Find out the meaning of more than 100 important business terms.
Running a business means grasping the intricacies of accounting, marketing, inventory, people operations and many other responsibilities, and each new responsibility comes with its own jargon. As a business owner, you’re likely to come across terms ranging from A/B testing and accounts receivable to Zapier and zero interest. Below, we dive into the ABCs you need to understand to succeed.
Should you use the desktop application or web browser version of QuickBooks? Here’s what you should know about each.
Many business owners are familiar with Intuit QuickBooks, as it’s one of the leading accounting software programs for managing payroll, operations, accounts receivable and numerous other financial functions.
Despite the platform’s ubiquity, however, many business owners remain uncertain about the differences between QuickBooks Desktop and QuickBooks Online. Here, we’ll detail everything you should know about the two versions, including their core functions, pricing tiers, hosting location and extra features.
As a small business owner, you have many responsibilities to juggle. It can be tempting to remove yourself from your business’s finances just to take something off your plate – especially if bookkeeping and accounting aren’t your strong suits. However, you should stay involved in your business’s finances.
If you do hire someone to help with finances, should you audit your bookkeeper? The short answer is yes. Theoretically, if you keep yourself involved in your bookkeeper’s processes, you should be fully aware of the state of your finances, but it’s always a good idea conduct random audits to ensure all of your books are balanced and your bookkeeper is following proper protocol.
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