7 Strategies)

Sep 12, 2023
Time to read: 8 Minutes

Are you one of those individuals who have made a timeline of traveling the world after earning for a lifetime? Probably in your sixties? Let's be honest; even if you make it happen, you won't fully enjoy the bliss due to aging health concerns.  Things have changed! Unlike in olden times, you have many opportunities for achieving financial i...

Read More
  1. 1 SELECT TEMPLATE
  2. 2 ENTER INFO
  3. 3 PREVIEW STUBS
  4. 4 DOWNLOAD
Make your Check Stub Now
Make your Check Stub Now