Differences Between Bookkeeping and Accounting

The accuracy of bookkeeping determines the accuracy of the accounting process followed by a business. Being…

Accounting Cycle 8 Steps in the Accounting Cycle, Diagram, Guide

Is keeping up with the accounting cycle taking up too much of your time? With Bench,…

What Is a Full Disclosure Principle? Overview & Importance

Ask a question about your financial situation providing as much detail as possible. Our goal is…

Xero vs QuickBooks for Accounting Features, Fees, Support

ECommerce businesses can easily connect their accounting software with payment platforms like PayPal and Shopify. QuickBooks…

Statement of Stockholder’s Equity Format Example Explanation

“However, it is easier to invest the time in educating yourself, whether through online research, speaking…

Xero vs QuickBooks for Accounting Features, Fees, Support

Like QuickBooks, Xero has a function to automatically calculate sales taxes for each invoice, as well…

How Much Does a CPA Cost? Bench Accounting

An accountant is at a higher level than a bookkeeper, and typically in an organization a…

How to calculate accrued vacation pay

With only 29% of Canadian employees opting to take their yearly allocation of vacation leave, accruals…

Accounts Payable Management: What Is It, Challenges, Benefits, and Best Practices

Compare the invoice to the purchase order and the receipt to ensure everything matches up. This…