Accounting can seem like a complex language with its own unique vocabulary. However, understanding some basic accounting terms is...

The balance sheet is a foundational financial statement that provides a snapshot of a company's financial position at a specific time.

How to read income statement, how to use it to understand your business' profitability, and how to generate one with AccountingPie.

Paying taxes is an essential responsibility for businesses and individuals in the United States. Learn about different types of taxes.

Sales tax is a common aspect of commerce, and it plays a significant role in accounting and bookkeeping for businesses. Whether you run a...

Effective financial management is the lifeblood of any business, big or small. Keeping tabs on income, expenses, assets, and debts is a...

Equity is a fundamental concept in accounting and bookkeeping that holds the key to understanding a company's financial picture. It...

Liabilities are a central concept in accounting and bookkeeping, representing financial obligations that a business owes to external...