Maryland business owners face many early decisions, but few affect day-to-day operations as much as selecting an accounting method. Cash accounting and accrual accounting each shape how revenue, ...

The accounting cycle tracks a transaction until it's added to your company's financial statement. Follow this eight-step ...

Cash basis accounting records when cash actually changes hands in a transaction, providing a real-time view of your financial position that reflects the actual cash flow of a business or individual.

If your current approach to budgeting feels rigid, outdated or disconnected from your goals, it’s time to reimagine it.

Most budgeting apps will show you where your money went—after you’ve already spent it. Few connect the dots between day-to-day cash flow, long-term goals, and the rest of your balance sheet. Empower’s ...