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We’ll break down the pros, cons, pricing, and other details for each product to help you make the most informed purchasing decision. Sign up for Lab Report to get the latest reviews and top product advice delivered right to your inbox. Overall, Patriot Software Accounting does the best job of replicating its site on...

Pricing increases throughout the years also make QuickBooks Online an expensive choice for some businesses. However, QuickBooks Online may be the ideal solution for businesses that want lots of features in easy-to-use, cloud-based software. QuickBooks Online is cloud-based accounting software that has the complex accounting capabilities small business owners need. Hopefully, knowing the exact...

Not every business requires the same level of support when it comes to outsourced accounting. The boom is partly being driven by the transition to cloud-based accounting, which has removed the need for accountants or bookkeepers to attend a business’s physical location. There is no shortage of anecdotal evidence to suggest accountancy outsourcing is...

To calculate the gross profit, subtract the cost of goods sold (COGS) from revenue. As you will learn in future chapters, in order for businesses to remain profitable, it is important for managers to understand how to measure and manage fixed and variable costs for decision-making. In this chapter, we begin examining the relationship...

George Dimov, CPA, offers bookkeeping services to commercial clients in Seattle. He also provides taxation services for LLC entities, from sole-proprietorship to S-corp, compilation, business valuation, and back-office accounting. With more than 12 years of accounting experience, Dimov and his firm have served retail, biotech, M&A consulting, real estate, and manufacturing industries. Our team...