Guides 8 minute read

8 strategies to streamline month-end close

Ah, month-end close…that unavoidable time of the month that accountants dread. If you’re lucky enough to be unfamiliar, month-end close is the process of reviewing, reconciling, and closing the books at the end of each month to ensure accurate financial reporting and compliance. It’s a recurring challenge, demanding precision and unwavering attention amidst a whirlwind of activities. In this guide, we help you get rid of the monthly doom and gloom by breaking down eight strategies to streamline month-end close.

Guides 7 minute read

How to get a business credit card + what you need to know before applying

Managing finances as a business owner is a hefty feat. From compensating your employees to investing in new opportunities, there’s always something to pay for, and keeping those payments organized is key. That’s why getting a business credit card can be a huge asset to your business. In this article, we break down everything you need to know about applying for a business credit card.

Guides 6 minute read

Bookkeeping vs. accounting: What's the difference and why does it matter?

Bookkeepers and accountants share common goals and responsibilities, and support your business in distinct ways and stages of the financial cycle. In this article, we go over the distinct functions of accounting and bookkeeping, highlighting the unique roles each can play within your business.

Guides 7 minute read

Situational analysis: how to perform this crucial business research step

A successful businesses don't just rely on gut feelings — they take their time, carefully assessing the big picture and making a plan before changing direction. This is where situation analysis comes into play.

In this article, we’ll take a look at what situational analysis is, why it’s important, and what you need to do to conduct one.

Guides 5 minute read

Debit vs. credit accounting: your business’s complete guide

In the world of accounting, few concepts are as fundamental as the dynamic duo of debits and credits.

Here, we break down debit and credit accounting so you can master financial management, keep your books balanced, and see your business thrive.

Guides 5 minute read

Gross profit formula, its definition, and why it matters for your busines

Understanding your business's profits is key to its success, which is why it’s so important to know how to calculate gross profit. By mastering the ins and outs of gross profit, you'll be equipped to make smart decisions that can boost your company's performance — especially in the ever-changing market. In this guide, we’ll break down the formula for gross profit and help you understand why it’s so important.