What are liability Accounts in accounting?
When your business is obligated to pay vendors for services or products received, these are listed in the Liability accounts. Liabilities...
Guide
What are Asset Accounts in accounting?
Without Assets, making a case for an active and healthy business is challenging. Asset Accounts show a list of your company's...
What is the 1099 NEC form used for?
As a small business owner, you are already familiar with working with the Internal Revenue Service (IRS) forms. The 1099 NEC...
What are Capital Accounts in accounting?
When starting a business, entrepreneurs often think of capital. Hence, capital accounts are pivotal in the process of transforming great business...
What are Income Accounts in accounting?
Understanding your income accounts gives insight into your business's cash flow and financial health. In this article, we talk about income...
Single entry vs Double entry Accounting Explained
Single entry vs. Double entry Accounting -- does it really matter? Yes, it does. If you are a person who pays...
Small Business Contracts: 4 Reasons You Need them
In businesses of all sizes, it's essential to ensure everyone is singing from the same hymn sheet. This is where small...
6 Importance of Data Backup In Accounting
There can't be an overemphasis when it concerns the importance of data backup in your everyday business operations. Occasionally, the unthinkable...
Brand New Release: Akaunting 2.1
Akaunting 2.1 has been upgraded to a newer version – Akaunting 3.0 Meet our latest version of Akaunting - 2.1, with...
Akaunting: Accounting App Store for small business
Woot Woot! The wait is over. Today, we're excited to open the Accounting App Store by Akaunting - the only free, online, open-source...