Category Archives: Accounting Essentials

NetSuite vs QuickBooks: Which Suits My Business The Best?

NetSuite_vs_QuickBooks

The accounting needs of a growing company can become tricker and more complex. Reliance on a robust accounting software system becomes increasingly vital under these circumstances. Such businesses can no longer rely on multiple spreadsheets or third-party access files with custom formulae. Two leading accounting products aim to solve the accounting challenges of small and mid-size businesses – QuickBooks by Intuit and NetSuite by Oracle. This article covers some common questions relating to these, their comparative features and their uses.

Essential Small Business Tax Filing Tips

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Filing your taxes out of time carries a very high cost that a small business cannot afford to pay.  To stay on top of your taxes and meet the tax deadlines for the year, it is important to be well organized and get all the required documents in order from the beginning.  Running a business […]

How to Calculate Straight-Line Depreciation

Running a business gets expensive. Luckily, you can write off your business expenses to reduce your taxable income and save money. One of the ways to maximize your write-offs is to use depreciation. This gives you the opportunity to write off expensive purchases that lose value over time.  The most important and popular method of […]