What is a Contra Account in Accounting? Types & Examples
In accounting, achieving accuracy and clarity is essential, and one key concept that helps with this is the contra account. While the term may sound technical, a contra account is …
Quick Glossary: Quantum Computing
Quantum computing is a rapidly evolving field that has the potential to revolutionize industries ranging from cryptography to drug discovery. Unlike classical computers, which process information using binary bits (0s …
What Is Certified Payroll and How to Comply in 2025
Certified payroll is a critical requirement for businesses working on federally funded construction projects. It ensures that workers receive the correct wages and that contractors comply with labor laws. In …
Spear Phishing vs Phishing: Understanding the Key Differences
If you’ve ever received a suspicious email claiming you’ve won a lottery or need to verify your bank details, you’ve encountered phishing. But what happens when the email is highly …
Deferred Compensation: What It Is, Types, and Benefits Explained
Deferred compensation allows employees to postpone receiving a portion of their earnings until a later date, often after retirement. By doing so, they can potentially reduce their current tax burden …
Xero Explained: What It Is and How It Can Help Your Business
Xero provides a comprehensive toolkit to handle your business finances. What sets Xero apart is its range of flexible plans tailored to fit different business needs: Xero also offers a …
7 Common Types of Business Correspondence in 2025
Effective communication is vital for professional success in 2025. From traditional formal letters to modern email practices, mastering the common types of business correspondence ensures clarity, professionalism, and efficiency in …
7 Best Financing Options to Fund Your Business in 2025
Starting a business requires more than passion and a solid plan—it takes money. Whether you’re tapping into personal savings, borrowing from family, leveraging a credit card promo, or seeking support …
QuickBooks Explained: What It Is and How It Can Help Your Business
Managing business finances can often feel like an overwhelming task, especially for small business owners juggling multiple responsibilities. QuickBooks, a powerful and user-friendly accounting software, has emerged as a go-to …
Invoice 101: What, Why, How?
Invoicing is a crucial part of any business, ensuring you get paid for your products or services. If you’re a business owner looking to streamline your invoicing process, you’ve come …