Compare accrual accounting vs. cash basis accounting. Learn the key differences, pros and cons, and when each method makes sense for your accounting clients.
November 5, 2025
Learn all you need to know about accrual accounting: what it is, its core principles, key components, real-world examples and pros and cons.
November 5, 2025
Client retention is essential to keeping your clients happy, which enables your firm to continue to grow. This allows you to retain clients, increase profits, and expand business through referrals.…
November 4, 2025
![What Is the Revenue Recognition Principle? [With Examples]](https://financial-cents.com/wp-content/uploads/2025/11/Revenue-Recognition-Principle.jpg)
Learn what the revenue recognition principle is, why it matters for accountants and firm owners, and how to apply ASC 606 correctly. See practical examples and discover how Financial Cents…
November 4, 2025
This article reviews the top 10 client portals for accountants to help you choose a suitable solution and avoid the pressure and inconvenience of switching between client portal solutions anytime…
November 4, 2025
Understand the key differences between GAAP and IFRS. Learn how mastering both standards helps your firm stay compliant, accurate, and client-ready.
October 27, 2025
Not sure what going concern in accounting means? This guide explains the principle, how it affects financial statements, and what accounting firms need to know to identify and properly disclose…
October 27, 2025
Project management is about getting things done efficiently. To succeed at it, the project manager needs to understand what needs to get done, how to do it, and how long…
October 20, 2025
Learn what GAAP is, why it matters, and how following its principles helps your firm ensure accuracy, compliance, and trust in every financial report.
October 15, 2025
Discover how a P&L statement helps you measure profitability, with free templates for Excel and Google Sheets included for easy use.
October 7, 2025
Learn why trial balance worksheets matter, see common errors, and grab a free template to streamline your financial checks.
October 6, 2025
Schedule C is one of the most frequently filed IRS forms during tax season. In 2022 alone, the IRS processed over 35 million Schedule C filings, making up roughly 22%…
September 26, 2025
