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Accounting

Master accounting fundamentals and best practices for plain-text bookkeeping

533 postsView all tags
Free Small Business Accounting Software: The Complete Guide for 2026
·mike

Free Small Business Accounting Software: The Complete Guide for 2026

A practical comparison of the best free accounting software for small businesses in 2026—Wave, Zoho Books, ZipBooks, GnuCash, and Akaunting—covering what each free tier actually includes, hidden costs, and the signals that you've outgrown your free tool.

accounting-software
small-business
bookkeeping
The Month-End Close Process: A Complete Guide for Small Business Owners
·mike

The Month-End Close Process: A Complete Guide for Small Business Owners

A step-by-step guide to the month-end close process for small businesses—covering bank reconciliation, accrual recording, and financial statement review, with benchmarks showing most businesses close in 5–10 days.

month-end-close
small-business
bookkeeping
15 Questions to Ask Your Accountant (And What to Do With the Answers)
·mike

15 Questions to Ask Your Accountant (And What to Do With the Answers)

A practical guide to 15 high-value questions every small business owner should ask their accountant — covering tax deductions, business structure, cash flow forecasting, and record-keeping, with guidance on what good answers look like.

small-business
tax-planning
cpa
What Is Accounting? A Complete Guide for Small Business Owners
·mike

What Is Accounting? A Complete Guide for Small Business Owners

A plain-English breakdown of accounting for small business owners—how the accounting cycle works, when to use cash vs. accrual basis, the three core financial statements, and the most common bookkeeping mistakes that derail otherwise healthy businesses.

accounting
accounting-basics
small-business
Bank Reconciliation: What It Is, How to Do It, and Why Every Small Business Needs It
·mike

Bank Reconciliation: What It Is, How to Do It, and Why Every Small Business Needs It

Your books say $18,450. Your bank says $16,200. Which is right? Bank reconciliation closes that gap—and it's the most effective way small businesses catch fraud before it compounds.

bookkeeping
accounting
banking
Debits and Credits Explained: A Plain English Guide for Small Business Owners
·mike

Debits and Credits Explained: A Plain English Guide for Small Business Owners

A practical explanation of how debits and credits work in double-entry accounting — covering the five account types, the accounting equation, real-world journal entry examples, and the most common bookkeeping mistakes small business owners make.

accounting-basics
bookkeeping
double-entry
Revenue vs. Profit: What's the Difference and Why It Matters for Your Business
·mike

Revenue vs. Profit: What's the Difference and Why It Matters for Your Business

Your business pulled in $500,000 last year—but did you actually make money? Learn the critical difference between revenue and profit, the three types of profit you must track, and how to improve your margins.

accounting
small-business
financial-management
Business Line of Credit: What It Is, How It Works, and When to Use One
·mike

Business Line of Credit: What It Is, How It Works, and When to Use One

A business line of credit gives you flexible access to capital—draw only what you need and pay interest only on what you use. Learn how it works, secured vs unsecured options, qualification tips, and when to use it vs a term loan.

small-business
banking
financing
Credit Card Processing for Small Businesses: A Complete Guide
·mike

Credit Card Processing for Small Businesses: A Complete Guide

Credit card processing costs 1.5%–3.5% per transaction—and most small businesses overpay. Learn how card processing works, how to decode fees, choose the right processor, and cut costs by up to 40%.

small-business
banking
payments
GnuCash Review: Is It Still Worth Using in 2026?
·mike

GnuCash Review: Is It Still Worth Using in 2026?

GnuCash is free, open-source, and time-tested—but is it still the right choice in 2026? This honest review covers GnuCash's features, pros, cons, and how it compares to modern alternatives including Wave, QuickBooks, and plain-text accounting.

accounting-software
bookkeeping
small-business
Gross Profit: What It Is, How to Calculate It, and Why It Matters
·mike

Gross Profit: What It Is, How to Calculate It, and Why It Matters

Learn what gross profit is, how to calculate it with the right formula, how it differs from net profit, and how to use it to make smarter pricing, product, and scaling decisions for your small business.

accounting
small-business
bookkeeping
How to Assess Your Small Business Financial Health
·mike

How to Assess Your Small Business Financial Health

Learn how to assess your small business financial health using key ratios, financial statements, and a practical monthly review process—before problems become crises.

small-business
accounting
bookkeeping
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