What Is GAAP Accounting?
GAAP stands for Generally Accepted Accounting Principles. Within the United States, it provides a set of rules and standards for accounting …
Don’t Worry, The Robots Aren’t Taking Over: The Beginner’s Guide to AI
Artificial Intelligence isn’t what you think it is. Despite being a longstanding trope of Hollywood, it’s not all killer robots or …
A Guide to Paying Quarterly Taxes
Most people think of taxes as something you do once a year, but if you’re a freelancer or a business owner, you’re required …
What Type of Accountant Does Your Business Need?
Savvy business owners know that a critical piece of running a business smoothly, effectively, and with as few hiccups as possible …
Balance Sheet vs Income Statement: What’s The Difference?
The balance sheet and income statement are both important documents to business owners everywhere. When a company has a strong income …
The Accounting Closing Process Explained
Many business owners are familiar with the term “closing the books”, which refers to the process of finalizing a company’s financial …
What Is The Accounting Cycle?
In order for businesses to look back on how they did in the past, they need to follow a certain set …
What is Revenue Recognition?
Revenue recognition is the process of allocating revenue to a specific time frame based on when the business earned (not received) …
What is the General Ledger in Accounting?
It is easy to argue that the general ledger is one of the most essential components of any business’ finances. Put …
What Are the Rules for Debits and Credits in Accounting?
You don’t have to be an accounting expert to have heard the words “debits” and “credits” thrown around. Anyone with a …
What Does a Bookkeeper Do? An Introduction for Business Owners Looking to Hire
Working with small business owners, we hear all the time that one of the biggest reasons people put off starting a …
Everything You Ever Wanted To Know About Class Tracking
Here at StartLightSoft, one of the questions we get asked over and over is how to set up class tracking—and if …
11 Ways Business Owners Can Use Virtual Cards
Everything’s going digital these days. From music to books, the world is digitizing fast. How we spend money is following suit. …
Accountant vs. Bookkeeper: The Key Differences Between These Finance Professionals
As a business owner, do you know the key differences between bookkeepers and accountants? More importantly, do you care? You may …