Tax basis vs book basis accounting, their pros and cons, and when to use each one.

Learn about standard costing, how it helps improve efficiency in companies, its benefits and potential drawbacks, and how to calculate your standard costs.

Learn how to process payroll in your business, how to calculate gross and net pay, and how payroll solutions can streamline the process.

Learn what the debt-to-equity ratio is, how to calculate and interpret the result, and how the D/E ratio can vary across different industries.

Learn what deferred revenue is, businesses that deal with deferred revenue, examples of deferred revenue, and why it’s considered a liability.

Learn how employee expense reimbursement is affected by the reimbursement plan you choose, and if or when expense reimbursement is subject to taxation.

Discover what bookkeeping is, why it’s important, and how to set up a bookkeeping system in your business using a spreadsheet or software program.

Creating a mechanic auto repair shop profit and loss statement tells you whether you’re in the black. See a sample P&L with revenue and expense examples.