In accounting terms, What is the difference between absorption costing and variable costing? Are there specific times when one is better to use than the other? When should absorpti …

Does anyone know the difference between EBIT and EBITDA? Trying to get my head around some basic accounting and any help would be appreciated!

Under what circumstances are you supposed to capitalize software development costs versus expensing them in the P&L? I'm a little hazy on this because aren't they really R&amp …

Does anyone know of any good sources to learn basic accounting to help run my small business? Thanks

For our business, 90% of the time we charge our customers by credit card when they "checkout." As a result, we don't typically need to deal with invoicing them because we are paid …

I'm wondering if anyone has tips on whether a small business should use cash or accrual accounting? I've been using cash accounting because it's more intuitive to me. Are there any …

I recently purchased a copy of QuickBooks to handle the book-keeping for our business. After playing around with it for a while, I'm not sure it really works well to handle the acc …